Greater ChinaRegulatory
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.