Katherine Si | Dec 06, 2021

The charge adjustments will apply to foreign trade import and export 20-foot and 40-foot loaded and empty containers.

Handling charges are set by the port independently based on its operations and do not require approval from the authorities..

Related: Container volume at Ningbo-Zhoushan port exceeds 2020 total

The port cited higher operation costs, labour costs, infrastructure construction and upgrading expenses, and the cost of efforts made to prevent and control the Covid-19 outbreak. Ningbo-Zhoushan port’s Meishan terminal was closed temporarily in August this year due to a Covid outbreak.

An analyst from China Securities estimates that the 10% increasing of loading and unloading charges of Ningbo-Zhoushan port will bring around a RMB400m ($62.8m) profit increase for the port in 2022.

Ningbo-Zhoushan is the world’s fourth largest container port.