FAF

FAF (FUEL ADJUSTMENT FACTOR)

Since 01 May 2022, a Fuel Adjustment Factor (FAF) has been added to our marine and container terminal service charges.

The FAF is levied in two parts and updated monthly. May 2025 rates are:

  • $678.62. per vessel port call covering arrival and departure, to recover diesel costs for tugs and the pilot launch, and
  • $5.31 per TEU, to recover diesel costs for cranes, top lifters, generators and other diesel usage on port.
  • DLRs (Discharge, Land and Restows) and Transhipments are exempt from the FAF.

The FAF is updated monthly, in arrears, based on actual monthly fuel-price movements (compared with average fuel costs from FY2021).

Recent FAF rates summary

  May 2025 April 2025 March 2025
TEU charge $5.31 $5.71 $6.84
Marine Charge $678.62 $730.94 $874.33

 

Calculation methodology

The mechanism for calculating the FAF is:

  • The base rate used is the average rate for our 2021 financial year (Oct 20 – Sep 21): 133.72cpl
  • Data is sourced from MBIE’s weekly table of diesel prices.
  • The calculated average rate during March 2025 using the published data is 1.9209cpl, resulting in a difference of 0.5837cpl. This has been applied to FAF rates for May 2025.
  • We publish the monthly average rate on our website, with one month’s notice.
  • The updated FAF is currently calculated monthly. This frequency will be reviewed periodically, and may be changed depending on the general volatility in diesel price movements.