JOHOR BAHARU Taiwan's Evergreen Marine, one of the world's largest container shipping groups, officially switched its regional hub from Singapore to Malaysia's Port of Tanjung Pelepas (PTP) at the weekend.

The move has been hailed as a victory in Malaysia's aggressive campaign to compete with Singapore port operator PSA Group, which handles about 25 percent of the world's total container transshipment throughput.

Transport Minister Dr Ling Liong Sik said during the official launch Saturday that Evergreen would play a big role in the development of PTP as a major transshipment hub in the region.