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Ningbo Zhoushan hikes port handling charges 10% in 2022

Author: Posttime:2021-12-07 08:23:43

China’s Ningbo-Zhoushan port is to increase handling charges for loading and unloading by 10% starting from 1 January 2022.

Katherine Si | Dec 06, 2021
The charge adjustments will apply to foreign trade import and export 20-foot and 40-foot loaded and empty containers.
Handling charges are set by the port independently based on its operations and do not require approval from the authorities..
Related: Container volume at Ningbo-Zhoushan port exceeds 2020 total
The port cited higher operation costs, labour costs, infrastructure construction and upgrading expenses, and the cost of efforts made to prevent and control the Covid-19 outbreak. Ningbo-Zhoushan port’s Meishan terminal was closed temporarily in August this year due to a Covid outbreak.
An analyst from China Securities estimates that the 10% increasing of loading and unloading charges of Ningbo-Zhoushan port will bring around a RMB400m ($62.8m) profit increase for the port in 2022.
Ningbo-Zhoushan is the world’s fourth largest container port.
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