Recently, despite opposition from the industry, Chittagong Port has insisted on implementing a new port charging structure.
This structure has increased the average cost of various port services by 41%.
So why did Chittagong adjust its charges?
1.Old expenses are no match for new one
The toll standards in Chittagong have not been significantly adjusted for a long time since 1986. Chittagong believes that this rate has clearly failed to reflect the current operating costs and market conditions.
2. Alleviate operational pressure
Its congestion once led to an additional loss of $15,000 to $20,000 per ship on average every day.Meanwhile, a large number of empty containers are piling up in the yard, affecting the operational efficiency. The authorities have also considered alleviating the problem by raising the yard rent.
3. Attracting investment and business
With more money being made, investors are naturally more willing to come.It is learned that the four major container terminals of Chittagong Port (Patanga, New Mur, Radia and Gulf Terminal) will be transferred to foreign operators such as Saudi Arabia, the United Arab Emirates and Singapore.
Shipping companies surely don't want to suffer losses. If Chittagong goes up, then I'll go up too.As a result, the Jilin University Port Authority revoked the licenses of seven CMA CGM vessels and two Maersk vessels due to "surcharge violations".
In the end, Maersk still obtained a temporary license, but the condition was that it was not allowed to charge additional fees or charges to customers. Even the announcement on its official website was removed.
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