GSF hails Lanka's trade reforms

The Global Shippers' Forum (GSF) has welcomed the recent intervention by the Sri Lankan government in introducing reforms to ensure fair trading practices. Shippers in Africa, Asia, the Indian sub-continent and South America are calling for urgent action on unsubstantiated shipping charges and surcharges.

Shippers are demanding greater transparency in shipping charges, including terminal handling charges and a plethora of surcharges they do not believe reflect the real costs of the 'services' provided.

The Global Shippers' Forum (GSF) has welcomed the recent intervention by the Sri Lankan government in introducing reforms to ensure fair trading practices. In response to protracted lobbying by the Sri Lanka Shippers' Council to address unfair trade practices prevailing in the shipping industry in Sri Lanka over many years, the government acted to strengthen the powers of the Director General of Merchant Shipping to deal with anti-competitive practices, unfair charges and to create greater transparency in shipping charges.

Secretary-General of the Global Shippers' Forum, Chris Welsh said, "The proposed Sri Lanka reforms are likely to be a catalyst for wider demands, especially in the developing world, for greater regulatory monitoring of liner shipping and shipping charge practices where anti-trust exemptions remain in place."

"In the absence of effective competition in many regions of the world, there is a growing belief that tougher controls on liner shipping are needed to regulate carrier practices relating to freight tariffs to provide much needed transparency into shipping charges and surcharges," he said.

"The GSF favours a market-led and fair competition approach to ensure open and competitive ocean transportation markets. However, in the absence of open and competitive markets it is increasingly likely that shippers will demand new regulatory agencies," said Welsh.