| NST, Dec
19th, 2002 - Westport expects
to sustain robust container
traffic growth at a rate twice
that of the country's gross
domestic product growth, which
is targeted to reach 2.5 million
TEUs next year.
Since it began
operations, Westport has recorded
steady growth in container traffic
volume from 120,000 twenty-foot
equivalent units (TEUs) in 1997
to 1.45 million in 2001. This
year it is expected to reach
2.2 million TEUs.
"The growth of
Westport requires high productivity
compared to competitive rate
structures, fast turnaround
of ships and fast flow of the
inventory of manufacturers,"
Westport's executive chairman
Tan Sri G. Gnanalingam said.
In a statement,
he said Westport is prepared
to meet the growth by continuing
to be supply-driven.
"However, to
achieve our targets, we need
continued assistance, support
and improvements from the various
authorities, including the Customs
and Maritime departments.
"Most of all,
we are very fortunate because
the Government leaders and civil
servants are truly appreciative
of the financial implications
for being supply-driven, as
opposed to growth based just
on demand," Gnanalingam said.
He said managing
terminals, like shipping, has
become a global activity and
hence strategic partnerships
are needed to add value and
enhance the port's position.
In mid-2000,
Westport formed a strategic
alliance with Hutchison Port
Holdings, the world's largest
independently-owned port operator.
The partnership
has given Westport access to
technology, information technology
systems and productivity ratios
at 18 terminals throughout the
world.
Hutchison owns
ports in Hong Kong, China, Rotterdam,
the UK, Myanmar Indonesia and
the Caribbean.
"The ultimate
aim of this strategic partnership
with Hutchison is to turn Westport
into a megahub that will provide
efficient and reliable deepwater
berthing and handling services
second to none in the region.
"This in turn
will enable Westport to tap
into markets that were previously
far beyond it's reach," the
statement said.
Another key factor
in the port's continued increase
in volume is the strong support
from its loyal customers.
A total of 24
shipping lines call at Westport
on a regular basis, and among
them are some of the world's
leading names in the shipping
industry.
These include
French consortium CMA-CGM, South
Korea's largest shipping line
Hanjin, CSCL or China Shipping,
and two of the world's largest
shipping lines - Evergreen and
Maersk.
Its alliance
with Evergreen grew by leaps
and bounds with 200,000 TEUs
shipped this year, while Maersk
contributed 100,000 TEUs as
well as added direct calls to
it.
"While its customers
have acknowledged Westport's
efficiency as being on par with
the world's best, the port continues
to be fully dedicated towards
developing innovative approaches,
introducing new concepts to
the industry and performing
consistently above the industry
standards," the statement added.
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