From the 1st of September cork will be exempt from the 15% tariff applied on EU goods exported to the U.S. As there is no domestic cork industry in the U.S. it is considered an "unavailable natural product", so will be able to be exported to...
The future of two of Panama's most strategic ports is still uncertain as it's been announced that public-private partnerships could assume control of the Balboa and Cristobal terminals if the courts strike down the operating contract of Hong Kong-based CK Hutchison Holdings. The announcement follows legal...
The impact of the 50% tariff on all Indian products, as announced by the U.S., has the potential to substantially impact India's economy (if it remains unchanged by Trump and is upheld by the Supreme Court). The U.S. is India's largest export market, accounting for 18%...
An updated National Freight and Supply Chain Strategy has been announced by the federal government. This revised strategy has been developed to support Australia's freight and supply chain sector, which has significantly evolved since the strategy's first iteration in 2019. The National Freight and Supply Chain...
U.S. exports of liquor and wine to Canada have plummeted by more than 60% in the first half of the year as Canadians boycott US alcohol. Shipments of popular US-made whiskeys, rums, gins and other liquors through June to Canadian provinces was around $43.4 million, representing...
Shipping services are steadily resuming across The Red Sea with a mixture of regional, Asia-Middle East, India and Asia-Europe services passing through this trade route. The number of unique service versions across The Red Sea has doubled since Q3 2024, when there was an average...
New Zealand white wines have made a serious splash in China, riding a surge in demand that pushed imports up 136% by volume in July, as shipments from France, Australia and Chile slumped. According to the latest customs data, imports of New Zealand wine surged in...
A U.S. court has ruled that most of Trump's tariffs are illegal, undercutting the president's use of the levies as a key international economic policy tool. These tariffs - enacted using the International Emergency Economic Powers Act of 1977 (IEEPA) - are currently allowed to remain in place...
Following months of frontloading, U.S. retailers are pulling back on ordering for the rest of the year due to a slowing U.S. economy and higher tariff costs. Whilst volumes from Asia to the U.S. hit a six-month high in July, ahead of August tariff deadlines,...
The latest Drewry World Container Index (WCI) Index decreased 3% to US$2424 per 40-foot container this week. This decline and ongoing volatility began after US tariffs were announced in April, which caused rates to surge from May through early June. Subsequently, the market saw a heavy...