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Latest news

  • 28 March 2020

    DynaLiners Daily - Yilport numbers

    Ports in which Turkish Yilport owns a stake handled 6.2 million TEU, or 4.6 million TEU based on equity share. The container volumes were split between Malta (2.7 million TEU), Turkey (1.1 million TEU), Iberia (1.2 million TEU), Nordic Countries (495,300 TEU) and others (600,000 TEU). In addition, it handled 11.5 million tons of general cargo, 317,000 CEU Ro/Ro units and 3.4 million cbm of liqu... Read more

  • 28 March 2020

    DynaLiners Daily - Heung A Line or Heung-A Shipping?

    Heung A Line, now owned by Sinokor, has distanced itself from its former parent Heung-A Shipping, which is undergoing a KDB, Korean Development Bank-led debt restructuring. Heung-A Shipping, which now is solely a tanker operator, sold a 90% shareholding in Heung A Line in December 2019 for KRW 36 billion (USD 29 million).   Read more

Terminal Handling Charges - A bone of contention

Is THC being used as a revenue earner or a cost recoverer?

For a better understanding of the introduction and application of the intricate THC matter, this special report opens with an elaboration on tariff structures and the role of surcharges in general.

Briefly discussing the current THC turmoil in the Far East and Israel, it then describes the CENSA formula, detailing the 17 terminal cost elements agreed upon between parties.

There is an extensive analysis of THC differences in four European main ports and efforts are being made to explain the different underlying calculation bases.

After brief references to competition law and Incoterms in relation with THC, the report looks into alternatives, considers anomalies and concludes with a suggestion for a modus vivendi.

The Annexes, amongst others, contain:
- Terminal Handling Charges in more than 200 ports worldwide
- Port handled TEU statistics for those ports
- Conferences, other groupings and their membership
- Rates of exchange of all seaboard countries worldwide

First published in 2003, THC levies in ports worldwide as well as important relevant developments have been updated until 2008. In that year, the Liner Conference system became prohibited in the European Union and Conference-set THC replaced by carriers' individually calculated levies.

Yet, Gate-In/Gate-Out (GI/GO) freight rates (i.e. including THC) have not (yet) become the norm, as many had expected. Therewith, the contents of this report discussing and explaining the origin, background and basics of the THC phenomenon continues to be of interest for those not familiair with it.

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