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| Increased costs for shipping |
| Writer |
관리자 |
Date |
2005-03-21 |
Visits |
2518 |
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Port and stevedoring fees increased by 4.5% yearly on average.
MOMAF(Ministry of Maritime Affaires & Fisheries) announced that it fixed fees at 4.5% considering inflation (consumer price index rise of 3.6%, manufacturery/service provider price index rise of 6.1%), and wage hikes(average over all industries at 5.9%) for last year and recent economic developments.
Increased port stevedoring fees will apply to all ports from the middle of this month.
Overtime pay for working Saturdays will increase 25% this year. Last year, port labor unions and KOPLA (Korea Port Logistics Association) met and agreed to keep the increase low. |
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 Previous : Korea-China cargoes up 7% in 2004 |
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