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Westports box volume to grow by 5pc in next 10 years

Westports Malaysia Sdn Bhd, the operator of Westports in Port Klang, expects its container volume to grow by 5 per cent in the next 10 years, as it celebrates its 15th year in business.

  
"Container volume grew by 9 per cent in the last 10 years, with a jolt in 2008/2009. Looking at the current world economy, to have 5 per cent growth in the next 10 years is the best we can look forward to," Westports executive chairman Tan Sri G. Gnanalingam told Business Times via an email interview.

 
Westports celebrated its 15th anniversary on September 10 2009. Gnanalingam said he is confident that Westports will be able to meet its 4.5 million TEUs target by the end of this year.

 
"We are quite confident of sustaining this volume and of course will try to achieve 5 million TEUs by 2010," he added.

 
Gnanalingam also said in the last 15 years, Westports has not only managed to become among the top five ports in the world in terms of productivity, but assisted Port Klang in becoming the 15th largest port in the world, handling some 8 million TEUs (20-ft equivalent-units).

 
He said one thing ports can learn, after having to contend with the economic crisis, was that it needs to be prudent in terms of expansion capacity.

 
"However, we will continue to be supply driven and efficient to attract more shipping lines. As the 17th largest trading nation, we not only need efficient ports, but also more shipping lines to take our cargo."

 
Source: NST

               

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