Westports 2: A Game-Changer for Container Hauliers
In September 2024, Westports launched its RM 12.6 billion expansion project that will transform Port Klang's container handling capabilities. The expansion will double capacity from 14 million to 28 million TEUs by 2028, creating unprecedented opportunities for hauliers.
For container hauliers, this expansion means:
- Doubled haulage demand - More containers = more prime movers needed
- Long-term contracts - Secure preferred haulier status with shipping lines early
- Fleet expansion opportunities - Growing demand requires more equipment
- Competitive advantage - First movers get the best contracts
Port Klang's 2024 Achievement: Top 10 Globally
Port Klang achieved a historic milestone in 2024 by becoming the world's 10th busiest container port, handling 14.64 million TEUs (up 4.1% from 2023). Westports alone handled 10.98 million TEUs, a record high.
2024 Milestones
- Ranked 10th globally among busiest container ports (up from 13th)
- Westports handled 10.98 million TEUs in 2024 (record high)
- 4.8 km additional quay length (CT10-CT17)
- Concession extended until 2082 (58-year extension)
Financing Your Fleet Expansion
To capitalize on Westports expansion, you need the right equipment. Ing Heng Credit makes prime mover financing accessible with:
0% Down Payment
Preserve your cash flow for operations, driver recruitment, and GPS compliance while expanding your fleet.
24-Hour Approval
Fast financing helps you secure contracts before competitors. WhatsApp your documents for immediate processing.
Up to 7 Years Tenure
Longer tenure means lower monthly payments, helping you manage cash flow while building your fleet.
Rates from 2.88% p.a.
Competitive flat rates help you maximize profitability while investing in growth.
Westports Expansion Timeline
Phase 1 (CT10-13): Started Q3 2024
- CT10 operational: Q2 2027
- CT11 operational: Q2 2029
- Phase 2 (CT14-17): To follow
Action Item: Secure your financing now to be ready when new terminals open. Early movers get preferred haulier status.
Required Documents for Prime Mover Financing
What You Need to Apply
- Company Registration (SSM) - Form 9 & 24/49
- Bank Statements - Latest 3 months
- IC Copy - MyKad of all directors
- Prime Mover Quotation - From dealer or seller
Frequently Asked Questions
How will Westports expansion affect prime mover demand?
Westports expansion from 14M to 28M TEUs by 2028 will double container handling capacity, creating significant demand for prime movers. Hauliers who expand their fleets now can secure preferred status with shipping lines and long-term contracts.
What is the minimum down payment for prime mover financing during expansion?
Ing Heng Credit offers 0% down payment for qualified applicants. This allows hauliers to preserve cash flow for operations, driver recruitment, and GPS compliance systems while expanding their fleet.
How fast can I get approved for prime mover financing?
We provide approval within 24 hours for complete applications. With Westports expansion creating urgency, fast financing helps you secure contracts before competitors. WhatsApp your documents for immediate processing.
Can new haulage companies get prime mover financing?
Yes! We finance new companies entering the Port Klang haulage market. Requirements include company registration (SSM), bank statements, and director IC. We work with businesses of all sizes to help them grow.
What is the loan tenure for prime mover financing?
Prime mover financing tenure extends up to 7 years (84 months). Longer tenure means lower monthly payments, helping you manage cash flow while building your fleet for Westports expansion opportunities.