MALAYSIA's Westports Holdings handled 10.5 million TEU in the 2020 financial year ending December 31, the second highest ever in its history and was only three per cent less than the previous year's record volume.
This was despite the worst pandemic in a century and its pervasive subsequent global adverse effects, according to Malaysia's The Star.
In a filing with Bursa Malaysia, the nation's stock exchange, the company said Westports was the first and still is the only port in Malaysia that handles more than 10 million TEU of container throughput in a year.
Group managing director Datuk Ruben Emir Gnanalingam Abdullah is of the view that economic growth should recover in 2021 after a pandemic ravaged year and expected a single-digit container throughput growth level.
The vaccination programme roll-out worldwide should pave the way for a gradual recovery in economic activities while the fiscal stimulus is bolstering economic activities in many countries, he said.
'Peering into the longer term, the slight congestion experienced by Westports at the end of 2020 and constraints experienced by many ports abroad reaffirmed our vision of the need to undertake the proposed mega container terminal expansion that we have been planning for in recent years.
'Westports' new expanded facility would double the total container terminal's handling capacity and enhance total yard space significantly. The eventual expansion to CT17 will anchor Westports and Port Klang as one of the pre-eminent transshipment hubs in Southeast Asia,' he added.
SeaNews Turkey
This was despite the worst pandemic in a century and its pervasive subsequent global adverse effects, according to Malaysia's The Star.
In a filing with Bursa Malaysia, the nation's stock exchange, the company said Westports was the first and still is the only port in Malaysia that handles more than 10 million TEU of container throughput in a year.
Group managing director Datuk Ruben Emir Gnanalingam Abdullah is of the view that economic growth should recover in 2021 after a pandemic ravaged year and expected a single-digit container throughput growth level.
The vaccination programme roll-out worldwide should pave the way for a gradual recovery in economic activities while the fiscal stimulus is bolstering economic activities in many countries, he said.
'Peering into the longer term, the slight congestion experienced by Westports at the end of 2020 and constraints experienced by many ports abroad reaffirmed our vision of the need to undertake the proposed mega container terminal expansion that we have been planning for in recent years.
'Westports' new expanded facility would double the total container terminal's handling capacity and enhance total yard space significantly. The eventual expansion to CT17 will anchor Westports and Port Klang as one of the pre-eminent transshipment hubs in Southeast Asia,' he added.
SeaNews Turkey