Urgent.News

What's breaking now, across thousands of outlets.

World

Don't fear the Port Klang LCL fee hike just yet

KUALA LUMPUR: Businesses may not need to fear the proposed revision of Port Klang’s less-than-container-load (LCL) charges just yet, as the impact is expected to vary between import and export shipments, according to industry players.

Don't fear the Port Klang LCL fee hike just yet

Businesses may not need to worry about the planned revision of Port Klang's less-than-container-load (LCL) charges, according to industry experts. The proposed revision, which follows a decade-long gap, is expected to impact shipments differently, depending on whether they are imports or exports, according to Datuk Dr Tony Chia, president of the Federation of Malaysian Freight Forwarders (FMFF).

Chia emphasized that the review was necessary, as the rates had remained unchanged for about ten years, and the Port Klang Authority is currently analyzing the charges. The proposal covers charges on LCL cargo at container freight stations (CFS) and warehouses, including facilities within port terminals, and applies to both imports and exports.

The Port Klang Authority seeks to sustain port operations and prevent service providers from shutting down or moving outside the port, which could disrupt the supply chain and increase costs for importers and exporters. While the increases could ultimately be reflected in the costs paid by importers and exporters, Chia acknowledged that any cost hike would need to be factored into businesses' pricing strategies.

Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at nst.com.my →

More in World

Malaysia invited to co-chair The Hague Group

NEW YORK: Malaysia has been invited to co-chair The Hague Group following the country’s firm and consistent stance in advocating compliance with international law and addressing humanitarian issues on various global platforms.

More from Monday 28 September →