Impact of Red Sea Drone Attacks
In recent weeks, the global shipping industry has faced significant disruptions due to escalating drone attacks on vessels navigating the Red Sea. These attacks have prompted major shipping companies like Maersk, Hapag-Lloyd, CMA CGM, and MSC to suspend passage through this maritime route until further notice.
Several major shipping companies, responsible for transporting a diverse range of goods including food, clothing, pharmaceuticals, industrial machinery, and energy supplies, have made the cautious yet imperative decision to halt passage through the Red Sea. This strategic waterway serves as a crucial link between the Mediterranean Sea via the Suez Canal, facilitating approximately 10% of the world’s trade.
The implications of this disruption extend globally, the Australian Peak Shippers Association and Freight and Trade Alliance have highlighted the repercussions for Australia’s trade, citing the potential for increased transit times, additional surcharges, and heightened costs for goods.
These attacks have led to increased insurance costs and concerns regarding the safety of vessels and their crews. As a consequence, prolonged closure or heightened risk in the Red Sea could further elevate expenses, especially affecting the supply of oil and natural gas, already strained by wider inflationary pressures.
The effects on transit times are expected to be substantial, potentially adding up to 10 days to shipments destined for North Europe and Mediterranean ports. Furthermore, the potential withdrawal of insurance policies for vessels passing through this region or the declaration of the Red Sea as a ‘war zone’ could limit shipping lines’ options, significantly impacting international trade flows.
While the global oil market has, for now, absorbed these attacks with prices remaining relatively stable, the overall concern revolves around weakened demand in major economies rather than immediate market volatility.
In summary, the current situation underscores the fragility of global supply chains and the interconnectedness of international trade. As discussions and engagements continue to address the safety concerns in the Red Sea region, the impact on shipping schedules, costs, and the availability of goods remains a concern.
We can only monitor this evolving situation and prepare for potential adjustments in shipping schedules, costs, and overall trade dynamics in the coming days.
Given the fallout from the Ever Given being stranded in the Suez Canal in March 2021, this current suspension of passage through the Red Sea is likely to have an instant impact on global rates and transit delays and serves as a stark reminder of the vulnerabilities within international shipping routes.
We understand the potential concerns and challenges this situation may pose to your operations and supply chains and encourage you to reach out to your Customer Service Report or Key Account Manager with any questions or concerns you might have regarding the impact on your shipments, schedules, and pricing.
EU Emissions Trading System (ETS) Introduced from January 1st, 2024
Stockwell International would like clients to be aware of the introduction of a new surcharge coming in from Europe in the new year – Emissions Trading System surcharge.
What is the EU ETS?
The EU ETS, or Emissions Trading System, sets a “cap” on the emissions that companies in certain industries produce and requires them to obtain allowances that equal their emissions above the cap at the end of each year. As other industries under the EU ETS do today, Shipping lines will now need to purchase and surrender ETS emission allowances, or EU Allowances (EUAs), for each ton of CO2 emissions reported under the scope of the system.
Where does EU ETS apply to shipping emissions?
All emissions from ships calling at an EU port for voyages within the EU (intra-EU) as well as 50% of the emissions from voyages starting or ending outside of the EU (extra-EU voyages), and all emissions that occur when ships are at berth in EU ports will come under the remit of the EU ETS. A phased-in approach of EU ETS will be implemented for our industry over the next three years that will see 40% of total verified emissions calculated from 2024, 70% in 2025, and 100% in 2026.
It will be charge at EUR 48/teu (please note this cannot be included in freight, and it will be charged as a subject to charge)
For any further information, please contact [email protected].
Chinese New Year 2024 – Space Becoming Limited
Chinese New Year is fast approaching and Stockwell International would like clients to be aware of the notification we are receiving regarding limited space available in the lead up to the CNY holiday period.
If you are needing to book space on a vessel to arrive before or during the CNY period, please contact your Key Account Manager or Customer Service Representative.
For further information, contact [email protected].
Ocean Rates, Southbound Rate Restoration, Transport Wharf Charges, Fuel Levy, Empty Container De-Hire Timeframes
LCL Booking Fee
Effective 1st January,2024
LCL: $45
GRI
Effective January 1st 2024
North East Asia to Australia
Per TEU | $300
Southbound Rate Restoration
BAF Charges
Low Sulphur Adjustment (LSA) – Effective January 1st, 2024
Asia to Australia
Southbound – USD
20’GP – 202
40’GP/HQ – 404
20’RF – 303
40’RQ – 606
Northbound- USD
20’GP – 95
40’GP/HQ – 190
20’RF – 143
40’RQ – 285
Asia to New Zealand
Southbound – USD
20’GP – 210
40’GP/HQ – 420
20’RF – 315
40’RQ – 630
Northbound- USD
20’GP – 156
40’GP/HQ – 312
20’RF – 234
40’RQ – 468
Australia to New Zealand
Southbound – USD
20’GP – 77
40’GP/HQ – 154
20’RF – 116
40’RQ – 231
Northbound- USD
20’GP – 164
40’GP/HQ – 328
20’RF – 246
40’RQ – 492
Panama Canal Low Water Surcharge (PLW)
Effective January 1, 2024
USD 255.00/20′ container
USD 300.00/40′ container
FURTHER UPDATED Transport Wharf Charges
Effective January 1st, 2024
Sydney
Wharf Booking Fee $90.00
Infrastructure Fee $235.00
Empty Container Park Fee $160.00
(Was previously known as Empty Booking Fee)
Weighbridge Fee $20.00
Sideloader Levy $120.00
Terminal Energy Surcharge $7.50
Melbourne
Wharf Booking Fee $90.00
Infrastructure Fee $235.00
Empty Container Park Fee $125.00
(Was previously known as Empty Booking Fee)
Weighbridge Fee $20.00
Sideloader Levy $120.00
Terminal Energy Surcharge $7.50
Brisbane
Wharf Booking Fee $90.00
Infrastructure Fee $235.00
Empty Container Park Fee $130.00
(Was previously known as Empty Booking Fee)
Weighbridge Fee $20.00
Sideloader Levy $120.00
Terminal Energy Surcharge $7.50
Adelaide
Wharf Booking Fee $85.00
Infrastructure Fee $195.00
Empty Container Park Fee $110.00
(Was previously known as Empty Booking Fee)
Weighbridge Fee $50.00
Sideloader Levy $120.00
Terminal Energy Surcharge $7.50
Fremantle
Wharf Booking Fee $110.00
Infrastructure Fee $95.00
Empty Container Park Fee $125
(Was previously known as Empty Booking Fee)
Weighbridge Fee $20.00
Sideloader Levy $120.00
Booking Admin Fee $30.00
Terminal Interface Fee $75.00
Terminal Energy Surcharge $7.50
Fuel Levy
Effective 1st November 2023
NSW/QLD/VIC – 26%
WA – 30%
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.
