THE effects of the war in Iraq have started to be felt in the Malaysian economy with some sectors, such as shipping, beginning to encounter higher costs resulting from war risk premiums of as much as RM150 per container, according to International Trade and Industry Minister Datuk Seri Rafidah Aziz.
She said Malaysian International Shipping Corp (MISC) had reported that costs for the shipment of bulk cargo like palm oil had also gone up, and that shipments were only able to reach Abu Dhabi.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
