MNHPI seeks hike in cranage rates, other services at NorthPort

The Manila North Harbour Port, Inc. (MNHPI) is proposing a 22.29% upward adjustment in cranage rates and a 17.67% increase in rates for 13 other services at NorthPort, the domestic terminal at Manila North Harbor.

The petition “is not a request for price increase for margin expansion, but a recovery of costs driven by CPI (consumer price index) increases through the years”, MNHPI legal department head Mark Vincent Escalona said in a presentation during the Philippine Ports Authority’s (PPA) virtual public hearing on the petition on November 6.

Stakeholders have until November 13 to submit their position papers on the petition.

MNHPI’s petition is in accordance with PPA Administrative Order (AO) No. 02-2018, which prescribes the standard and uniform formula and procedures for cargo-handling tariff adjustment, and PPA AO 11-2019, which provides the omnibus rules of procedures on private service provider-initiated applications for new tariff and /or adjustment of fees and charges.

This story was originally published by PortCalls Asia. Read the full story at PortCalls Asia →