Rotterdam Sets Port Tariffs for Next Three Years

first_imgzoom The Port of Rotterdam says its port tariffs will rise in the coming three years at half the rate of the inflation percentage, by a maximum of 1% per year. For 2015 this means specifically that the tariffs paid by seagoing ships calling at the port of Rotterdam will be subject to 1% indexation.The Port Authority will also take measures aimed at reinforcing the hub function and stimulating sustainable hinterland transport.It is the first time that the port tariffs will be set for a period of more than one year so that companies know what to expect in the coming years. This is what the Port of Rotterdam Authority decided following consultation and the consent of the port business sector.Allard Castelein, CEO of the Port of Rotterdam Authority, said: ”We fix the tariffs for three years and remain structurally below inflation. That is a clear sign to the market. Shipping companies know what they can expect in the port of Rotterdam. Furthermore, we respond specifically to current developments, especially in the container market and the refining sector.”This port tariffs consultation includes inflation, market conditions and economic development among other things. The tariffs apply for the sea ports of Rotterdam, Schiedam, Vlaardingen, Maassluis, Dordrecht and Moerdijk.Port tariffs are just one of the Port Authority’s sources of income and they are charged to the shipping companies that use Rotterdam. In 2013, the Port Authority received EUR 288 million (USD 359.1m) in sea port tariffs and EUR 14 million (USD 17.4m) in inland port tariffs.Press Releaselast_img read more

California smuggler of erectile dysfunction drug gets prison

LOS ANGELES — A Southern California man who smuggled $11 million worth of erectile dysfunction drugs into the U.S. from China has been sentenced to more than eight years in federal prison for conspiracy and smuggling contraband.Prosecutors say the drugs sold by 41-year-old John Lee of Walnut were dangerous black-market creations falsely advertised as herbal remedies and some customers suffered permanent injuries.Lee also was ordered Monday to pay $550,000 in restitution to victims.Prosecutors say from 2011 to 2017, Lee illegally imported powdered tadalafil — the active ingredient in the prescription drug Cialis.Lee made 5 1/2 million pills, some containing 14 times the level of the drug found in Cialis.He pleaded guilty in February. More than a dozen other associates and companies have pleaded guilty to conspiring with Lee.The Associated Press read more