Macau freight rates to rise in April

The cost of bringing in imports from Hong Kong by sea will jump by 10 to 15 percent in April.

Our sister publication Business Daily quoted the chairman of the board of supervisors of the Association of Macau Shipping Industry, Tou Man Kan, as saying that companies are increasing their rates to catch up with the surges in inflation and operating costs.

Mr Tou said the surge in operating costs was due to increases in the price of fuel, port fees and wages.

Copyright@Macau Business