India’s Oil Demand Drives CMB Tech Fleet Diversification
By Dimitri Rhodes Nov 7 (Reuters) – Belgian oil tanker company CMB Tech says it will focus on the fast growing market in India as it reported third quarter results...
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.
The NDRC said Korea’s Hanjin Shipping and Hyundai Merchant Marine as well as Taiwan’s Evergreen Marine, Wan Hai Lines and Yang Ming Marine Transport Corp were among the firms reducing their surcharges. Japan’s Nippon Yusen KK 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)
(c) Copyright Thomson Reuters 2015.
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