Australia to Yangon - Low Water Surcharge (LWS)
Effective – 15th November, 2014, for all shipments to Yangon there will be a LWS.
Port Kalang – Malaysia Fuel Hike
On 1st October 2014, we have another round of fuel & diesel hike announced by the ruling government. The fuel was also similar quantum of 10% increase for both commercial and private vehicle. The last hike was on 3rd September 2013.
We expect this fuel hike will have a domino effect and impact the transportation industry. The land and Pick-up & delivery charges shall be effected between 10%-15%.
We are presently waiting for trucking company to finalize the quantum of increase of transport tariff. Haulage will be impacted for Exworks, DDP, DAT, Door to Door pricing quoted prior to 6th October 2014.
See below for Malaysian news article.
KUALA LUMPUR, Oct 1 — Putrajaya announced today it is cutting subsidies for the RON95 petrol and diesel from October 2, effectively hiking the fuel at the pumps after midnight tonight.
The new retail price of RON95 petrol will be RM2.30 per litre while diesel will be RM2.20 per litre, the Domestic Trade, Cooperative and Consumerism Ministry said in a statement.
Currently the market price for RON95 petrol is at RM2.58 per litre, while the market price of diesel is RM2.52 a litre, the ministry said.
“Even with the reduction in the subsidy rate, the Government estimates it will still be spending over RM21 billion to subsidise the prices of RON95 petrol, diesel and LPG for 2014,” it said in the statement.