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Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
Unit OT 18-35, Level 18, Central Park Towers, Dubai International Financial Centre, Dubai, P.O. Box 18006, United Arab Emirates
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13 Feb 2025 / Australia
Svitzer Australia has announced upcoming adjustments to its public tariff rates, effective from 1 April 2025.
The tariff adjustment for the 2025 year is an average increase of 4.35%. This increase may vary depending on port location and/or licence regime.
According to Svitzer, key factors contributing to this increase include:
- Fleet Renewal and Docking Costs: Double-digit increases in the investment required for fleet renewal. Docking costs have increased ~16%.
- Landside Lease and Property Maintenance Costs: Above CPI (+ ~3%) rises in cost.
- Supplier and OEM Machinery Costs: Rate increases from core key suppliers above CPI (+5 – 7%) in these essential costs.
- Insurance Premiums: Svitzer’s premiums have increased consistent with market average (+14%).
While some of these increases have been offset, the overall impact necessitates the tariff adjustment.
Svitzer also continues to invest in innovative towage solutions they expect will drive port efficiency and safety performance, including the arrival of two new TRAnsverse tugs in Newcastle in mid-2025.
For information about operations in Australia, contact GAC Australia at [email protected]