IJM Corp port division to see better volumes

IJM is targetting a throughput of 35 million freight weight tonnes (fwt) in three years versus the peak of 26.8 million fwt in FY20.

PETALING JAYA: The volume of cargo at IJM Corp Bhd’s port division is expected to come in slightly better in the second half of the financial year 2023 (FY23).

This is partially based on falling shipping rates which are likely to improve the economics of lower value cargo, and should be further aided by a slight uptick in mining shipments.