Liberalisation Of Cabotage Policy For Containerised Transhipment Cargo

KUALA LUMPUR, May 29 (Bernama) — The government has agreed to liberalise the Cabotage Policy for containerised transhipment cargo for the sectors between the Port of Sepangar, Port of Bintulu, Port of Kuching with Port Klang and the Port of Tanjung Pelepas and vice versa.

The selective liberalisation allows foreign vessels to carry containerised transhipment cargo within the above sectors without a need for a domestic shipping license, the Ministry of Transport said in a statement today.

The liberalisation gives an opportunity for importers and exporters in Sabah and Sarawak as well as the industries, to enjoy a lower freight cost due to competition in the shipping transportation sector, which can be translated into cheaper price of consumer goods and industrial needs.

– BERNAMA

Add a Comment

You must be logged in to post a comment.

Next Post: Port Klang Authority at the deep end
Previose Post: Bank Negara said today the eco…