Emergency Fuel Surcharges:
Shipping Lines are reviewing the introduction of Emergency Fuel Surcharges from Asia, and same are expected to be implemented from 1st April 2026, although no final decision has been made at present. One shipping line has already implemented the Surcharge effective 22nd March from Korea, Taiwan and Japan to Australian and New Zealand ports, in the form of adding a Low Sulphur Surcharge (previously included in the rates) or an Emergency Fuel Surcharge from these areas of USD 150.00/20ft and USD 300.00/40ft FCL.
The same rate has been applied from SE Asian ports in Singapore, Malaysia, Indonesia, Thailand and Vietnam as well as ports in Bangladesh, Pakistan, India and all Middle east ports.
Other carriers are yet to announce their intentions, however we do expect they will implement surcharges in some form from April, we will provide further details as soon as possible.
Trucking Fuel Levies:
The local cost of diesel fuel continues to increase every few days, with the latest diesel Terminal Gate Price (TGP) data showing that TPG diesel pricing has continued to soar (percentage increase between 2nd March 2026 to 20th March 2026) was between 69.62% and 71.54% across the nation.
The average TGP of diesel on Friday, 20th March ranged between 280.9 cents per litre (cpl) to 287.5 cpl, with the National Average being 282.4 cpl, up from an average of 165.0cpl earlier in March.
Most trucking companies around the country have changed to a weekly fuel levy update and GPSM will be forced to do the same as fuel contributes a significant amount to our costs. The fuel levies we are seeing from many truckers at present are unprecedented and are well above the rates being applied by GPSM.
Moving forward we will announce each Friday the percentage levy for all pick-ups and deliveries for the following week until the price of fuel stabilises again.