Cancelled voyages take the sting out of spot rate declines this week
Container freight spot rates maintained their downward trajectory this week, as tariff uncertainty continued to ...
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By Sam Whelan
Australia’s terminal operators have offset dwindling container volumes and quayside revenue by hiking controversial ‘port infrastructure’ charges.
According to the Container stevedoring monitoring report 2018-19, published today by the Australian Competition and Consumer Commission (ACCC), throughput at the country’s terminals increased just 0.2% to 7.88m teu – the second lowest rate in a decade.
Furthermore, full container lifts fell 4.9%, compared with a 14.6% uptick in empty container lifts.
“Industry volumes were slightly better when measured on a teu basis, as cargo owners ...
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