None
NL
Major regulatory change needed to address rising port charges
['Emma Alsop']
Sheep Central
“Over the years, landside charges have gone from a relatively small part of revenue to a major driver of profit for the industry.
More than $642M of the $1.15B in landside charges revenue came from TAC alone, which stevedores previously described as infrastructure levies.
“In 2010-11, they came into the market at $3.50 a container and…now down the track they’re over $200 per container,” Mr Jensen said.
In this meeting, ministers endorsed a plan to nationalise Victoria’s voluntary guidelines for stevedore landside charges.
While welcoming the news of the working group, Mr Jensen was less optimistic about the voluntary code.