More shipping lines cut terminal handling charges in China

Seven more container shipping lines, including OOCL and ZIM, have offered to cut terminal handling charges in China, the Xinhua News Agency reported.

   Seven more container shipping lines, including OOCL and ZIM, have offered to cut terminal handling charges in China, the Xinhua News Agency reported.
   The reductions in the firms’ average terminal handling charges is ranging between 76-127 yuan (U.S. $11.03-$18.43) per TEU, and after the cuts, the firms will be charging between 633-731 yuan (U.S. $91.87-$106.09) per TEU.
   In early March, 11 container shipping lines, including Maersk Line, MSC and COSCO, “had pledged to cut average terminal handling charges by 13-22 percent,” Xinhua said.
   China’s National Development and Reform Commission said that overall, “the 18 shipping lines can reduce the burden on importers and exporters by a total of 4.6 billion yuan (U.S. $667.6 million) each year.”