Escalating Fuel Surcharges:
With the price of diesel increasing every day, transport companies have been increasing with their Fuel Surcharges over the last few months.
However, in the last 7 days these surcharges have started to sky-rocket and we have no choice but to pass on these increases.
It appears certain that April will see another jump in surcharges, the biggest being in Adelaide and Fremantle, where they are talking 30% or more.
Covid Disrupts China Trade:
In a bid to curb the spread of the Omicron variant, China has locked down the city of Shenzhen from the 14-20 March.
This has resulted in -
The spread of Omicron in China has seen increasing pressure on already over-strained supply chains with a growing backlog of vessels waiting at main ports:
Shanghai / Ningbo: Approx. 260 vessels
Hong Kong / Shenzhen: Approx. 165 vessels
Qingdao: Approx. 72 vessels
It is likely that the shipping disaster that is the China - Australia trade route will continue with high rates, restricted volumes and lengthy delays.
We will endeavour to keep you abreast of changes as they happen and as soon as there is some good news, we will let you know!
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