Malaysia's Klang Container Terminal (KCT) has confirmed it expects competitive pressures in Port Klang to intensify and depress rates, according to a Lloyd's List report. Last year, KCT recorded a 50 per cent fall in pretax profit from M$63 million (about HK$127.8 million) to $30 million. Rates had fallen in the past two years, KCT chairman Rahmat Jamari said, predicting an even further fall due to mounting competition and surplus capacity at Port Klang.
