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Malaysia's Westports 2017 volume falls 10.5pc to 9 million TEU
MALAYSIA's Westports has announced that annual container throughput for 2017 declined 10.5 per cent year on year to nine million TEU, ending two years of record-breaking volumes.
The drop in volumes was attributed to the realignments of mega shipping line alliances.
The contraction in volume was earlier flagged by the port operator at its second quarter results briefing and is in line with its expectations.
"The result is within the volume guidance of being lower by between seven and 12 per cent when compared to the previous year," Westports said, reported Colchester's Seatrade Maritime News.
While Westports has held on to it key transshipment hub role for the OCEAN Alliance, it appears to have lost some calls from THE Alliance.
Westports acknowledged that the OCEAN Alliance and its members are among its key customers. With April launch of its new products involving new services, additional capacity and vessels, Port Klang continues to be one of the grouping's leading transshipment hubs in the region.
The drop in volumes was attributed to the realignments of mega shipping line alliances.
The contraction in volume was earlier flagged by the port operator at its second quarter results briefing and is in line with its expectations.
"The result is within the volume guidance of being lower by between seven and 12 per cent when compared to the previous year," Westports said, reported Colchester's Seatrade Maritime News.
While Westports has held on to it key transshipment hub role for the OCEAN Alliance, it appears to have lost some calls from THE Alliance.
Westports acknowledged that the OCEAN Alliance and its members are among its key customers. With April launch of its new products involving new services, additional capacity and vessels, Port Klang continues to be one of the grouping's leading transshipment hubs in the region.
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