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Westports gets approval for 15% rate rise from Sept

Westports gets approval for 15% rate rise from Sept
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.

The two-phased rate rise, the first in 14 years, Westports noted, will result in an average approximate increase of 15% on key container tariff items, particularly terminal handling charges (THC) at the outset and an overall 30% rise by 2018, it said.

The revised tariff covers container terminal handling charges for import, export, transhipment, shifting and re-stow, storage charges for containers, and handling charges for heavy lift or uncontainerised cargo.

“The revised tariff covers many components and the phased implementation is to ensure that sufficient notice has been given to industry players to realign their processes.

“The tariff revision is crucial to ensure the future growth of Port Klang, which has always been supply-driven on terminal facilities and expansion," Westports concluded.