OOCL lowers THC at mainland Chinese ports

HONG Kong-based Orient Overseas Container Lines (OOCL) has joined other international shipping lines to lower terminal handling charges (THC) at mainland ports, as requested by China's National Development and Reform Commission (NDRC) and the Ministry of Transport.
 
OOCL will reduce its terminal handling charges to CNY553 (US$80.3) per TEU from CNY633 per TEU, according to HK Maritime Hub.
 
The NDRC maintains that the rate reductions would reduce the costs imposed on international trading companies by up to CNY4.6 billion annually.
 
There are now 18 liner firms that have acceded to the Chinese authorities demands to reduce THC. They include: Yang Ming, CNY593 per TEU, down from CNY675; Wan Hai, CNY580 per TEU, down from CNY682; PIL, CNY585 per TEU, down from CNY661.