Liner companies pressed to reduce THC at Mainland Chinese ports

OOCL among lines reducing THC at Chinese ports

Hong Kong-based Orient Overseas Container Lines is among the latest batch of international liner firms to bow to pressure from China’s National Development and Reform Commission and the Ministry of Transport to lower terminal handling charges at Mainland ports.

OOCL will reduce its terminal handling charges to Rmb553 per teu from Rmb633 per teu.

The NDRC maintains that the rate reductions would reduce the costs imposed on international trading companies by up to Rmb4.6bn (US$669.7m) annually.

The number of liner firms who have acceded to the Chinese authorities demands now totals 18. The other lines include:

Yang Ming – Rmb593 per teu, down from Rmb675 per teu;

Wan Hai – Rmb580 per teu, down from Rmb682 per teu;

PIL – Rmb585 per teu, down from Rmb661 per teu;

K Line – Rmb594 per teu, down from Rmb684 per teu;

Zim – RMB604 per teu, down from Rmb731 per teu;

UASC – Rmb582 per teu, down from Rmb682 per teu.

Maersk Line – Rmb566 per teu, down from Rmb681 per teu;

MSC – Rmb503 per teu, down from Rmb644 per teu;

CMA CGM – Rmb560 per teu, down from Rmb695 per teu;

Cosco Shipping Lines – Rmb596 per teu, down from Rmb717 per teu;

APL – Rmb576 per teu, down from Rmb676 per teu;

Hapag-Lloyd – RMB607 per teu, down from RMB696 per teu;

Evergreen Marine – Rmb542 per teu, down from Rmb639 per teu;

HMM – Rmb592 per teu, down from Rmb706 per teu;

NYK – Rmb577 per teu, down from Rmb711 per teu;

MOL – Rmb564 per teu, down from Rmb678 per teu;

Sinotrans Shipping – Rmb575 per teu, down from Rmb664 per teu.

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