News
LATEST UPDATE – Fuel prices increase globally
Attention: Shipping Manager
The current situation in Ukraine and Russia continues to impact the global supply chain negatively.
Fuel prices globally have spiked to a historic high amid the Russia-Ukraine conflict and are expected to continue to increase in the weeks ahead. Soaring fuel costs due to current instability in Europe have resulted in massive shipping fuel increases globally.
As a result, shipping lines will be passing along higher fuel costs and emergency fuel surcharges in addition to substantial BAF (Bunker Adjustment Factor) increases also having been announced. Furthermore, we are seeing surging fuel levies from trucking carriers. Some are charging this as increased cartage prices while others are charging a higher fuel surcharge or an emergency fuel surcharge.
These price levels are unprecedented and with the situation changing rapidly, the prices are fluctuating continually. Unfortunately, these increases are beyond our control and we have no option but to pass on these costs when received.
- Fuel Levy Increase in Sydney/Melbourne/Brisbane/Adelaide:
Fuel Levy in Sydney, Melbourne and Brisbane has increased to 22% for all LCL and Airfreight pickups/deliveries, effective immediately.
In Adelaide, Fuel Levy has also increased to 22% for all FCL, LCL and Airfreight pickups/deliveries, effective immediately.
Please note this is applicable for pickups and deliveries within metro areas only and is subject to change – fuel surcharge for regional and interstate areas will be higher and will vary depending on location.
- Airfreight Emergency Cartage Fuel Surcharge ex USA:
Effective 14th March 2022, an Emergency Cartage Fuel Surcharge will be applied to all airfreight inland cartage from the USA to Australia. The new surcharge will be 15% on top of airfreight inland pickups. This is subject to change.
We will keep you updated with further information as it comes to hand.
