Westports: No impact on cargo volumes from P3 alliance

Westport CEO Ruben Emir Gnanalingam says there would be some re-routing of services out of Westports once the P3 alliance, involving CMA CGM Group, Maersk Line and Mediterranean Shipping Co, come into effect mid-2014, but the reduced capacity would be mitigated by the growth of cargo handling underpinned by robust global trading environment.

KUALA LUMPUR: Port operator Westports Holdings Bhd does not foresee any material impact on cargo volumes with the commencement of the P3 alliance.

"The reduced capacity after the P3 alliance come into service is less than 5% while we are expecting cargo handling to grow by 5% to 10% or between 350,000 and 700,000 TEUs (twenty-foot equivalent units) this year," he told reporters after the company's inaugural annual general meeting since its listing on Wednesday.