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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.

Vincent Wee, Hong Kong and South East Asia Correspondent

September 23, 2015

1 Min Read
Kalyakan - stock.adobe.com

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.

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About the Author

Vincent Wee

Hong Kong and South East Asia Correspondent

Vincent Wee is Seatrade's Hong Kong correspondent covering Hong Kong and South China while also making use of his Malay language skills to cover the Malaysia and Indonesia markets. He has gained a keen insight and extensive knowledge of the offshore oil and gas markets gleaned while covering major rig builders and offshore supply vessel providers.

Vincent has been a journalist for over 15 years, spending the bulk of his career with Singapore's biggest business daily the Business Times, and covering shipping and logistics since 2007. Prior to that he spent several years working for Brunei's main English language daily as well as various other trade publications.

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