Freight rates continue to surge
By Andrea Dyson | Posted 19 August 2021
Inbound and outbound freight rates are continuing to rise. It’s not the news we like to share, but the industry is going through one of its toughest ever times and the effects on businesses like you are unfair but unfortunately unavoidable.
Currently, ex-China rates are sitting at around USD4,000 per 20-foot container and USD8,000 per 40’-foot container with increases seemingly weekly.
Research firm Drewry’s composite World Container index confirmed that the average 40-foot container cost AUD9,421.48 as of 12 August 2021. That’s 358% higher than the same week in 2020, and the 17th consecutive week of increases.
We will continue to ensure our clients achieve the best rates and the most efficient sailings possible, but rates are driven largely by a lack of space. Any advanced notice of bookings is appreciated and could assist in minimising delays, especially leading into the peak season. Check out some of our sailing schedules to give you an idea of timing.
If you are concerned about how these rates will affect your upcoming shipments, please us call on (02) 8339 1844.
More cargo port fee increases on the way
Unfortunately, we have recently been notified of a range of new fees coming in at container terminals across Australia. Where possible, we will try to minimise future outlays for our clients, but most will be out of our control. A quick snapshot of the key fees coming into place:
Empty Park Fees
Empty Park Fees will increase on all containers at all major ports from Monday 23 August 2021.
LCL Timeslot Fee
Also from Monday 23 August 2021, all LCL container parks will be imposing a timeslot fee per shipment for import collections and export deliveries.
Weight Amendment Fee
From Monday 4 October 2021, Patrick Terminals Australia will implement a “Pondus” weighing system to check both import and export containers for misdeclared weights.
A Weight Amendment Fee will apply to all containers determined to have a weight variance of greater than +/- one metric tonne within the documented weight (VGM).
It is vitally important that you declare the weight of your goods as accurately as possible to avoid the fee.
VBS Slot Fees
The Symons and Clark Container Park in Adelaide have also increased their VBS Slot Fee for all containers collected or dehired as of Friday 13 August.
If you would like to find out more about these fees, please us call on (02) 8339 1844.
We also have a helpful guide with 8 tips for saving time and money on your next shipment.
