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Shanghai International Port to raise container handling fees in 2008
POSTED: 11:10 a.m. EDT, October 26,2007

Shanghai International Port (Group) Co (SHA 600018), China's largest domestic port operator, said it will raise fees for loading and unloading containers from the beginning of 2008.


The company said in a statement filed to the Shanghai Stock Exchange that the price for handling each twenty-foot equivalent unit will rise 10 pct to 566.5 yuan at Waigaoqiao port and 21 pct to 515 yuan at the Yangshan deep water port.
The port operator added that core revenue is expected to increase by 900 mln yuan next year because of the higher fees.

From: Forbes
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