THE Maritime Industry Authority (MARINA) said it has authorized ship operators to collect a fuel surcharge of up to 20% of base fares, among other measures to promoteTHE Maritime Industry Authority (MARINA) said it has authorized ship operators to collect a fuel surcharge of up to 20% of base fares, among other measures to promote

Shipping firms allowed to collect fuel surcharge

2026/03/10 21:25
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

THE Maritime Industry Authority (MARINA) said it has authorized ship operators to collect a fuel surcharge of up to 20% of base fares, among other measures to promote the efficient use of fuel.

It urged shipping companies and related industries to ensure uninterrupted movement of passengers and essential goods while fuel prices fluctuate in the wake of the fighting in the Persian Gulf.

In an advisory on Monday, the regulator said it is also  allowing shipping companies to adjust their operations by consolidating or reducing trips to optimize vessel use in the interest of cutting fuel consumption, subject to MARINA approval.

MARINA also ordered all operators to prioritize the movement of essential commodities.

MARINA is also considering waiving the 2026 Annual Tonnage Fee, as well as offering discounts on ship document and certificate fees, and suspending new fees and charges.

“Once the crisis subsides, operators must remove any fuel surcharge and revert to pre-crisis rates,” it said, adding that surcharges exceeding 20% are subject to approval.

On Monday, three regional shipping lines raised passenger and cargo rates by up to 25% following a surge in fuel costs after global crude benchmarks exceeded $100 per barrel.

Starlite Ferries, Inc., a unit of Chelsea Logistics and Infrastructure Corp., said it is increasing passenger and cargo rates by up to 25% starting March 10.

Montenegro Shipping Lines, Inc. will implement a 10% to 20% increase in passenger and vehicle rates across its routes starting March 23.

FastCat, Inc. operated by Archipelago Philippine Ferries Corp., revised its fare matrix upward for both passengers and vehicles beginning March 6. — Ashley Erika O. Jose

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Cashing In On University Patents Means Giving Up On Our Innovation Future

Cashing In On University Patents Means Giving Up On Our Innovation Future

The post Cashing In On University Patents Means Giving Up On Our Innovation Future appeared on BitcoinEthereumNews.com. “It’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress,” writes Pipes. Getty Images Washington is addicted to taxing success. Now, Commerce Secretary Howard Lutnick is floating a plan to skim half the patent earnings from inventions developed at universities with federal funding. It’s being sold as a way to shore up programs like Social Security. In reality, it’s a raid on American innovation that would deliver pennies to the Treasury while kneecapping the very engine of our economic and medical progress. Yes, taxpayer dollars support early-stage research. But the real payoff comes later—in the jobs created, cures discovered, and industries launched when universities and private industry turn those discoveries into real products. By comparison, the sums at stake in patent licensing are trivial. Universities collectively earn only about $3.6 billion annually in patent income—less than the federal government spends on Social Security in a single day. Even confiscating half would barely register against a $6 trillion federal budget. And yet the damage from such a policy would be anything but trivial. The true return on taxpayer investment isn’t in licensing checks sent to Washington, but in the downstream economic activity that federally supported research unleashes. Thanks to the bipartisan Bayh-Dole Act of 1980, universities and private industry have powerful incentives to translate early-stage discoveries into real-world products. Before Bayh-Dole, the government hoarded patents from federally funded research, and fewer than 5% were ever licensed. Once universities could own and license their own inventions, innovation exploded. The result has been one of the best returns on investment in government history. Since 1996, university research has added nearly $2 trillion to U.S. industrial output, supported 6.5 million jobs, and launched more than 19,000 startups. Those companies pay…
Share
BitcoinEthereumNews2025/09/18 03:26
Trump admin may be forced to reveal military-election plot with new lawsuit

Trump admin may be forced to reveal military-election plot with new lawsuit

The Democratic National Committee on Tuesday sued the Trump administration to force it to give up its election plans, according to The New York Times. The Trump
Share
Rawstory2026/03/11 06:21
XRP ‘super fans’ keep ETFs alive despite nearly 50% price dump

XRP ‘super fans’ keep ETFs alive despite nearly 50% price dump

Ripple-linked XRP enjoys one of crypto’s most devoted followings. Illustration: Hilary B; Source: Shutterstock
Share
DL News2026/03/11 05:34