BULLETIN : OCEANFREIGHT : INCREASES IN LSS AND WHARF INFRASTRUCTURE CHARGES

Effective from 1^st January 2020 the International Maritime Organisation Low (IMO)  Sulphur Regulation came into force requiring all sea-going vessels to comply and reduce sulphur emissions by 85%.

Compliance standards deemed fuel oil must be reduced from 3.5% to 0.50% to reduce the amount of sulphur oxide emissions, hence delivering an improvement in air quality and reducing risks of acidification in our oceans.

Recent publications from carriers announce increases in the original levels to be effective 1^st March 2020, with rate levels to vary depending on carrier routes.

Current surcharge guide for March 2020

Containers : USD 100 – 150/ teu

LCL               : USD 7-9 per cbm/ wm

WHARF INFRASTRUCTURE CHARGES

Australian port terminal operators have published increases of infrastructure surcharges to be applied from 9^TH March  2020. The quantum of increase between AUD 20 – 30 per container is prepaid to terminals to allow release of the container from the wharf and will be billed at shipment level.

LCL levels will be in the vicinity of AUD 9.00 per w/m.

Please note our guide showing current levels in addition to published quantum’s for March 2020 alongside  the charge code that will continue to appear on your billing, albeit regretfully at an increased level.

Should you have any questions on this subject matter please do not hesitate to contact our office directly.