31 Jul 2015 / Australia, all ports
Further to the Authorisation granted to AAT [Australian Amalgamted Terminals] by the Australian Competition and Consumer Commission on 3 December 2009 and in particular the pricing conditions of the Authorisation, the published tariffs at all of our terminals have been reviewed, with proposed maximum regulated tariff increases to be effective from 15 July 2015.... ....At all terminals with the exception of Fisherman Islands in Brisbane, no increase in tariffs will occur from their present levels, due to a varying number of factors including cargo throughput forecasts, cost-control measures and lease terms. In Port Kembla in NSW, prices have been held constant since August 2010. In Fisherman Islands tariffs have not been increased since February 2012. Strong volume growth in cargo throughput from 2011 to late 2013, largely offset the need to seek tariff increases despite the usual cost pressures. Cargo volumes have decreased significantly since late 2013, particularly cargoes related to the mining and construction industries, with this trend expected to continue in to the future. AAT operates in an environment of largely fixed costs notwithstanding cargo volume variations and this has led to the pricing model calculating a maximum average increase in regulated charges in of 38%. AAT recognises the difficult trading environment current prevailing, and therefore is proposing a maximum tariff increase of 19%, half of the increase calculated by the pricing model. Despite this increase the FAC for motor vehicles will be $2.56 m3, still at a lower rate than AAT's other major terminal, Port Kembla where it is $2.75m3. Schedules containing the maximum amount of the proposed tariff increase at Fisherman Islands as well as tariffs for these terminals are available at www.aaterminals.com.au.... (For information about operations in Australia contact GAC Ausatralia at [email protected]) Source: Extracts from Australian Amalgamated Terminals Tariff Notification dated 21 April 2015
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