China Probing Shipping Companies Over Excessive Fees

SHANGHAI, Sept 24 (Reuters) – China is probing transport firms over allegations that they’ve been levying arbitrary and extreme prices, following complaints from international commerce corporations, the nation’s cupboard stated.

The State Council has ordered seven departments together with the nation’s prime financial planner, transport and commerce ministries to analyze alleged double prices on imports and exports and different unlawful charges, in keeping with a discover posted on the cupboard’s web site.

For occasion, terminal dealing with prices at some ports have surged to 1,200 yuan ($188) per container from 700 yuan final 12 months, whereas container-seal charges have elevated to 75 yuan from 5 yuan per container, the discover stated.

The National Development and Reform Commission had up to now discovered that some transport firms “have too many items on document charges and unreasonable telex release charges,” the discover stated.

Some corporations had already began to regulate their charges, it stated. Charges for telex releases had been lowered from 500 yuan per order to about 200 yuan. ($1 = 6.3836 Chinese yuan renminbi) (Reporting by Brenda Goh; Editing by Ed Davies)

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