After two years of record-breaking volumes, annual container throughput at Westports has slowed in 2017, finally impacted by the dramatic realignments in the liner alliances.
The Malaysian port operator said in a stock market announcement that annual throughput for 2017 was 9.0m teu, down from the 9.95m teu posted in 2016.
The fall in volume was however flagged by the company 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 7% and 12% when compared to the previous year,” Westports said.
While Westports has retained it key transhipment hub role for the OCEAN Alliance, it seems to have lost some calls from THE Alliance.
Westports acknowledged that the OCEAN Alliance and its members are amongst its key clients. With the launch of its new products involving new services, additional capacity and vessels starting in April, Port Klang continues to be one of the grouping’s leading transhipment hubs in the region.