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. January 2025 rates are:
- $713.50 per vessel port call covering arrival and departure, to recover diesel costs for tugs and the pilot launch, and
- $5.58 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
| January 2025 | December 2024 | November 2024 | |
| TEU charge | $5.58 | $4.90 | $4.93 |
| Marine Charge | $713.50 | $626.80 | $630.46 |
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 November 2024 using the published data is 1.9509cpl, resulting in a difference of 0.6137cpl. This has been applied to FAF rates for January 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.