Chennai, India: Operating costs for ships calling at Chennai Port, a major state-owned cargo hub on India’s Southeastern coast, will go up steeply beginning on Oct. 1, in response to a tariff increase decision by port regulator Tariff Authority for Major Ports.

 

“Considering the deficit position depicted by the cost statements for the period from October 1, 2014, to March 31, 2016, this authority has accorded approval for an across-the-board increase of 42 percent in the existing scale of rates of Chennai Port Trust,” TAMP said in its ruling.

 

The hike mainly comprises marine dues, such as berth hire and pilotage fees, as well as cargo-related charges, covering stevedoring, demurrage and wharfage fees.