Posted on 19 November 2012. Tags: Asian Countries, Bernama, Berths, Cargo Volume, China Shipping, Container Cargo, Container Operations, Core Business, Economic Outlook, European Economy, Global Economic Crisis, Global Economy, Malaysia Sdn Bhd, One Million, Recession, Shipping Corp, Teus, United Arab Shipping, Westports Malaysia, World Consumption
WESTPORTS Malaysia Sdn Bhd, operator of the country’s busiest port, expects to see growth in its business for next year despite the gloomy global economy.
Its chief executive Ruben Emir Gnanalingam said despite the global economic crisis and news of the European economy in recession, consumption worldwide is increasing.
He said Westports’ cargo volume is growing due to rising demand in India and other African and West Asian countries.
“Although the economic outlook is not so good for most of the world, consumption is increasing and cargoes need to be moved from the countries manufacturing them to countries that consume them. So there is a lot of growth,” Ruben Emir said.
Westports’ core business is container operations and its major clients are CMA CGM group, China Shipping and United Arab Shipping Corp.
He said Westports is confident of handling seven million TEUs of container cargo this year.
“I think we have hit six million TEUs and so, with one million TEUS more before year-end, I think we should be almost touching it,” Ruben Emir said.
Last year, Westports handled 6.4 million TEUs.
However, he said Westports hopes to achieve eight to 10 million TEUs once its additional 300m berths and 600m berths are completed by 2014. Bernama
Posted in KELANG
Posted on 16 February 2009. Tags: Adequate Facilities, Basheer, Berth, Chief Executive Officer, Consultations, Economic Slowdown, Expansion Plans, Hassan, Last Tuesday, Managing Director, Port Klang Authority, Ports, Recession, Rm500, Wharfs
NORTHPORT is considering to delay the upgrading of one of its wharfs due to the economic slowdown.
“I understand that Northport is considering holding back the upgrade but whether they should hold it or not is another question,” Port Klang Authority general manager Lim Thean Shiang said during a briefing in Port Klang last Tuesday.
He said certain developments were necessary to cater to continued growth even though there may not be an immediately need for it.
“During recession one can only position oneself to be ready for the up and coming growth cycle, and if we do not have the adequate facilities available, how do we capitalise on such opportunities?” Lim said.
He said Port Klang would monitor the situation and hold consultations with ports on issues involving the development of the ports.
Northport managing director and chief executive officer Datuk Basheer Hassan Abdul Kader was quoted as saying in November last year that it would keep its RM500 million expansion plans on track.
The plan includes the development of a 350m container berth, bringing the container quayline at the port to a total of 3.4km.
By : btimes.com.my
Posted in KELANG
