Govt slaps higher fees on overstaying cargoes

President Benigno Aquino 3rd has approved an increase in storage fees for overstaying cargoes in major ports in Manila and other areas in a move seen by many as an initiative by the national government to decongest ports.

Palace spokesman Edwin Lacierda on Wednesday said the new storage fees will be imposed on overstaying containers or those that have been cleared and issued gate passes for transfer but are left at the ports for at least 11 days.