Major Malaysian container terminal operator Westports Holdings is facing yet another setback, with its planned tariff hike being forced back by another month.

Main Port Klang terminal operator Westports Holdings has gotten the green light to raise rates by 15% from Sept 1 with a further 15% rise slated to take effect from Sept 1, 2018, the company said in a statement.

Malaysian port operator Westports Holdings saw second quarter net profit barely changed at MYR122.1m ($31.8m) from MYR122.5m a year ago, according to a stock market release.

Westports Malaysia will boost cargo handling capacity to 13m teu from 11m teu, with the completion of its Container Terminal 8 (CT8) by mid-2017, local reports said.

Malaysian port operator Westports Holdings has allocated MYR500m ($140.2m) in capital expenditure (capex) for this year, of which MYR400m will be used for its Container Terminal 8 (CT8) phase one construction, local reports said

Dominant Malaysian port operator Westports Holdings is confident that its fortunes lie in the Asean market and is looking for a suitable merger and acquisition (M&A) target, local reports quoted ceo Ruben Emir Gnanalingam as saying in an interview.

Malaysian port operator Westports Holdings has posted a record net profit rising 17.7% to MYR512.2m ($141.2m) for 2014 from MYR435.3m previously, as fourth quarter gains jumped 6.6% to MYR139.8m.

Malaysian stock market data has shown that Khazanah Nasional has started its divestment in Westports, seliing 161.52m shares in an off-market transaction.

Malaysian sovereign wealth fund Khazanah Nasional is reportedly looking to divest its stake in major port operator Westports Holdings, local reports said.

Port Klang's main terminal operator Westports Holdings saw almost flat second quarter net profit growth of MYR122.5m ($38.7m) from MYR119.6m in the previous corresponding period. Revenue rose 2% to MYR409.0m from MYR401.23m previously.