Sydney Port Congestion: Empty Container Parking and Vessel Delays
The port of Sydney, Australia is currently experiencing severe congestion. The congestion has been caused by multiple factors including industrial actions and bad weather. As a result, the congestion has caused significant vessel delays, Sydney port omissions and change of vessel rotations. Due to an increase in costs, ocean carriers have introduced a Sydney Port Congestion surcharge of USD 280-350 per TEU (Twenty-Foot Equivalent) for any cargo to or from Sydney. Unfortunately, this surcharge also means that LCL (Less Than Container) rates will increase by USD 13 w/m for cargo to or from Sydney. The ongoing issues have prompted shipping line Maersk to temporarily cease accepting any bookings to Sydney until at least Thursday, October 1, 2020. With this port congestion, Sydney is also currently facing a problem with their empty container depots which have reached their capacities. Some have closed their doors for dehiring or returning empty containers. It’s ...