Public Holiday – Brisbane Ekka People’s Day
Stockwell International would like clients to be aware of the Brisbane Public Holiday (Ekka’s People’s Day) on Wednesday 16th August 2023.
Offices, ports and warehouse will be closed on this date. Our Brisbane office/warehouse will return to operations on Thursday 17th August 2023.
Stockwell International’s other offices will be open and available to answer any questions you may have during this time.
Contact [email protected] or call 1300 786 468.
Increased Port Charges in September
Stockwell International has received notice from shipping lines regarding the increase of port charges effective 1st of September.
Stockwell International will continue to update you with any confirmed changes to port charges as soon as we receive them.
BMSB Fact Sheet to Download
Stockwell International have put together a fact sheet of everything you need to know about BMSB season which starts September 1st, 2023.
Download our BMSB Fact SheetHERE
If you have any issues downloading your copy, contact [email protected] to have one sent to you!
US Supply Chain Disruption – Yellow Trucking Bankruptcy
Stockwell International would like clients to be aware of the continual disruption of the US supply chain due to the Yellow Trucking Bankruptcy.
Stockwell’s have posted updates regarding this ever-changing situation on our social media.
Yellow Trucking Company, a 99-year-old player in the trucking industry, filed for bankruptcy on July 30th, sending shockwaves throughout the US supply chain landscape and beyond. With a history of providing crucial transportation services at lower-than-average costs, the sudden bankruptcy has triggered a series of negative effects on the supply chain discussed below.
Carriers affected:
1. YRC Worldwide
2. New Penn
3. Holland
4. Reddaway
Disrupted Shipping Network: Yellow Trucking Company’s bankruptcy has created a significant disruption in the shipping network. The sudden absence of the company’s fleet of over 12,000 trucks and 30,000 workers historically moving around 50,000 shipments per day has let an enormous void in the transportation infrastructure that competitors are struggling to fill. The capacity shortage and terminal changes resulting from this sudden absence of workforce may result in transportation delays, thereby increasing inland transit times. Proactive and transparent communication regarding order readiness between suppliers and forwarders will be of utmost importance to ensure cutoffs and deadlines are not missed with the consideration of possible delays. It is also recommended that buyers order ahead, giving themselves a buffer space in the event of inland delays.
Supply Shortages: The sudden halt in Yellow’s operations has led to supply shortages in various sectors. Businesses relying on the company’s services are facing difficulties in transporting goods, which could lead to delays in restocking shelves and fulfilling orders.
Capacity Strain on Competitors: In response to the bankruptcy, other trucking companies have stepped in to fill the gap. However, this surge in demand has strained their capacity and resources. Competitors are struggling to manage the increased workload, potentially resulting in delays and service challenges.
Potential Price Increases – Three factor rate increases:
1. The disruption caused by Yellow’s bankruptcy could lead to supply shortages, driving up demand for available transportation services. This increase in demand, coupled with reduced supply, might contribute to higher transportation costs. These increased costs could eventually translate into higher consumer prices for goods.
2. This disruption will also lead to capacity shortages, further driving up demand and therefore costs for available transportation services.
3. Yellow was known for their lower-than-average trucking rates. We can expect competitors to take advantage of the absence of low rates by increasing theirs.
Shipments currently booked with Yellow Trucking Company or one of its subsidiaries will need to be immediately rebooked with another carrier. Due to the void left in the transportation infrastructure, we can expect capacity to be scarce, and rates to increase as our infrastructure adapts to the new environment.
Stockwell International will continue to keep clients updated with any impacts this industry change has and will continue to find the best solution to provide optimal carrier reliability and price mix for collections and deliveries.
Panama Canal – Draught Restrictions Imposed and New Surcharges
Evergreen’s latest addition to its neo-panamax fleet had to offload 1,400 containers to pass through the Panama Canal, due to low-water restrictions. The event starkly highlights the problems the vital waterway and its users are now facing.
The Ever Max, capable of carrying 17,312 teu and delivered to Evergreen in June, had to offload the boxes before it could enter the canal’s neo-panamax locks. They had to be moved by rail across the isthmus for pick-up at the Atlantic end of the waterway. The cause was draught restrictions imposed by the Panama Canal Authority (ACP) in response to persistent low water levels from the drought that has hampered transits since May.
ACP imposed a draught restriction to 44.5ft from 24 May, which increased to to 44ft one week later. According to ACP, it takes around 50 million gallons of fresh water to move a ship through a lock. The panamax locks lose more fresh water than the neo-panamax locks, which have a recovery system that can reclaim 60% of the water.
Container lines like CMA CGM and Hapag-Lloyd have reacted to the restrictions by adding canal transit surcharges ranging from $300 per teu to $500. Until the Ever Max arrived carriers did not have to offload containers to meet the draught restrictions, opting to limit loads at origin – although this has translated into significant load reductions. According to one estimate, the 44ft limit calls for a reduction of up to 40% on a neo-panamax vessel.
And relief is not in sight, as the rainy season has failed to raise water levels. Last week canal administrator Ricaurte Vásquez called the situation “unusually severe” and warned that “significant restrictions” would remain in place until September next year.
Ocean Rates, Southbound Rate Restoration, Transport Wharf Charges, Fuel Levy, Empty Container De-Hire Timeframes
Ocean Rates
Effective September 1st, 2023
Northeast Asia to Australia
20FT | $150 USD
40FT | $300 USD
Southbound Rate Restoration
Effective August 1st, 2023
China, Hong Kong, Japan, Korea & Taiwan to Australia & New Zealand
Per TEU | $150 USD
Transport Wharf Charges
Effective July 1st, 2023
Sydney
Wharf Booking Fee $75.00
Infrastructure Fee $210.00
Empty Booking Fee $125.00
Direct De-Hire Surcharge $55.00
Weighbridge Fee $20.00
Sideloader Levy $100.00
Terminal Energy Surcharge $7.50
Melbourne
Wharf Booking Fee $75.00
Infrastructure Fee $210.00
Empty Booking Fee $110.00
Direct De-Hire Surcharge $55.00
Weighbridge Fee $20.00
Sideloader Levy $100.00
Terminal Energy Surcharge $7.50
Brisbane
Wharf Booking Fee $75.00
Infrastructure Fee $210.00
Empty Booking Fee $110.00
Direct De-Hire Surcharge $55.00
Weighbridge Fee $20.00
Sideloader Levy $100.00
Terminal Energy Surcharge $7.50
Adelaide
Wharf Booking Fee $85.00
Infrastructure Fee $195.00
Empty Booking Fee $110.00
Weighbridge Fee $50.00
Sideloader Levy $100.00
Terminal Energy Surcharge $7.50
Fremantle
Wharf Booking Fee $80.00
Infrastructure Fee $85.00
Empty Booking Fee $110.00
Weighbridge Fee $20.00
Sideloader Levy $100.00
Booking Admin Fee $30.00
Terminal Interface Fee $75.00
Terminal Energy Surcharge $7.50
Fuel Levy
NSW/QLD/VIC – 25%
WA – 26%
SA – 32%
Empty Container De-Hire Timeframes
Please note: Empty container de-hire timeframes differ in each state.
NSW/QLD/WA || Require 72 hours notice to arrange pick-up of empty containers
VIC/SA || Require 48 hours notice to arrange pick-up of empty containers.
These timeframes do not include weekends or public holidays. Please note that notifications made after Midday are not considered ‘Same Day’. The following business day will be considered as day 1
