UAE ports hike container handling fees
Emirates Business 24/7 reported that ports within the UAE are raising their container handling charges amid a shortage of manpower and berthing space prompted by the growth in cargo traffic.
According to a report by Emirates Business 24/7, higher port charges come as the cost of handling containers of all sizes is said to have increased by 60% on an average over the last 18 months which added that it is leading to an overall hike in container freight charges.
It said that among the ports affected by the higher operational costs are Jebel Ali port in Dubai, Port Khalid and Khorfakkan in Sharjah and Fujairah port. The report said that the cost of handling a loaded TEU at Jebel Ali port has risen to AED 750 from AED 380 in February last year and to AED 870 from AED 460 for a loaded FEU.
The report added that Port Khalid and Khorfakkan Container Terminal which typically handle regional trade as well as container shipments destined for Asia and Africa, the charges for handling a loaded TEU have risen to AED 475 from AED 280 last year and to AED 700 from AED 430 for a loaded FEU.
According to a report by Emirates Business 24/7, higher port charges come as the cost of handling containers of all sizes is said to have increased by 60% on an average over the last 18 months which added that it is leading to an overall hike in container freight charges.
It said that among the ports affected by the higher operational costs are Jebel Ali port in Dubai, Port Khalid and Khorfakkan in Sharjah and Fujairah port. The report said that the cost of handling a loaded TEU at Jebel Ali port has risen to AED 750 from AED 380 in February last year and to AED 870 from AED 460 for a loaded FEU.
The report added that Port Khalid and Khorfakkan Container Terminal which typically handle regional trade as well as container shipments destined for Asia and Africa, the charges for handling a loaded TEU have risen to AED 475 from AED 280 last year and to AED 700 from AED 430 for a loaded FEU.