PETALING JAYA: Existing volume can still be retained at Westports given its competitiveness, despite the merger of German carrier Hapag-Lloyd and United Arab Shipping Co (UASC) adding uncertainties to Westports’ outlook in 2017 to 2018 and CMA CGM signalling its intention to increasingly use the Port of Singapore, says Maybank Investment Bank (IB) Research.
The research house noted that Westports Holdings Bhd could surprise the market with a strong second quarter financial year 2016 (Q2FY16) volume growth of more than 10% year-on-year.