China's price regulator say Asian shipping lines cut fees

WAN HAI LINES

12/10/2015 10:08

SHANGHAI, Oct 12 (Reuters) - Asian shipping lines including 
Japan's Kawasaki Kisen Kaisha  9107.T  and China Shipping 
Container Lines  601866.SS  1866.HK  have voluntarily lowered 
shipping surcharges, the country's top economic planner said on 
Monday. 
    The statement by the National Development and Reform 
Commission (NDRC) comes after China's cabinet last month said it 
was probing shipping firms over allegations that they have been 
levying arbitrary and excessive charges.  urn:newsml:reuters.com:*:nL5N11U010 
    The NDRC said Korea's Hanjin Shipping  117930.KS  and 
Hyundai Merchant Marine  011200.KS  as well as Taiwan's 
Evergreen Marine  2603.TW , Wan Hai Lines  2615.TW  and Yang 
Ming Marine Transport Corp  2609.TW  were among firms the firms 
reducing their surcharges. Japan's Nippon Yusen KK  9101.T  had 
adjusted its fees on Sept. 15, it added.  
    The NDRC said the companies would undertake measures such as 
cancelling fees for some services and lowering documentation and 
telex release fees.  
 
 (Reporting by Brenda Goh; Editing by Miral Fahmy) 
 ((brenda.goh@thomsonreuters.com; +86)(0)(21 6104 1763; Reuters 
Messaging: brenda.goh.thomsonreuters.com@reuters.net)) 
 
Keywords: CHINA SHIPPING/REGULATIONS