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core business port operation profit significantly dropped, can anyone please explain to me what is management fee profit? is it profit for managing jesselton quay?
The Edge 18 Aug 25 news. (In September 2024, DP World assumed operational control of SBCP through DPW Sabah Sdn Bhd, the JV company in which it holds 51% equity interest. Suria Capital’s wholly-owned subsidiary, Sabah Ports Sdn Bhd, retains the remaining 49%.
Analysts have responded positively to the partnership, citing strong potential for Sabah Ports to benefit from DP World’s extensive global expertise and supply chain network)
WESTPORTS HOLDINGS BERHAD Announces Revised Port Tariffs
Date: 14 Jun 2025
WESTPORTS HOLDINGS BERHAD (WHB) has officially announced a revision of port tariffs, which has received approval from the Ministry of Transport (MOT) and was gazetted on June 13, 2025. The company has confirmed receipt of the gazettement letter from the Port Klang Authority, also dated June 13, 2025.
The revised tariff structure will impact various charges, including container terminal handling for imports, exports, transhipments, and other related services. The implementation will occur in three phases: the first phase will see an approximate 15% increase in key container tariff items, particularly terminal handling charges (THC), effective from July 15, 2025. The second phase will introduce an additional 10% increase starting January 1, 2026, followed by a final increase of 5% on January 1, 2027.
This comprehensive tariff revision is designed to facilitate ongoing investments and support the future growth of Port Klang, which is recognized as Malaysia's largest gateway port. Despite the increases, Port Klang's container tariff rates will remain among the most competitive in the region, with the last revision occurring a decade ago in 2015.
Phase Effective Date Increase (%)
Phase One 15 July 2025 15%
Phase Two 1 January 2026 10%
Phase Three 1 January 2027 5%
The revised Scale of Rates, Dues and Charges can be viewed at this link with reference number P.U. (A) 180/2025.
To recap, Suria entered into a conditional share subscription agreement with DP World. We view the collaboration positively as its wholly-owned Sabah Ports stands to gain from DP World’s global expertise and supply chain network. The agreement is anticipated to be completed in 3QFY24, subject to the fulfilment of terms and conditions.
The key catalyst for Suria would be higher port tariffs — unchanged since 1977. The Sabah state cabinet approved the review of tariff rates in 2020, with implemen
