PA system gives birth to no profit

The Korea Shipowner's Association held their 7th board meeting on Dec
. 8th and deliberated over main issues such as the progress of the Por
t Authority (PA), appropriate measures for it, resistance measures aga
inst wharfage, which planned for ship owners to pay, and countermeasur
es against the tendency toward single-hull tankers.

In this meeting, most participants showed resistance against the intr
oduction of the PA because the Terminal Operating Company (TOC) system
has already settled down.

They insisted that the PA system would not be profitiable and would r
equire more money relating to the use of port facilities.