Vietnam to examine fares charged by shipping firms to stop violations

19 Mar '24

1 min read

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Insights

Vietnam has asked ports and maritime inspectorates to review fares by shipping firms and scrutinise surcharges to prevent any violations amid the surge in additional fees for container transport.
There has been a 10-22-per cent rise in the operational fees by foreign shipping firms—thrice more than the adjusted fees for handling at Vietnamese seaports.

Vietnam recently instructed port authorities and maritime inspectorates to review fares charged by shipping companies and scrutinise surcharges to prevent any violations amid the surge in additional fees for container transportation services in import-export shipping.

The Vietnam Maritime Administration is concerned over a possibility of shipping firms intentionally exploiting global market fluctuations to raise service prices. Hence, it will take measures, including penalties, to monitor and tackle this issue.

There has been a 10-22-per cent rise in the operational fees by foreign shipping companies—thrice more than the adjusted fees for container handling at Vietnamese seaports.

Shipping firms charge $140-200 from cargo owners, but reimburse the ports only $36-66.

The maritime services department at the Administration will closely work with relevant state management agencies to control the activities of shipping firms regarding freight rates and surcharges, ensuring transparent and publicly-disclosed pricing, a domestic media outlet reported.

Fibre2Fashion News Desk (DS)

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