Tanco Holdings Bhd’s 79%-owned unit, Midports Holdings Sdn Bhd (MHSB), has appointed Hong Kong-based Ocean Bridge International Ports Management Co Ltd (OBIPM) as the operator of its proposed smart AI container port in Port Dickson, Negeri Sembilan.
In a Bursa Malaysia filing on Friday, Tanco said MHSB signed an operational management agreement with OBIPM on Dec 26, 2025. The remaining 21% stake in MHSB is held by Global Marque Logistics Sdn Bhd.
The smart AI container port will be developed on a 480-acre land bank owned by Tanco, featuring natural deepwater access of more than 21 metres, allowing it to accommodate the world’s largest container vessels.
Under the agreement, OBIPM will manage and operate the terminal and related assets, deploying advanced AI and automation technologies across container handling, logistics, storage, agency services and other port-related activities. OBIPM will also provide technical consultancy covering terminal design optimisation, feasibility studies, equipment selection, operational systems, maintenance standards, staffing, training and commissioning.
OBIPM will station a management team at the terminal and oversee daily operations, asset management, safety controls and personnel matters through MHSB as the operating platform.
Ownership and disposal rights of the terminal assets will remain with MHSB, which will also bear all profits and losses from the port’s operations. The agreement does not require shareholder or regulatory approval.
Tanco shares closed two sen or 1.8% higher at RM1.13 on Friday, valuing the group at RM6.93 billion. The stock is up 36.14% year to date.
