More shipping lines cut terminal handling charges in China

Seven more container shipping lines, including the Hong Kong-based Orient Overseas Container Line and Israel's ZIM Integrated Shipping Services, have written to the National Development and Reform Commission and the Ministry of Transport, promising to lower the charges.

The reductions in the firms' average terminal handling charges ranged between 76 yuan ($11.1) and 127 yuan per TEU (20-foot equivalent unit), according to the commission, the country's top economic planner.

After the cuts, the firms will charge 633-731 yuan per TEU.
(China Daily)