Westports Marks Double-Digit Container Volume Growth

Westports Marks Double-Digit Container Volume Growth

Malaysian port operator Westports Holdings Berhad saw a 17% increase in container throughput at its Port Klang in the quarter ended March 31, due to added handling capacity and a surge in the transhipment throughput.

Westports handled 2.26 million TEUs in the first quarter of 2015 , with the 20% increase in throughput volumes, reflecting, among others, the positive contribution from the Ocean Three Alliance (O3) which uses Westports as their shipping hub in this region.

Westports also handled all-time high 794,600 TEUs in March 2015, supported by the increased capacity from the newly completed Container Terminal 7.

Increased container volumes generated a 11% spike in Westports’ operational revenue, which stood at RM 387 million (USD 107.5m). The group’s profit after tax increased by 10% to RM 120 million.

”The year started on a very positive note as we achieved a remarkable container throughput growth of 17% in the 1st Quarter of 2015,” Ruben Emir Gnanalingam, the Chief Executive Officer of Westports, said.

”To cater for the increasing container volume, we have commenced on our Container Terminal 8 expansion, which phase-one is expected to complete in early 2016 and phase-2 by mid-2017. Our container handling capacity will be increased from the current 11 million TEU to 13.5 million TEUs by then.”


Share this article

Follow World Maritime News

In Depth>


<< Nov 2019 >>
28 29 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

Maritime Reconnaissance and Surveillance Technology

As varied threats in the Mediterranean Sea continue to proliferate, the need to advance…

read more >

CrewConnect Global 2019

CrewConnect Global is the leading forum for collaboration to advance new industry approaches to seafarer recruitment and training.

read more >

CruiseConnect Global 2019

Attend CrewConnect Global and stay on for the CruiseConnect Summit to take part in an industry-wide conversation focused…

read more >

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >