
China’s Price Regulator Says Asian Shipping Lines Cut Fees
SHANGHAI, Oct 12 (Reuters) – Asian transport traces together with Japan’s Kawasaki Kisen Kaisha and China Shipping Container Lines have voluntarily lowered transport surcharges, China’s prime financial planner stated on Monday.
The assertion by the National Development and Reform Commission (NDRC) comes after China’s cupboard final month stated it was probing transport companies over allegations that they’ve been levying arbitrary and extreme costs.
The NDRC stated Korea’s Hanjin Shipping and Hyundai Merchant Marine in addition to Taiwan’s Evergreen Marine, Wan Hai Lines and Yang Ming Marine Transport Corp had been among the many companies lowering their surcharges. Japan’s Nippon Yusen KK had adjusted its charges on Sept. 15, it added.
The NDRC stated the businesses would undertake measures similar to cancelling charges for some providers and reducing documentation and telex launch charges. (Reporting by Brenda Goh; Editing by Miral Fahmy)
(c) Copyright Thomson Reuters 2015.
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