As space constraints and capacity continue to tighten around the globe some shipping lines are implementing cancelation fees for cancelled bookings. This can apply to imports and exports to/from Australia. We first reported this a few weeks ago happening on overseas trade lanes. Unfortunately some shipping lines to Aust and NZ have started to implement this fee. As GPSM are searching for suitable space across a wide range of lines and routes, we will notify you if cancellation fees apply to your booking. These fees can be around US$ 500/20’and US$ 1000/40’and maybe subject to change without notice
Generally we do not get a lot of cancellations from customers so it may not have a large effect but please bear this in mind if you are swapping your bookings around for any reason. GPSM will unfortunately have to pass these fees on at costs should they apply.
Sadly this is anther indicator of the state of the global logistics market due to Covid -19 ongoing impacts.