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21 September 2020 The on-line newspaper devoted to the world of transports 02:14 GMT+2

September 13, 2001

Pressure mounts for smaller shipping lines to merge

By Jose Barrock

FREIGHT rates reduction from Peninsular Malaysia to Sabah and Sarawak by 30 per cent over the last two years is expected to activate a merger switch among smaller shipping lines in Malaysia.

Sources said the smaller shipping companies need to consolidate to reduce their operating costs and beef up their strength so that they do not lose out ......
Read more on Business Times - Malaysia

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