Westports’ Volumes Drop due to Alliance Reshuffle

Malaysian port operator Westports Holdings Berhad has recorded a lower container volume than previously expected for the five-month period ended May 31, 2017.

After achieving a 1% growth in container volume to 2.4 million TEUs in the first quarter of 2017, the operator informed that it plans “to maintain similar container throughput as that achieved in 2016.”

However, Westports handled 3.95 million TEUs for the five-month period ending in May, which is lower by 3% when compared to the corresponding period last year.

“We had originally expected to still grow our volume this quarter due to an increased amount of transitional moves or ad hoc calls as a result of the changes in shipping alliances,” the port operator said, adding that these did not materialise as planned due to the fact that competition for these volumes was intense.

The realignment of the container shipping industry from April 1, 2017 saw the phasing-out of previous services under the Ocean 3 Alliance (O3), CKYHE and G6 and the gradual phasing-in of services under the new Ocean Alliance and THE Alliance.

Under O3, the company’s services were more spread out across the regions. In Ocean Alliance and THE Alliance, most of the 12 services that would be calling at Westports are more eastbound-focused services than westbound services.

With the more moderate container throughput, Westports said that it now expects the year’s overall container volume to be lower than the previous year by a single-digit percentage.

Share this article

Follow World Maritime News

In Depth>

Events>

<< Apr 2020 >>
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

Seawork 2020

Seawork is Europe’s leading commercial marine and workboat exhibition, providing businesses the opportunity…

read more >

Belgian Offshore Days 2020

During this event, a conference will be held with focus on “Increasing value by data driven innovation…

read more >

World Future Ports Summit 2020

This event will bring together ports and maritime shipping professionals from global leading companies and authorities to discuss recent digital technologies…

read more >

Europort Romania

Europort Romania is the premier maritime networking event of the Black Sea and will connect maritime technology and service suppliers with high level professionals from Romania and surrounding shipbuilding markets.

More info

read more >