KUCHING: Domestic ocean freight rates are expected to come under pressure with new shipping players entering the market.
According to Sarawak-based Harbour-Link Group Bhd
, domestic freight rates may encounter headwinds due to additional players coming into the market.
These new players, said the company, contribute to increased shipping tonnage capacity that create competition on the freight rates.
As such, Harbour-Link anticipates this trend to impact the group’s revenue going forward.
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