Council fails to win charge cut
The Hong Kong Shippers' Council has failed to win approval from Transpacific Stabilisation Agreement (TSA) representatives for a 30 per cent rate reduction in terminal handling charges (THCs).
Council executive director Clement Yeung said TSA members indicated they had to report the matter back to their presidents or principals.
'However, they suggested that they can increase the notification period to shippers from 30 days to 45 or even 60 days if they planned to raise THCs,' he said.
TSA members were considering providing the council with a list of components and cost items that make up the THCs, Mr Yeung said.
Shipping lines have refused to reveal how they arrived at the THC figure, hiding behind the veil that the components included confidential items such as rates.
'While we have made some improvements, it was not considered sufficient,' Mr Yeung said.
Shippers in Asia should co-ordinate more on this THC issue, he said.
The council, which expressed disappointment with TSA members for not reaching a decision, said it was prepared to meet again next month.