Northport anticipates better 2H cargo movements, boosting capacity - CEO

KUALA LUMPUR: Northport (Malaysia) Bhd has earmarked capital investment to purchase 34 new pieces of terminal equipment this year to boost the port’s capacity and competitiveness as it parallels the port operator’s anticipation of improved performance in the second half of the year, said chief executive officer Datuk Azman Shah Mohd Yusof.

Without revealing the capex allocation, Azman Shah stated that Northport’s performance for the second half of 2023 is expected to be better, considering its stellar performance last year and Malaysia’s trade performance, which has remained positive despite external headwinds and uncertainties.