Vietnam to examine fares charged by shipping firms to stop violations
19 Mar 24 1 min read
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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