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19 Dec 2019 / Newcastle, Australia

33% Navigation Service Charge increase postponed

A 33% increase in the Navigation Service Charge at the Port of Newcastle will not be implemented as planned on 1 January 2020. It will be delayed at least three months to allow all involved parties to discuss the issue, and the price increase will be held to 4% from 1 January to 31 March.

The port had initially announced that there would be an increase in the Navigation Service charge of 33% from A$0.7809 per GRT to A$1.0424 on 1 January. However, if the port user is willing to sign a binding Long Term Pricing Deed agreement, the increase on 1 January would only be 4%.

Objections were raised that this deed would lock the port user into a ten year agreement under with a minimum of 4% price increase each year, and provide no avenue of complaint in relation Navigation Service Charge increases. There were also concerns about the definition of “port user”.

For further details about the port charge increases and operations in Australia, contact GAC Australia contact GAC Australia at [email protected]

If quoting any content from Hot Port News, please cite GAC Hot Port News as the source.

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