Westports says container tariff hike is 'crucial' to its terminal expansion

KUALA LUMPUR (Aug 10): Westports Holdings Bhd said today the second phase of the increase in Port Klang's container tariff, which has been deferred for six months to March 1 next year, is crucial to the financial viability of its proposed container terminal expansion as the latter has always been a supply-expansion-driven container port.

In a filing with Bursa Malaysia today, Westports said the container tariff hike would also ensure the future growth of Port Klang.