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Westports told to delay rate hike by another month till Nov 1

Westports told to delay rate hike by another month till Nov 1
Major Malaysian container terminal operator Westports Holdings is facing yet another setback, with its planned tariff hike being forced back by another month.

Westports said in a stock market announcement that the Port Klang Authority, the port regulator, had informed them that phase 1 of the revised tariff, which would have seen a 15% initial tariff rise, would take effect on 1 November, instead of 1 October.

The regulator did not state the reason for the further delay. The original implementation date of 1 September had already been pushed back to 1 October. The revised tariff covers container terminal handling charges for import, export, transshipment, shifting and storage charges for container, as well as handling charges for heavy lift or uncontainerised cargo.