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RATE RESTORATION – PAPUA NEW GUINEA and SOLOMON ISLANDS

09/09/2021

Dear Valued Customers,

After a long period of declining ocean freight rates and escalating operating costs with equipment shortage and capacity crunch, Swire Shipping is announcing the implementation of a rate restoration for cargo moving from Papua New Guinea and the Solomon Islands which is necessary to maintain our existing supply solutions.

Swire Shipping is committed to maintaining its highest level of service in this core trading region and this rate restoration is required to ensure we can continue to provide extensive port coverage and long-term sustainability of these services.

From Papua New Guinea, Solomon Islands
To New Zealand, Australia, American Samoa, Cook Islands, Fiji, French Polynesia, Kiribati, Marshall Islands, Nauru, New Caledonia, Niue, Tonga, Western Samoa, Vanuatu, Wallis and Futuna
Rate Restoration Quantum
20′ FCL: USD 500
40′ FCL: USD 1,000
Breakbulk USD 30.00 per revenue ton

The increase which will be applied to ocean freight (OCF), and are payable by the freight payer, will become applicable for any shipment with a Bill of Lading date of October 1st or later.

We thank you for your understanding of the investment Swire Shipping has to make in order to maintain our expansive coverage of services from and into the Islands.

We appreciate your continued support. Please do not hesitate to contact your local Swire Shipping representative for more information on how we can support your business requirements.