The Infrastructure Surcharge has increased again. Here’s the latest.
Effective today 27 July 2020, the Infrastructure Surcharge (now more appropriately referred to as a Terminal Access Charge) administered by Hutchison Ports increases by 90% ($50 to $94.78) payable for all containers delivered to/from their Brisbane terminal.
As the FTA states, ‘Australian jobs are being lost across all sectors from retail through to our regional communities and farmers. Impacts of drought, bushfres and COVID-19 on the Australian economy and the rapidly changing global trade environment are being compounded by an estimated $300M+ in supply chain costs imposed by stevedores at all major sea freight container ports.’
$300M+ of new supply chain costs at a time of deep uncertainty, reduced demand and economic volatility could be a recipe for disaster. The FTA and APSA (Australian Peak Shippers Association) are campaigning and calling for action to be taken immediately — in order to protect the competitiveness of Australia’s global competitiveness.
As an update, the FTA and ASAP will be speaking with the Federal Government in an attempt to address these concerns twice this week:
3pm, 30 July 2020 – presentation before the Joint Standing Committee on Foreign Affairs, Defence and Trade (JSCFADT) “Inquiry into the implications of the COVID-19 pandemic for Australia’s foreign affairs, defence and trade”.
11.30am, 31 July 2020 – dedicated teleconference with the Deputy Prime Minister
While Infrastructure owners will have been hit by the uncertainty of COVID-19, the continuing port increases border on self-interest at a time when economic recovery and national wealth must be a priority for all.
ACF is updating you on all customs, freight and forwarding news, in Australia and across the world. We’ll keep you the updated as the story progresses this week.