Congestion at the Port of Vancouver is expected to worsen over the coming weeks due to the combination of restricted access to inland rail links and deteriorating liner schedule reliability as the alliance reshuffle continues. Tiered operating restrictions have been in place in response to severe...
The US has proposed charging up to US$1.5 million for Chinese-built vessels entering the country's ports, starting at $500,000 for a vessel operator whose fleet consists of even just one Chinese-built ship, or that has an existing order with a China shipyard. In addition, a...
Hong Kong based logistics organisation, CK Hutchison Holdings has announced plans to sell a majority stake in a business that controls two key ports in Panama to a consortium of US-investment firm BlackRock and MSC of Geneva in a deal worth almost $23bn. Whilst CK Hutchison...
As the impacts of ex-Tropical Cyclone Alfred continue to unfold across Queensland, container terminals and empty container depots are returning to service at the Port of Brisbane. The ongoing impact of Cyclone Alfred has seen destructive winds, localised flooding, power outages and significant road debris, creating...
Software solutions provider OneStop has announced its latest collaboration with ACFS Port Logistics, with an upcoming integration of the e-Depot and e-Rail Appleton facilities in Victoria. This collaboration will deliver more efficient container transactions by harnessing the power of OneStop Modal and the Vehicle Booking System...
A new green logistics facility in South Auckland will help boost access to steel construction materials needed for New Zealand's major infrastructure and renewable energy projects. The new $25 million, 15,400m2 purpose-built logistics facility at Drury South Crossing can store over 12,000 tonnes of steel, around 2.1...
Containerised exports from 18 Asian countries to the US hit a record high of 21.45m TEU last year, according to figures compiled by the Japan Maritime Center. This peak is attributable to factors such as the Red Sea crisis, a resilient US economy, fears over US...
Despite the muted trading activity since China's new year holiday, spot rates on most major east-west ocean trades continued to show slight declines. In recent weeks, Drewry's World Container Index (WCI), transpacific routes and Xeneta's XSI Far East-North Europe route all saw spot rates fall. The...
The latest Drewry World Container Index (WCI) decreased this past week by 3% to US$3855 per 40-foot container this week. The average composite index for the year to date is US$3915 per FEU, which is US$1045 higher than the 10-year average rate of US$2865. The following...
Amidst a challenging market, South African wines grew their market footprint by 4.3% in value, reaching $562m at the end of 2024, with the UK, Germany and Netherlands the top three export markets. Whilst the market for bottled wines proved stable, growing by 4% to reach...