Handling tariffs cut by 19% at Port of Shanghai
China’s National Development and Reform Commission (NDRC) has announced that from the start of 2018, the import and export handling tariff for non-transhipment containers at the Port of Shanghai will be lowered by 19.4% to RMB480 (US$72) per teu.
The NDRC also ordered tariff cuts of between 11% and 21% at several other ports — including Tianjin, Ningbo-Zhoushan and Qingdao — that enjoyed dominant market positions in their respective servicing regions.
The tariff adjustment was prompted by the Chinese government’s antitrust review on the business operations of coastal ports, with the aim of reducing overall logistics costs and promoting a fairer operating environment for shipping companies.
You need a free subscription to read the entire article.
Subscribe
Subscribe for FREE and gain access to all our content.
More than 5000+ articles.
Related Posts
Other News
Container Management (cm) has been published for more than 30 years serving the port, terminal, intermodal and container handling equipment industries worldwide.
