Li Ka-shing, Asia’s richest man, seems very busy at the moment, apparently reorganising his vast portfolio. Last Friday, his partly owned Westports Holdings, a terminal operator based in Malaysia’s Port Klang, launched its IPO to raise about $680m to distribute among shareholders. This article looks at how Westports attracts shipping lines, and asks how the new P3 alliance might affect this competitive part of the world.
By Alex Lennane