The document discusses strategies for developing a regional hub port in Asia. It outlines factors like globalization, increasing vessel sizes, and alliance formations between shipping lines that have driven demand for hub ports. It also discusses the prerequisites for becoming a successful hub port, using the example of Port of Tanjung Pelepas in Malaysia which has grown to handle over 4.77 million TEUs annually through strategic location, large capacity, operational excellence, and infrastructure investments.
2. “ Globalization has been made possible by the progressive dismantling of barriers to trade and capital mobility, fundamental technologies advances, steadily declining cost of transport, communication and computing. Its integrative logic seen inexorable, its momentum irresistible.”- Kofi Annan,2000
