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