Port of Brisbane hikes up freight charges

Port of Brisbane cargo slapped with fee increase of up to 11.1 percent from December

August 25, 2009

The Port of Brisbane Corporation (PBC) will increase its port charges for the first time in 27 years, blaming worsening economic conditions for the six percent hike.

PBC Chief Executive Jeff Coleman says the new charges will be effective from the beginning of December, and will apply to all cargo except coal, which will be subject to an even higher increase of 11.1 percent.

"It is no longer viable to keep our charges unchanged in this environment, an increase while not desirable is simply unavoidable," Coleman says.

"We have invested $790 million in capital expenditure in the last five years alone, and it is critical that we continue this funding for the future growth at the port."

Coleman also maintains enough time has been given to port customers to incorporate the rising costs into their budgets and the new fees will mean more can be done to improve the rapidly growing facility.

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