APM Terminals (APMT), the operator of Khalifa Bin Salman Port (KBSP), has issued a warning to the shipping companies to pay outstanding charges on empty containers at the port, which range between BD5,000 ($13,182) and BD80,000, said a report in the Gulf Daily News (GDN). Companies are allowed to store their empty containers at the port for 10 days before a tax is imposed, however, businessmen claim they had an agreement with officials to hold the boxes depending on availability of space without enforcing additional charges. They warned that trade involving aluminium, steel, manufactured products and other goods could be affected by the decision. Trans-Continental Shipping managing director Yousuf Al Rayes said they were given a one-week deadline, which will end on Sunday, to pay the outstanding fees. “We cannot afford to pay these huge amounts suddenly as we will have to close down our business, which is run on marginal commissions on exports,” he told the GDN.
Monday, August 25- 2014 @ 8:54 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.