The Philippine Ports Authority (PPA) is seeking to raise storage charges for foreign containerized cargoes beyond the free storage period by 32%. It will also introduce a 150% surcharge on reefer container storage, hoping to alleviate congestion at terminals by encouraging timely container withdrawals.
The PPA Commercial Services Department has made clear that storage rates for foreign containerized cargoes, which include imports, exports and transshipments, have remained unchanged since 2014.
The rate increase, PPA said, is meant to optimize yard space usage and expedite the withdrawal of import containers, thus preventing congestion.
Source: portcalls.com