Westports container throughput lower in 2017, within expectations

PETALING JAYA: Westports Holdings Bhd has achieved a container throughput of about 9.0 million twenty-foot equivalent unit (TEU) for the 12-month period ended Dec 31, 2017, in keeping with its guidance of lower container volume last year.
“The result is within the volume guidance, of being lower by between 7% and 12% when compared to the previous year, provided when Westports announced the second quarter financial report in July 2017,” Westports said in a stock exchange filing.
It said the Ocean Alliance and its members are among the key clients of Westports and the former unveiled its Day One Product before the start of its services on April 1, 2017.
In December 2017, the Ocean Alliance optimised its offerings and announced the Day Two Product by adding new services, additional capacity and container ships. The services will start in April 2018.