THE Cebu Port Authority (CPA) has confirmed the deferment of the implementation of the five percent increase in cargo handling charges for foreign cargoes until October 1, 2021, following the approval and issuance of CPA Resolution No. 833-2020 by the Cebu Port Commission (CPC).
Previously, a 10 percent across-the-board increase in foreign cargo-handling tariff (excluding for cement, iron, and steel products) in the Port of Cebu was approved in September 2019.
The first tranche in the 10 percent increase was implemented in October 2019 while the second tranche is supposed to be implemented this October 19, or one year after the implementation of the first tranche.
According to CPA General Manager Leonilo Miole, the deferment of the increase is in line with the mandate of the National Government to help mitigate the impact of the Covid-19 pandemic to the business sector.
“The deferment of the increase is one of the initiatives and interventions of the CPA with our partner cargo handling service provider, Oriental Port and Allied Services Corporation (Opascor) to help aid the income losses due to the operational and travel restrictions brought by Covid-19 to the maritime sector. This is good news for all our shipping liners, exporters, importers, logistics providers, and other port stakeholders,” said Miole.
As of August 2020, all ports managed by the CPA in the province handled a total of 39,209,491 metric tons of cargoes, 23.45 percent or 9,214,442 metric tons of it are foreign cargoes.(PR)