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Port Klang Forecasts Double-Digit Container Growth 17-Jan-2011

Strong growth supported by long-term large clients


Port Klang, Malaysia's largest container port, expects double-digit growth in fake rolex watches cargo this year, the Port Klang Authority said.


Its chairman, Datuk Lee Hwa Beng, said Port Klang handled 8.9 million 20-foot equivalent units last year, a 21 percent increase over the

7.9 million TEUs it handled in 2009.


"In recent years, despite the recent economic crisis, Port Klang has posted relatively healthy growth figures," he said Thursday. "The strong support from our leading clients such as CMA CGM has been a strong driving force in the performance expansion in Port Klang for many years," he said in an interview with Bernama, the rolex replica for sale Malaysian news agency.


He said CMA CGM contributed approximately 20 percent or 2.3 million TEUs of Port Klang's total throughput volume in 2010.


CMA CGM, the world's third-largest shipping line, uses the Westports container terminal in Port Klang as a transshipment hub for the region, including transshipment by its subsidiaries Delmas, Australian National Line, and Taiwan-based ChengLi Navigation.



The family-owned CMA CGM suffered huge losses during the 2009 recession and was forced to take on outside investment as a condition for restructuring its estimated 5.3 billion in debt to creditor banks.

Source: The Journal of Commerce Online - News Story, 13 January 2011

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