Shanghai lockdown may impact Westports

“We expect to see a spillover effect on Westports, potentially negatively impacting its first half throughput volume this year, despite its yard utilisation rate easing to below 80% currently,” Hong Leong Investment Bank (HLIB) Research said in its report.

PETALING JAYA: Shipping group Westports Holdings Bhd is likely to be impacted by the Covid-19 lockdown in Shanghai.

The company may also be affected by the ongoing geopolitical tensions from the Russia-Ukraine war which are putting a strain on global supply chains.