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WESTPORTS-IPO/SHIPPING
RTX14F8M 
October 17, 2013 
Westports headquarter building is seen their container facility in Pulau Indah outside Kuala Lumpur October... 
Klang, Malaysia 
Westports headquarter building is seen their container facility in Pulau Indah outside Kuala Lumpur 
Westports headquarter building is seen their container facility in Pulau Indah outside Kuala Lumpur October 17, 2013. Malaysia's Westports Holdings says it treats container ships like Formula One race cars as they ply their way through the 900-km long Malacca Straits that link Europe and the Middle East to Asia. Calling itself a pit stop, the port operator derives 70 percent of its revenues from transhipments where super-sized ships move containers carrying finished goods to smaller vessels for transport to nearby markets. Its aim is to shift 35 containers an hour instead of the industry-standard 25, a feat it compares to F1 pit crews turning around a race car in seconds. When Westports debuts on the Kuala Lumpur stock exchange, it is expected to boast a market value of $2.7 billion to become the largest listed port operator along the Malacca Straits, which carries 40 percent of global shipping trade. REUTERS/Samsul Said (MALAYSIA - Tags: BUSINESS) 
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