Sydney Ports to Increase Charges

Australia’s Sydney Ports Corporation will increase charges to help fund infrastructure investment, CEO Grant Gilfillan has announced.

Navigation service charges, container wharfage and security charges will increase from 1 July 2009.

As a result, the maritime security charge for full international import and export containers will increase to $1.60 from $1.50 TEU.

According to Gilfillan, this increase will enable Sydney Ports to maintain high-quality security services at major port facilities and help fund patrols of waterside exclusion zones.

However, the corporation needs additional revenue to fund the ongoing construction of a third terminal at Port Botany and other capital expenditure programmes.

By staff writer