Container volume growth a potential for Westports

MIDF Research estimates that 4Q24 container volume could range between 2.7 million TEUs and 2.9 million TEUs.

PETALING JAYA: The Intra-Asia trade lane is expected to drive the overall container volume growth for Westports Holdings Bhd, according to MIDF Research.

The trade lane has been the key contributor to gateway container growth, with import and export volumes rising by 14% year-on-year (y-o-y) and 8% y-o-y, respectively, in the third quarter of financial year 2024 (3Q24).