KUALA LUMPUR (Dec 5): Westports Holdings Bhd handled its record-breaking 10-millionth Twenty-Foot Equivalent Units (TEUs) today, cumulatively since the beginning of the year.
In a statement, the port operator said this makes Westports the first and only terminal in Malaysia that has handled 10 million TEUs in a calendar year.
It said the 10 millionth TEU threshold was attained after its container throughput increased by about 14% to 9.89 million TEUs during the 11 months between January and November 2019.
On a cumulative basis over the last 23 years since the container operations commenced in 1996, Westports said it has handled more than 112 million TEUs of containers.
Westports said the 10 millionth container was loaded this morning on a vessel which plies on the WAX4 Asia-West Africa service.
It said vessels on this service make their port of call at Westports and is en route to the Far East countries including China.
Westports said that as one of the main transhipment hubs in South East Asia for international container shipping companies, it is the preferred port terminal for the nation’s gateway economic trade.
The company said it is investing in the deployment of additional terminal handling equipment at Container Terminal 9 and is also planning for significant expansions at Pulau Indah to support long-term growth in the coming decades.
At noon break today, Westports gained 0.72% or 3 sen to RM4.18, valuing it at RM14.25 billion.