Malaysia’s Westports has disclosed that work on its MYR10 billion (US$2.4 billion) terminal expansion will begin in 2021.
This disclosure came with its third quarter results, which showed a 5.5% increase in cumulative net profit to MYR491 million (US$118.03 million), as throughput in the three months to September grew by 6% year-on-year to 2.93 million TEU. Cumulative throughput during the nine month period was 7.73 million TEU, down 4% on-year, due to the disruptions caused by Covid-19.
As a...
https://container-news.com/westports-prepares-for-terminal-expansion-in-2021/