The new alliances begin operations on April 1, but an analysis of the networks reveals a surprising cut in the number of direct port-to-port connections.
The impact of the impending merger between Chinese state-owned shipping giants Cosco and China Shipping on Malaysia's Westports would be cushioned by CMA CGM's planned buyout of Neptune Orient Lines, according to CIMB Securities.
The World Bank is assisting Malaysia to develop a national port strategy to better position its ports sector as a critical facilitator of economic growth.
Malaysia plans to invest millions of dollars into the transportation infrastructure supporting Port Klang in an effort to boost exports out of the country’s main maritime gateway.
Malaysia’s port of Tanjung Pelepas (PTP) passed the 8 million 20-foot container mark at the beginning of December, although with less than a month left and volumes slowing down, the 2014 throughput target of 9 million TEUs looks well out of reach.
Asia’s ports reported strengthening of container throughput in the first half as the economic recovery of the U.S. and Europe drove up consumer spending and new export orders flooded into Chinese factories.
A strike by truck drivers at Malaysia’s key gateway of Port Klang continued Thursday, preventing drayage movement of containers in and out of terminals operated by Westport and Northport stevedo
Westports Malaysia in the first half saw volume rise 17 percent year-over-year to 3.1 million 20-foot container equivalent, as the port operator expands at Malaysia's top container gateway.