Shipping fares increases by 30%

National

AMID the soaring fuel costs, the Maritime Industry Authority (MARINA) has allowed domestic shipping operators to raise passenger fares and cargo rates by up to 30 percent.

Marina clarified that agricultural products and other basic commodities are excluded from the full increase and will remain under a 20 percent cap, a report by Philstar said.

“Notwithstanding the foregoing, the transport of agricultural products and basic/critical commodities shall continue to be given priority and remain subject to the 20 percent limit for rate adjustment attributed to fuel price fluctuations,” Marina said in a statement.

Shipping operators were reminded to follow the weekly Required Rate Adjustment (RRA) issued by Marina.

Operators are required to notify the public and the agency at least three days before implementing any fare increase through announcements in ports, vessels, terminals, ticketing offices, and official platforms.

The agency also ordered operators to lower rates within three days once global fuel prices drop, with proper public notice.

Marina warned that violations, including overcharging beyond approved rates, may result in fines and sanctions.(Rodgelyn Morales, CTU-TC BAEL-ELSD Intern)