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  necro http://www.focusmalaysia.my/Mainstream/westports-hit-by-shipping-alliances New shipping alliances, which starting sailing last month, have inevitably impacted port operators at Port Klang, including Westports Holdings Bhd, as some liners are diverting their port calls to Singapore. Not only are the operators affected, importers and exporters of goods also have to bear higher costs as it would be more expensive to load or unload them at the republic’s port. “Most, if not all, importers and exporters do not like transhipment because of extra time taken at the Port of Singapore Authority. If you miss a connecting vessel, you need to wait for a few days. This will cause delay in the final delivery time. Direct vessel is always the best option for exporters and importers. They do not lose out on forex (foreign exchange) as well,” says an industry player. 21/05/2017 10:43  SapuMalaysia 希望能再跌多多一点，慢慢收。。当所有人都在专注炒作马云效应物流股的时候，他们忘了马云自己带了包办淘宝70%便递的物流公司团队一起过来数码dfz... 唯一不能改变的就是所有的海运通通需要经过最重要的港口.... 26/05/2017 12:06  Azman Sahrim congrats sapa ada beli wprts ...for sure will fly to 4.30 this coming week...hari raya present 31/05/2017 21:15  James Ng http://www.bursamalaysia.com/market/listed-companies/company-announcements/5491237 Cash generated from operating activities increased from RM399305000 to RM473358000, clearly a superior cash cow. 20/07/2017 14:54 Win188 EPF bought 2.7milions shares http://klse.i3investor.com/insider/substantialShareholder/5246/15-Aug-2017/405419_2570145491.jsp 15/08/2017 18:24 necro destined to doom!!! (Sept 11): Business at Malaysia's main shipping hub in Port Klang has taken a hit this year as major shipping companies shift their operations to Singapore under new alliance agreements, industry officials say. This has raised questions over the aggressive plans by Kuala Lumpur to build new harbours and rail links along the Strait of Malacca, one of the world's busiest maritime trade routes. Many of these are partnerships with Beijing, yet the Ocean Alliance - which includes state-owned China Cosco Shipping, the world's fourth-largest player - made a huge shift from Klang to PSA Singapore's terminal in April. The Straits Times understands that this has added to concerns in the industry over China's commitment to supporting the logistics industry in Malaysia. Beijing and Kuala Lumpur had been talking up joint transport infrastructure in Malaysia, such as last month's launch of the RM55 billion (S$17.6 billion) East Coast Rail Link to be built and financed by China. The project will link Port Klang to Kuantan Port which faces the South China Sea, in what Prime Minister Najib Razak called an "alternative trade route" to Singapore. "Only Kuantan Port has Chinese equity so far because it also aids Beijing's South China Sea claims. Other infrastructure plans have either not taken off or are only loans, or worse, just Chinese companies winning construction deals," former Port Klang Authority chairman Lee Hwa Beng told The Straits Times. Data compiled from Northport and Westports, the two operators in Klang, showed that after nearly four years of increasing loads, cargo throughput was down a sharp 8.4 per cent in the second quarter of this year to 3 million twenty-foot equivalent units (TEU). This followed a flat first quarter of 0.9 per cent growth. Westports, which controls three- quarters of Klang's total capacity, "is now conservatively guiding 2017 volume may decline 7-12 per cent", and next year's prospects remain "murky", according to UOB-Kay Hian's analyst Kong Ho Meng. The new alliance agreements' biggest impact on Klang was the loss of transshipment volumes - goods stored before being shipped to their final destination - from giants United Arab Shipping Company (UASC) and France's CMA CGM. This could total up to 2 million TEU annually. UASC has now merged with Germany's Hapag-Lloyd, making it part of THE Alliance, while CMA CGM is the biggest company in the rival Ocean Alliance. Both groups, which handle nearly half the world's shipping capacity, started realigning in April, resulting in more than half of Klang's Asia-Europe calls being shifted to Singapore, said industry officials. CMA CGM and Cosco have naturally gravitated to Singapore as both have major investments there. PSA saw a 9.6 per cent jump in the second quarter to 8.5 million TEU. Among the world's top 20 ports, Klang was one of only two, the other being Tanjung Pelepas on the south coast of Johor, to see a drop in volume in the first half of this year. The slowdown added to concerns of oversupply due to plans for new China-backed megaports like the RM43 billion Melaka Gateway and on Carey Island, which sits just off Klang. Both government and industry sources told The Straits Times that Chinese companies earmarked to take a stake in these two projects have had reservations over their viability. The planned port for Carey Island now has an Indian partner, with its mooted valued halved to RM100 billion. Surprisingly, the government last month gave Westports permission to double its capacity to 30 million TEU - which is as much as what PSA handled last year - despite its volume shrinking in the year to date. "We are still unsure of the need for the group to expand its capacity to the level mentioned as the talk of a third port in Klang is gaining traction," said Hong Leong Investment Bank's analyst Lim Sin Kiat. Still, the Malaysian government is insisting that cargo volumes are set to rise as the country strengthens connectivity with southern Thailand and Sumatra across the Strait of Malacca. "Only the transshipment volume came down a bit but our local volume increased. We can see a strong growth in Malaysia, especially our economic production," Transport Minister Liow Tiong Lai said last Monday. He added that "we have a very good relationship" with Cosco, which is "confident about Malaysia", and played down as an "internal working operations issue" the fast-expanding firm's investment in container berths in Singapore. 11/09/2017 17:25  speakup http://www.themalaymailonline.com/malaysia/article/why-malaysian-ports-are-losing-out-to-singapore Warren Buffet say "BUY WHEN OTHERS FEAR!!!!" Load up boyz! 14/09/2017 09:12 AdCool Wah...Why Westports dropped a lot all of sudden? Just because of lower TEUs? 16/11/2017 14:11 AdCool With Westports dropping that much,pointing to economy recession in 2018 then. 05/12/2017 18:07 AdCool Knee reaction perhaps but since Westports isn't a retail play kinda counter, it won't fluctuate that much. Just see its trading pattern for the last 3 months. One day go down a lot next day recover back and it cont the cycles of up and down 20/12/2017 18:23 AdCool Was trying to check on previous case of bills of demand by Royal custom. Apparently Carlsberg was served the same bill back in Sept 2014 but up until now, Carlsberg is still disputing on that. 3 years ++. Guess this could be the same for Westports unless Custom willing to have settlement which proposed by Westports. Else, they can wait and dispute on this for years to come. 21/12/2017 17:51 mf http://www.astroawani.com/berita-dunia/amerika-jangan-main-main-jari-saya-sentiasa-dekat-dengan-butang-nuklear-kim-jong-un-164440 01/01/2018 13:14 10208850616573818 Since last November untill today vessel coming to Westports increase drastically... 10/01/2018 14:06 Anti_debt https://www.thestar.com.my/business/business-news/2018/01/20/debt-raising-vital-for-khazanah-stable-of-enterprises/ 21/01/2018 19:25 Wei Wong Wow good news .. https://www.facebook.com/theedgemalaysia/posts/10156196599458086 08/02/2018 15:26 shpg22 NP up mostly on tax incentive. Excluding the effect, profit before tax decreased by -17%, which is a poor result. But this is offset by decent increase in dividend. 08/02/2018 22:22 Ginny88 Please read the quarterly result properly. Its recent PAT is due to tax incentive. Growth is not as stellar as last time due to changes in alliance. 08/02/2018 22:37 pretty_life Watch out guy....it going to boom Soon...3.8 will touch soon...get ready...huat ar 12/02/2018 12:00 AdCool Westports did not join either rally or downtrend. It just hang on tightly as it is considered neither BN friendly nor Pakatan friendly. 14/05/2018 14:10  |
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