PORT VOLUME BASED SURCHARGE TO INCREASE
Port Kembla, Australia
Port Volume Based Surcharge to increase
Wednesday, May 2, 2018, Port Kembla, Australia
Svitzer has advised that its Volume Based Surcharge (VBS) at Port Kembla will increase to 11.2% from the current 5%, effective from 1 June.
The surcharge was introduced in May 2014 to cater for volume fluctuation. The tug volume for the 12 months ending 30 April 2018 was 3,485 tug jobs – a decrease from the last measurement point in October 2017 (3,621 tug jobs).
The next review period will be for the 12 months ending 31 October 2018, with the new VBS to be introduced 1 December 2018.
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