Increased Booking Fees:
All Port Vehicle Booking Fees as well as empty container park fees will increase from 1st July, 2023 Australia wide to new rates of $ 75.00 and $ 135.00 per container respectively.
The ports and empty parks have all added extra fees to their booking requirements (including energy/power surcharges).
GPSM rates have been adjusted in the GPSM web portal accordingly.
Import DAFF Declaration Fees:
Australian AQIS office has announced an increase in Declaration Fees for Import Air and Sea shipments effective from 1st July, 2023.
Full air declarations will increase from $ 38.00 to $ 43.00 per shipment, while the fees for sea shipments will increase from $ 58.00 to $ 63.00.
Airline Handling Fees:
Air Cargo Terminal Operators have announced a further increase in their handling costs effective from 1st July, 2023.
The Airline Airway Bill fee will increase by $ 2.00 to $ 69.00/shipment and the Airline Transfer/Terminal Fees will increase by $ 0.02/kg to $ 0.69/kg.
The revised rates have been updated in the GPSM rates portal.
Shipping Line Results:
Shipping Line Q1 results showed EBIT dropped 81% year on year in 2023-Q1 to USD$7bn.
Indications of a market weakness emerged in the latter half of 2022, which fully materialized in 2023-Q1 with revenues experiencing a sharp decline of 35% to 70% year-over-year.
This trend is evident in the EBIT/TEU figures, as none of the shipping lines sustained their 2022-Q1 EBIT/TEU levels in 2023.
On average, the shipping lines recorded an EBIT/TEU of USD$330 in 2023-Q1, 81% down on the 2022-Q1 average of USD$1,829.
However it still surpasses the average of USD$53 between 2010 and 2021.
Import Rates from Asia:
Rates to Australia continue for July 2023 at almost record lows due to low volume of traffic moving.
It is the traditional Peak Season period in late July/early August however shipping lines are not expecting a huge increase on current volumes so we expect minimal rate increases in coming weeks.
The shipping lines have been working with their “blank sailing” model that has seen a large number of sailing cancellations to Australia over recent months saving lines on operating costs.
Shipping Line Services:
Sealead Line/Nautilus Line have recently cancelled their second leg service from Singapore/China to Indian Sub-Continent and Mediterranean ports despite only introducing the service earlier this year.
Their services to and from Australia to East and South East Asia are unaffected by the change.
BAL Lines, a new entrant into the China/Australia market have only operated one (1) service per month during May and June 2023, instead of their original weekly schedule, a true reflection of the soft market at present.