Shipping firms allowed to collect fuel surcharge
THE Maritime Industry Authority (MARINA) said it has authorized ship operators to collect a fuel surcharge of up to 20% of base fares, among other measures to promote the efficient use of fuel.
It urged shipping companies and related industries to ensure uninterrupted movement of passengers and essential goods while fuel prices fluctuate in the wake of the fighting in the Persian Gulf.
In an advisory on Monday, the regulator said it is also allowing shipping companies to adjust their operations by consolidating or reducing trips to optimize vessel use in the interest of cutting fuel consumption, subject to MARINA approval.
MARINA also ordered all operators to prioritize the movement of essential commodities.
MARINA is also considering waiving the 2026 Annual Tonnage Fee, as well as offering discounts on ship document and certificate fees, and suspending new fees and charges.
“Once the crisis subsides, operators must remove any fuel surcharge and revert to pre-crisis rates,” it said, adding that surcharges exceeding 20% are subject to approval.
On Monday, three regional shipping lines raised passenger and cargo rates by up to 25% following a surge in fuel costs after global crude benchmarks exceeded $100 per barrel.
Starlite Ferries, Inc., a unit of Chelsea Logistics and Infrastructure Corp., said it is increasing passenger and cargo rates by up to 25% starting March 10.
Montenegro Shipping Lines, Inc. will implement a 10% to 20% increase in passenger and vehicle rates across its routes starting March 23.
FastCat, Inc. operated by Archipelago Philippine Ferries Corp., revised its fare matrix upward for both passengers and vehicles beginning March 6. — Ashley Erika O. Jose
You May Also Like
Husky Inu (HINU) Completes Move To $0.00020688
Cryptos Signal Divergence Ahead of Fed Rate Decision
