News / Westports volumes and profits up at Port Klang, but new alliances spark concern

Port Klang terminal operator Westports reported increased profits and volumes in the third quarter, but there is still uncertainty at the Malaya transhipment hub over next year’s alliance reshuffle.

With third-quarter volumes up 9% to 2.49m teu, Westports produced a net profit of MYR151m (US$34.7m), a 16% year-on-year increase attributed to the strong volume growth and a 15% tariff hike last November.

Throughput over the first nine months of 2016 was up 10%, to 7.39m teu. Transhipment, which accounts for 75% of volumes, increased 14% on the ...