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Port Preferential Policies Issued By Many Countries

Introduction: in recent years, the world's shipping industry has encountered many difficulties. In order to solve these problems, governments of various countries have successively issued a series of supporting and encouraging policies.


In recent years, the world's shipping industry has encountered many difficulties. In order to solve these problems, governments have issued a series of supporting and encouraging policies.




If we don't talk much, we'll go straight to the point.




1. China: the amount of preferential relief measures across the country may exceed 1 billion yuan




As early as March, the State Council pointed out that it is necessary to further reduce the logistics cost of foreign trade enterprises. In response to the call of the central government, 11 local ports, including Shenzhen, Guangzhou, Zhuhai, Shanghai, Tianjin and Xiamen, have launched a series of preferential policies to reduce and remit port construction fees, port service fees, port facility security fees, etc. for import and export goods. According to the analysis of the insiders, the accumulated amount of money for reduction and exemption is By June, it may reach the level of 1 billion yuan.




Because there are too many contents involved, readers can check the specific information published locally if necessary.




2. Singapore: 50% port fee discount




Singapore's Maritime Port Authority (MPA) recently announced a 50% port fee discount for all cruises and ferries.. The MPA said the new offer would be granted between March 1, 2020 and August 31, 2020, adding to the existing full port fee offer. "All cruise ships and regional ferries that stay at the port for no more than five days, as well as port transport ships carrying passengers, are eligible for the new offer," the government official said. More than 600 ships are expected to benefit from this, saving more than $1 million in total over six months. "




3. South Korea: 5 billion won operation Award




A novel coronavirus pneumonia fund, which was invested by 18 billion 700 million won (about 110 million yuan), was launched in Busan Bay commune some time ago to help the port and shipping industry to overcome difficulties in the new crown pneumonia epidemic. For vessels sailing in Busan, China and Japan, a total of 5 billion won (about 30 million yuan) will be awarded within one year. The amount of support will be allocated one by one according to the proportion of the total number of vessels entering Busan Port and the number of arrivals of each shipping company. At the same time, for the goods that need to be transshipped at other terminals, some transportation cost subsidies will be given to ease the operating burden of the shipping company. In addition, as the epidemic will lead to a reduction in throughput, the incentive will be extended to the shipping companies that attract the volume of transit boxes.




4. Nigeria: no warehousing and demurrage




According to media reports, the Nigerian Port Authority (NPA) has instructed all terminal operators to suspend the collection of storage fees and demurrage fees for all terminals during the federal government's "home order" period, with an overall extension of 14 days, effective from April 13, 2020. Nigeria's shipper Council (NSC) said that after negotiations with relevant associations and guilds, the freight charges for transporting goods from ports were reduced by 30%. The new rate came into effect on April 22 and will remain in effect for the duration of covid-19.




5. Liberia: cancellation of container demurrage




Liberia's National Port Authority (NPA) announced the cancellation of all demurrage charges for containers destined for the country. "NPA management is confident that the cancellation of port demurrage will help improve customer service, ease business difficulties and stop charging the importer for overdue fees," the statement said




According to media reports, the move is part of the commitment of the Weah government to eliminate unnecessary barriers in business and promote international trade. Bill tweehway, managing director of NPA, on behalf of the executive management team, after a round table discussion on the matter, thanked shipping agencies and other stakeholders for their cooperation and agreed to cancel the port's demurrage.