Westports expected to lift record 10m TEU this year
GROUP managing director Westports Holdings, Datuk Ruben Emir Gnanalingam, says container throughput is expected to reach an all-time high of more than 10 million TEU this year, accounting for about 80 per cent of Port Klang's overall container volume
GROUP managing director Westports Holdings, Datuk Ruben Emir Gnanalingam, says container throughput is expected to reach an all-time high of more than 10 million TEU this year, accounting for about 80 per cent of Port Klang's overall container volume.
'Westports has been the fastest-growing terminal at Port Klang over the past 25 years. We should be able to achieve a double-digit percentage growth rate in 2019 over the previous year based on our current growth momentum,' Mr Gnanalingam said in a statement.
Westports recorded 9.5 million TEU in the year ended December 31, 2018 (FY18), up 5.6 per cent against 9 million in FY17 but lower than the 9.9 million registered in FY16, according to the group's annual report.
Mr Gnanalingam said Westports is finalising the layout design for the expansion of its container terminal facilities and additional wharves for the conventional business segment, reports The Edge Financial Daily, Kuala Lumpur.
'These expansions would pave the way for significant further growth in the coming decades as we serve our customers, international container shipping alliances and local logistics stakeholders,' he said.
Westports, which is involved in container and conventional cargo handling and the provision of other port services, commenced operations in 1994 and was one of the privatisation initiatives under the then and now prime minister, Dr Mahathir Mohamad.
In the past 25 years, Westports has handled a cumulative total of more than 110 million TEU, 250 million tonnes of many types of conventional cargo. By weight, the total shipment handled is more than 1.3 billion tonnes.