{"id":19428,"date":"2024-06-24T03:07:57","date_gmt":"2024-06-24T03:07:57","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/ppa-to-hike-cargo-fees-by-16-says-philexport\/"},"modified":"2024-06-24T03:07:57","modified_gmt":"2024-06-24T03:07:57","slug":"ppa-to-hike-cargo-fees-by-16-says-philexport","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/ppa-to-hike-cargo-fees-by-16-says-philexport\/","title":{"rendered":"PPA to hike cargo fees by 16%, says Philexport"},"content":{"rendered":"
\n

By Justine Irish D. Tabile, <\/b>Reporter <\/i><\/p>\n

THE PHILIPPINE PORTS <\/span>Au<\/span>thority<\/span> (PPA) will be increasing cargo handling fees by 16% at the Manila ports by August, the Philippine Exporters Confederation, Inc. (Philexport) said in a bulletin.<\/p>\n

According to Philexport, the increase was confirmed by PPA Manager for Commercial Services Mark Jon S. Palomar\u2019s letter in response to Philexport\u2019s petition \u201cto defer cargo handling tariff hikes until the export industry has recovered.\u201d<\/p>\n

Citing Mr. Palomar\u2019s letter, Philexport said that the hike in fees was approved by the PPA board of directors during its regular meeting on May 28.<\/p>\n

This involves a 16% increase in cargo handling tarif<\/span>fs at the Manila South Harbor and the Manila International Container Terminal (MICT).<\/p>\n

Manila South Harbor is operated by Asian Terminals, Inc., while the MICT is operated by International Container Terminal Services, Inc.<\/p>\n

\u201c[The increase] is based on the consumer price index adjustment factor from 2020 to 2023 considering the relevant provision of the Terminal Operators Contract with the Authority,\u201d Philexport said, citing Mr. Palomar\u2019s letter.<\/p>\n

The Philippines\u2019 annual average inf<\/span>lation rate stood at 6% in 2023, higher than the 2022 annual average inf<\/span>lation rate of 5.8%.<\/p>\n

The increase, which will be implemented no earlier than Aug. 5, will be executed in two tranches.<\/p>\n

The first tranche will involve a 10% increase in cargo handling fees. The second tranche, which will involve a 6% increase, will be implemented six months after the f<\/span>irst tranche takes ef<\/span>fect.<\/p>\n

According to the export group, it has been opposing, together with the Export Development Council, any cargo handling rate increases at Philippine ports.<\/p>\n

\u201cThe PPA has a share in cargo handling revenues generated by cargo-handling contractors and port-related service operators,\u201d Philexport said.<\/p>\n

\u201cThus, the approval of any cargo handling tariff hike constitutes a \u2018conf<\/span>lict of interest\u2019 as the PPA, being the regulator, also benef<\/span>its from its own regulation, giving the agency the incentive to increase the rate to improve its f<\/span>inancial health,\u201d it added.<\/p>\n

Sought for comment, Philippine Chamber of Commerce and Industry Chairman George T. Barcelon said that the business group does not think the PPA should implement any hike in fees at this time. <\/span><\/p>\n

\u201cThe PPA at this point in time should not be increasing their service charge because this would be challenging to the importers and exporters who are already facing the increase in shipping costs,\u201d Mr. Barcelon said in a phone interview.<\/span><\/p>\n

\u201cI don\u2019t think it would be prudent for them to increase\u2026 Maybe this is not the right time because businessmen are already having challenges,\u201d he added.<\/p>\n

Mr. Barcelon said importers and exporters are already facing higher shipping costs due to geopolitical tensions in the Middle East.<\/span><\/p>\n

\u201cIf you will notice, this week, there will be an increase in oil prices. All of this, somehow, would be passed on to consumers\u2026 and this might affect our inf<\/span>lation,\u201d he added.<\/p>\n

Pump prices for petroleum products are expected to climb this week, driven by \u201ccontinued geopolitical tensions and supply risks,\u201d according to the Department of Energy.<\/p>\n

Inf<\/span>lation rose 3.9% in May, the fastest rise since November.<\/p>\n

British Chamber of Commerce Philippines Executive Director Chris Nelson said on Sunday that the increase is \u201cgovernment-mandated\u201d and reflects the inflation uptrend over the last three years.<\/span><\/p>\n

\u201cIt\u2019s based on the last three years of inflation, so if inflation drops, then obviously going forward, the increase should be less,\u201d Mr. Nelson said in a phone interview.<\/p>\n

But more than the increase in cargo handling fees, Mr. Nelson said the bigger challenge that companies face today is the \u201cexceptionally high\u201d shipping rates.<\/p>\n

\u201cSo, look, it\u2019s a mandated increase by the government. It covers in<\/span>f<\/span>lation, (which) we understand. But if you look at the cost in the system, what\u2019s more of a challenge for exporters and importers is actually the shipping rates, which are, again, very high,\u201d he added.<\/span><\/p>\n

The pending increase also comes after the 32% increase in storage charges for foreign containerized cargoes.<\/p>\n

\u201cTrade groups, including Philexport, had also opposed the increase of 32%, noting it was too high and would hurt the economy and the stakeholders already facing inf<\/span>lation and a weak global economy,\u201d the group said.<\/p>\n

The PPA implemented an increase in storage fees as well as a surcharge for the storage of reefer containers on Jan. 6, despite calls from the business sector to defer or reconsider the increase last year.<\/p>\n

Meanwhile, other chambers that opposed the proposal include the American Chamber of Commerce of the Philippines, Inc., the German-Philippine Chamber of Commerce and Industry, and the European Chamber of Commerce of the Philippines.<\/p>\n

Asked to comment, the PPA has yet to respond to BusinessWorld<\/i>\u2019s inquiry as of press time.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

THE PHILIPPINE PORTS Authority (PPA) will be increasing cargo handling fees by 16% at the Manila ports by August, the Philippine Exporters Confederation, Inc. 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