The Independent Consumer & Competition Commission (‘ICCC’) wishes to inform the industry stakeholders, interested parties, and the general public of the release of the Draft Report on the 2023 Pricing Review for Stevedoring and Handling Services that is provided by all stevedoring companies throughout the country.
The ICCC commenced this review on 24th March 2023. Based on all the submissions received and the ICCC’s own analysis, a Draft Report is now released for further consultations. The Draft Report outlines the Draft Determinations regarding the regulation of stevedoring and handling rates for the next five years, commencing 1st January 2024.
The ICCC’s principal determination is that rates for stevedoring and handling services applying to international containerized cargoes at Motukea port and in the Lae Tidal Basin port will be regulated. As part of this determination, the ICCC has also determined the proposed maximum average tariffs for stevedoring and handling services provided by the International Container Terminal Services Incorporated (‘ICTSI’) through its subsidiaries, Motukea International Container Terminal Limited (‘MITL’), in Motukea; and South Pacific International Container Terminal Limited (‘SPICTL’), in Lae.
The ICCC now invites industry stakeholders, interested parties, and the general public to provide comments and submissions on the Draft Report no later than 4:30 pm on 3rd November 2023.
The timetable for the remainder of this Review process is outlined in the table below:
|Release of Draft Report||4th October 2023|
|Close of Submissions on Draft Report||3rd November 2023|
|Release of the Final Report.||22nd December 2023|
All submissions on the Draft Report should be addressed to:
Mr. Paulus Ain
Commissioner & CEO
Independent Consumer and Competition Commission
2n Floor, POst Officer Building, Nita Street, Boroko
P.O Box 6394, Boroko, 111
National Capital District
Those interested in obtaining a copy of the Draft Report, please refer to the link below: