News Content
Carriers find China's new short sea filing demands burdensome, risky
CHINA's new filing requirements for international short sea carriers of export shipments 30 days and 24 hours ahead of departure have been criticised as costly and threatening to rate confidentiality.
The Shanghai Shipping Exchange (SSE) regulatory agency defended the rules, pointing out that the US Federal Maritime Commission (FMC) have had such requirements, which have resulted in stable rates.
"Detailed freight filings can eliminate undercutting among lines and protect and promote fair competition," said the SSE in a statement, adding that they are intended to avoid zero and negative freight rates rampant in short sea routes from China.
Hamburg Sud and Hapag-Lloyd are concerned that the filling will create a wave of information exchanges which might call into question the use of this data and unbalance the delicate carrier-shipper process, reports Lloyd's List.
Hamburg Sud Asia-Pacific managing director Michael Britton said the role that the SSE will play in carrier-shipper process is unclear. "We enter a commercial relationship with our customers, with whom we negotiate and justify changes in rates and surcharges."
A Hong Kong shipping executive of a major carrier raised concern over who would have access to this information and whether would it be common knowledge of Chinese state carriers.
Further concerns by Hong Kong-based lines centred on its customers in Europe struggling to understand the requirements of the rules for which non-compliance can result in fines of CNY20,000 (US$3,298)to CNY100,000.
The SSE says it has a legal obligation to "properly keep the filed freight information without prejudice to any commercial confidentiality" which has been supported by its US counterpart FMC.
The Shanghai Shipping Exchange (SSE) regulatory agency defended the rules, pointing out that the US Federal Maritime Commission (FMC) have had such requirements, which have resulted in stable rates.
"Detailed freight filings can eliminate undercutting among lines and protect and promote fair competition," said the SSE in a statement, adding that they are intended to avoid zero and negative freight rates rampant in short sea routes from China.
Hamburg Sud and Hapag-Lloyd are concerned that the filling will create a wave of information exchanges which might call into question the use of this data and unbalance the delicate carrier-shipper process, reports Lloyd's List.
Hamburg Sud Asia-Pacific managing director Michael Britton said the role that the SSE will play in carrier-shipper process is unclear. "We enter a commercial relationship with our customers, with whom we negotiate and justify changes in rates and surcharges."
A Hong Kong shipping executive of a major carrier raised concern over who would have access to this information and whether would it be common knowledge of Chinese state carriers.
Further concerns by Hong Kong-based lines centred on its customers in Europe struggling to understand the requirements of the rules for which non-compliance can result in fines of CNY20,000 (US$3,298)to CNY100,000.
The SSE says it has a legal obligation to "properly keep the filed freight information without prejudice to any commercial confidentiality" which has been supported by its US counterpart FMC.
Latest News
- For the first time, tianjin Port realized the whole process of dock operati...
- From January to August, piracy incidents in Asia increased by 38%!The situa...
- Quasi-conference TSA closes as role redundant in mega merger world
- Singapore says TPP, born again as CPTPP, is now headed for adoption
- Antwerp posts 5th record year with boxes up 4.3pc to 10 million TEU
- Savannah lifts record 4 million TEU in '17 as it deepens port
