Westports Sets New Box Volume Record

Image Courtesy: Westports

Malaysian port operator Westports Holdings Berhad (Westports) revealed that its container operations achieved another record-breaking year by handling 9.95 million TEUs in 2016, an increase of 10% over the previous year’s 9.05 million TEUs.

The company said that the continued strong growth of transshipment containers supported the overall growth.

Gateway volume complemented by achieving much-improved growth in the latter part of the year as Westports continued to facilitate domestic economic activities. The volume of laden export containers increased by 6% in 2016 while laden import containers grew more moderately by 1%, according to the port operator.

“Over the course of 2016, Westports has also benefited from shipping clients’ ad-hoc handling requirements as they introduced larger vessels into their existing container shipping services,” Ruben Emir Gnanalingam, Chief Executive Officer of Westports, commented.

“Westports has grown tremendously over the last two decades by supporting our shipping clients’ regional transshipment requirements and facilitating domestic economic activities. The impending realignment in the container shipping industry this year will result in a lesser number of but significantly larger alliances. As these larger alliances optimise their network and services, they would also optimise their port of calls and services,” Westports’ CEO added.

Furthermore, conventional throughput in 2016 increased by 15% to 11.8 million tons as Westports handled a higher volume of dry bulk commodities. Breakbulk tonnages coming through the port for domestic applications and economic activities have also increased. In addition, bunker operations contributed to the improved throughput at the liquid bulk facility.

Both container and conventional operations contributed to the group’s improved financial performance for 2016. The firm’s gross profit went up by 12% to MYR 991 million (USD 222.7 million) in 2016 from MYR 882 million posted in the previous year. In addition, Westports’ operational revenue rose by 14% to MYR 1.8 billion in 2016 from MYR 1.6 billion seen in 2015.

In mid-2016, the group completed the Container Terminal 8 (CT8) Phase 1 expansion. The latest CT8 Phase 2 expansion is on schedule, and the additional 300-meter wharf facility is expected to be completed by mid-2017. By then, Westports would have taken delivery of additional ship-to-shore (STS) cranes and also rubber tyred gantry (RTG) cranes. Together with the added wharf facility, these additional terminal operating equipment would enhance Westports’ total container handling capacity to 12.5 million TEUs per annum, the port operator explained.

The latest facility expansion, the Container Terminal 9 (CT9) Phase 1, commenced in the second half of 2016 due to high utilisation of existing container terminal facilities at Westports. The CT9 expansion will entail the construction of a 600-meter wharf and additional equipment such as STS and additional RTG cranes. The CT9 Phase 1 is expected to be completed by the end of 2017.

“The record container volume handled and active terminal utilisation of the recently completed CT8 Phase 1 facilitated the need to commence with CT9 Phase 1 expansion to meet the future requirements of our shipping customers and also raise the overall terminal handling capacity at Port Klang,” Gnanalingam further said. 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Nov 2017 >>
MTWTFSS
30 31 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 1 2 3

Maritime Information Warfare 2017

Maritime Information Warfare will focus on the growing need for navies to develop their information exploitation capabilities…

read more >

INTERNATIONAL GREEN SHIPPING AND TECHNOLOGY SUMMIT

The Summit will gather key marine experts and companies around the globe which have a big influence in the industry…

read more >

The CWC 18th Annual World LNG Summit & Awards Evening

The CWC World LNG Summit will continue to give you access to premium networking opportunities as it brings together the who’s who…

read more >

Marintec China 2017

The largest maritime event in Asia Pacific, Marintec China connects maritime professionals from the entire shipbuilding supply chain together.

Over the years, Marintec China has grown to reflect the size and importance of the Asian maritime market. 2015 event is another record-breaking edition with the largest exhibition area and the highest number of industry professionals attending ever. The encouraging figures proven that China remains one of the major shipbuilding nations and Marintec China has been the most authoritative platform in Asia.

With the maritime industry facing great opportunities but also many challenges, it is important for the industry to connect and engage more to ultimately win new business in globally-significant markets. A visit to Marintec China is a great way to learn about the latest technology and innovation of the supply industry, a platform for industry professional to meet face to face, make connection and do business.

Marintec China is poised to be the definitive event and is undoubtedly a must-attend for all involved in the maritime industry.

Marintec China will be held from 5 to 8 December 2017 at the Shanghai New International Expo Centre in Shanghai, China and continue its dedication to serve as the “LEADING” platform “CONNECTING” the community and “STRENGTHENING” the maritime industry.

Marintec China offers the perfect opportunity for companies serving the maritime market to showcase their innovations, products and services to a wide audience. A platform for face to face meetings in business, creating new relationships and consolidating existing ones.

More info

read more >