A 17% decline in cargo volumes caused by the Covid-19 crisis has seen profits plunge 19% year-on-year at Malaysian terminal operator Westports during Q2 2020.
Westports is one of two terminal operators in Port Klang, Malaysia’s busiest container port. Overall, Westports’ Q2 profits fell MYR134.34 million (US$31.39 million) while volumes fell to 2.28 million TEU. Throughput in H1 2020 totalled 4.8 million TEU, down from 5.27 million TEU in H1 2019.
Cumulatively, Westports’ net profit for H1 2020...
https://container-news.com/covid-19-crisis-slashes-westports-volumes/