NEWSROOM
Home
Corporate Information
Governance
Investor Relations
Stock Information
Newsroom
Information Request

Bursa Announcements

Date: 10 August 2018

OTHERS WESTPORTS HOLDINGS BERHAD ("THE COMPANY" or "WESTPORTS"): REVISED CONTAINER TARIFF AT PORT KLANG


Type Announcement
Subject OTHERS
Description WESTPORTS HOLDINGS BERHAD ("THE COMPANY" or "WESTPORTS"): REVISED CONTAINER TARIFF AT PORT KLANG

(Unless otherwise stated, all definitions and terms used in this announcement shall have the same meaning as defined in the announcements dated 6 August 2015, 20 August 2015 and 22 September 2015 in relation to the Revised Container Tariff at Port Klang)

Reference is made to the announcement dated 6 August 2015 in respect of the revised container tariff at Port Klang and the two subsequent announcements dated 20 August 2015 and 22 September 2015.

On the implementation of Phase Two of the revised container tariff, the Company would like to announce that it had received a letter on 9 August 2018 from Port Klang Authority that the implementation will take effect only on 1 March 2019 instead of 1 September 2018.

The Phase Two tariff revision, which will entail an average approximate increase of 13% on key container tariff items from the current tariff rates, is crucial to ensure the future growth of Port Klang and the financial viability of the proposed Westports container terminal expansion as the latter has always been a supply-expansion-driven container port.

This announcement is dated 10 August 2018.






Back