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Westports volumes fall in 2017
Westports Container Terminal

Westports volumes fall in 2017

Container volumes at the Malaysian terminal operator Westports have fallen by 9.5% in 2017.

The operator recorded volumes of 9.95m teu in 2016 and 9m teu in 2017.

This fall in volumes was not unexpected – as the company had issued guidance predicting a fall in volumes of between 7% and 12%.

In a stock exchange filing, the company predicted that volumes in 2018 would be flat or only slightly up from 2017.

Westport Container Terminal is situated in the Straits of Malacca and faces competition from terminals in the much larger port of Singapore.

On January 8,¬†the Edge Markets¬† reported that Ruben Emir Gnanalingam Abdullah’s title has been changed from CEO to group managing director.

Gnanalingam is the eldest son of Westports executive chairman and has been in his current role since 2009.