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Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
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27 Mar 2017 / Fisherman Island, Australia
Australian Amalgamated Terminals (AAT) has undertaken a rate review on its terminals. As a result, tariffs will remain the same at Melbourne and Port Kembla and will increase at Fisherman’s island.
The proposed rate increases for Fisherman Island are scheduled to take effect on 1 July 2017. The rate increases are undertaken in accordance with the annual price review process outlined in Clause 2 of Schedule 5 of the Undertaking. A copy of the Undertaking is available at www.aaterminals.com.au….
…AAT has completed this review and propose not to increase tariffs in Melbourne given the changing circumstances, but reserves its right to review this in the future. AAT has also successfully diversified and grown the throughput in Port Kembla with growth in bulk commodities including grain, fertiliser and cement which has afforded a further stay of any rate increases, to the benefit of all users.
However, at Fisherman Island AAT will be increasing rate. AAT Fisherman Island volumes remain depressed in cars and project cargoes. In addition, container volumes continue to decline due to increased capacity from the three container terminal operators and the container pricing restructure resulting from the Infrastructure Surcharge applied by terminals. The falling volumes, together with the loss of revenue from sub leases, the continuing escalation of rent, land tax and outgoings in the port of Brisbane (nearly 30% increase since May 2012), coupled with AAT being required to commence a program of $2.5m capital expenditure on maintenance of the terminal has adversely impacted earnings. The result of these factors is that a rate increase is necessary….
(For information about operations at Australia ports contact GAC Australia at [email protected])
Source: Extract from Australian Amalgamated Terminals (AAT) letter dated 23 March 2017