Emergency Bunker Surcharges
Most shipping lines are implementing a new surcharge to cover the rapid cost of Bunker Oil that has risen by an average of 30% – 40% over the last few months. We have received notices from a large number of lines operating in and out of Australia to/from the USA, UK/Europe, South East Asia and Far East Asia.
Some carriers are describing the surcharge as an Emergency Bunker Surcharge, others, where their application to local authorities has been rejected, are now describing it as an Emergency Peak Season Surcharge.
The surcharge will apply to all trade lanes and will be implemented on 1st June 2018, from the information we have to hand at present, with some lines still to decide on their future action, the notified increments are generally around USD 60.00/20ft container and USD 100.00/40ft container, however we have seen one line with a surcharge of USD 75.00/20ft container and USD 150.00/40ft container.
Consolidators have not yet announced a level of charge, however, we believe it will be approximately USD 3.00-USD 4.00 per cbm/1000kgs.
We regret the need to increase costs however the decision is out of GPSM’s hands and is being applied by all shipping line to both contract and non-contract cargoes.
Airline Fuel Surcharge
Airlines operating from Hong Kong to Australia have advised they will increase the Airline Fuel Surcharge from 1st June 2018 from HKD 2.10/kg to HKD 2.60/kg until further notice.
GPSM web rates will be updated to reflect the latest cost increase.
Qingdao Port Closure
China’s Central Government in Beijing has announced that trucks will be banned from entering Qingdao port from June 9th to June 10th inclusive while the SCO (Shanghai Cooperation Organisation) summit is taking place in Qingdao. The summit will be chaired by Chinese President Xi Jinping and will include observer states and many international visitors. This may lead to shipment delays, our Customer Service Team will keep all clients affected fully informed of any shipment detail changes.