SIMIC

The two San Pedro Bay ports have seen a combined decline of 49 per cent in aging cargo on the docks since the programme was announced on October 25.

The executive directors of both ports will reassess fee implementation after monitoring data over the next week. Levying fines has been postponed by both ports since the start of the programme.

Under the temporary policy, ocean carriers can be charged for each import container dwelling nine days or more at the terminal. Currently, no date has been set to start the count with respect to container dwell time.

The ports plan to charge ocean carriers US$100 per container, increasing in $100 increments per container per day until the container leaves the terminal.

The perpetually postponed fines were developed with the "Biden-Harris Supply Chain Disruptions Task Force" and US Department of Transportation.