Friday 16 November
Powered by Ajaxy
Jun 26, 2018 @ 19:12

Manila North Harbor Port seeks higher cranage fees


Manila North Harbor Port Inc. is seeking the Philippine Ports Authority’s approval to raise cranage fees to offset rising costs.

A joint venture between San Miguel Corp. And International Container Terminal Services Inc., MNHPI want to increase cranage tariff by 28.5 percent for the period covering December 2013 to December 2017.

For 20-foot equivalent unit and below containers, the proposed cranage rate is P1,654.56 for loaded from P1,288.

The proposed cranage rate for above 20 foot is P2,314.85 for loaded from P1,802 and P1,396 for empty from P1793.30.

“[This is] to reflect the depreciation of the peso against the US dollar and the year-on-year upward increase of general price level of goods and services, both having an impact on the continued viability of the port’s quay crane operations,” MNHPI said

“With the upward trend in cost of operating quay container cranes such as hiring of skilled crane operators, power costs and spare parts, the year-on-year inflation has likewise contributed to increased cost of cranage operations,” it added.

To date, MNHPI has eight units of quay container cranes, servicing the requirements of shipping lines, which is over the required six units as of 2018.

Please follow and like us:

Tags: , , ,

Related Stories
Conglomerate San Miguel Corp. grew its nine-month recurring income by a fifth to P52.4 billion
The granddaughter of San Miguel Corp. chairman Eduardo “Danding” Cojuangco shares her family’s legendary love
San Miguel Food and Beverage Inc. successfully raised P34.08 billion from its follow-on offering despite
A petition has been filed before the Supreme Court (SC) questioning the validity of the


Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.