Westports revenue up 15pc while 4.9 million TEU breaks H1 record
MALAYSIAN port operator Westports posted a first half 15 per cent year-on-year revenue increase to US$218 million as its terminals lifted a record-breaking 4.9 million TEU, reported London's Port Technology.
Westports continues to facilitate domestic manufacturing and economic activities as laden export containers increased five per cent, while its volume represents 76 per cent of Port Klang's first half throughput.
First half general cargo volume came to 5.5 million tonnes as Westports handled items such as wheat, soy, sugar, steel products and project cargo for domestic consumption and economic activities.
Said Westports CEO Ruben Emir Gnanalingam: "Our H1 volume has been very encouraging and resilient, given the modest regional economic growth during the period as we achieved another milestone by handling our highest-ever interim container volume of 4.9 million TEU.
"Westports also benefited from accommodating our shipping clients' ad-hoc handling requirements as they introduced larger vessels into their existing container shipping services," he said.
"There will be realignment in the container shipping industry next year as key liners in existing container shipping alliances form new and different alliances next year," Mr Gnanalingam said.
"As a terminal operator, Westports will continue to support our shipping clients' regional transshipment requirements with cost competitive, world-class productivity level of services and also expanding container terminal facilities." he said.
MALAYSIAN port operator Westports posted a first half 15 per cent year-on-year revenue increase to US$218 million as its terminals lifted a record-breaking 4.9 million TEU, reported London's Port Technology.
Westports continues to facilitate domestic manufacturing and economic activities as laden export containers increased five per cent, while its volume represents 76 per cent of Port Klang's first half throughput.
First half general cargo volume came to 5.5 million tonnes as Westports handled items such as wheat, soy, sugar, steel products and project cargo for domestic consumption and economic activities.
Said Westports CEO Ruben Emir Gnanalingam: "Our H1 volume has been very encouraging and resilient, given the modest regional economic growth during the period as we achieved another milestone by handling our highest-ever interim container volume of 4.9 million TEU.
"Westports also benefited from accommodating our shipping clients' ad-hoc handling requirements as they introduced larger vessels into their existing container shipping services," he said.
"There will be realignment in the container shipping industry next year as key liners in existing container shipping alliances form new and different alliances next year," Mr Gnanalingam said.
"As a terminal operator, Westports will continue to support our shipping clients' regional transshipment requirements with cost competitive, world-class productivity level of services and also expanding container terminal facilities." he said.