Australian box terminal operators offset falling volumes by hiking fees

Australia’s terminal operators have offset dwindling container volumes and quayside revenue by hiking controversial ‘port infrastructure’ charges.
According to the Container stevedoring monitoring report 2018-19, published today by the Australian Competition and Consumer Commission (ACCC), throughput at the country’s terminals increased just 0.2% to 7.88m teu – the second lowest rate in a decade.
Furthermore, full container lifts fell 4.9%, compared with a 14.6% uptick in empty container lifts.
“Industry volumes were slightly …

The post Australian box terminal operators offset falling volumes by hiking fees appeared first on The Loadstar.

Source: The Loadstar

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