China to cancel seven shipping charges

China to cancel seven shipping charges

China’s Ministry of Finance and the National Development and Reform Commission (NDRC) have announced that they will cancel seven shipping related charges from October 1.

The seven charges include port fees, escort fees for special purpose vessels and special marine projects, temporary ship registration fees, chimney logo/company flag fees, ship renaming/home port registration change fees, ship nationality certificate fees, and scrapped vessel registration fees.

The ministry said the move was made to ease the burden of shipping companies.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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