China’s Ministry of Transport is going to further reduce port charges in order to help ease the burden on the shipping sector, the ministry said in a press conference yesterday.
According to the ministry, it will introduce a new pricing rule for port services from September 15, which will be effective for five years.
The new rule will have major updates in the pricing of tugboats services, pilotage services and tally services, while it will also reduce the number of charging items.
Wu Chungeng, spokesperson of Ministry of Transport said the ministry had reduced the number of port charging items from 45 to 18 and lowered prices in several areas since 2014, which had saved RMB1bn ($151m) each year for import and export companies and shipping companies, and the new rule will save a further RMB200m ($30.2m) each year.
