Svitzer Australia Annual Tariff Review

14 Mar 2024 / Australia

Svitzer Australia has announced the annual review of the public tariff rates for its towage and marine services for 2024.

The company reviews its public tariff rates annually, and is guided by several factors including inflation, internal costs and forward investment profile.

With the above factors in mind, Svitzer’s public tariff increase for 2024 has been retained to an average of 5.2%, effective from 1 April 2024. There are variances in the final public tariff increase dependent on port location and licence regime.

The tariff adjustment reflects:

  • Labour (crew cost) increases of greater than 5% per annum with a new 4-year Enterprise Agreement secured (labour cost escalation was effective from 1 January 2024)
  • Significant vendor cost increases including double digit increases in CAPEX and OPEX costs. For example, on average: Docking cost increases (~15-20% increase YoY)
  • Contractor cost increases (~20% increase YoY)
  • Landside lease cost increases of ~CPI +3%
  • Cost increases associated with meeting enhanced emergency response crewing requirements.

A full schedule of the rates is available on Svitzer’s website at www.svitzer.com/tariffs-2024.

For further details, as well as information about operations in Australia, contact GAC Australia at [email protected]

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