The South Australian Minister for Trade is leading a delegation to Dubai to leverage Australia's free trade agreement with the United Arab Emirates (UAE) and increase air freight capacity between the two nations. Both nations signed the Comprehensive Economic Partnership Agreement (CEPA) which takes effect mid-2025...
There has been a significant rise in agricultural exports such as Australian beef, honey, sugar, and lamb exports, as well as a solid boost in two-way trade since the broad removal of tariffs under the 2023 Free Trade Agreement (FTA) between the UK and Australia. In...
The International Longshoremen's Association is expected to submit a tentative contract with port employers United States Maritime Alliance (USMX) for review within days. Once the committees approve the terms of the contract, it will be sent to union members for a ratification vote, which could see...
The Australian Government will invest an additional $7.2 billion to upgrade Queensland's Bruce Highway, which is a critical north-south corridor connecting Brisbane to regional centers like Bundaberg, Rockhampton, Mackay, Townsville, and Cairns. The Bruce Highway, which spans 1,673kms, supports 62% of Queensland’s population and plays a...
The Port of Newcastle has expanded its trade offerings, handling over 2,500 passenger and heavy vehicles during the Christmas and New Year period. This follows its October approval by the Department of Agriculture, Fisheries and Forestry (DAFF) as a first point of entry for passenger...
The latest Drewry World Container Index (WCI) increased this past week by 3% to US$3905 per 40-foot container this week. The average composite index for the year to date is US$3905 per FEU, which is US$1040 higher than the 10-year average rate of US$2865. The following...
Shanghai Port achieved a historic milestone in 2024, becoming the first port worldwide to handle over 50 million TEUs annually, setting a new global record in the history of port container transport and solidifying its position as the world’s busiest container port for 15 consecutive...
The 3-day stocktake visit for the India-Australia Comprehensive Economic Cooperation Agreement (CECA) was held in New Delhi in December 2024. This meeting marked a significant step in strengthening trade and strategic ties between the two nations. Discussions focused on several key areas of the CECA, including...
The new year has seen multiple ocean carriers announce new surcharges, from ‘Labor Interruption Surcharges’ through to ‘Emergency Operational Surcharges’ and more, all due to commence mid-January on the North Europe to US trade lane. These are all due to activate at the same time...
The Maritime Union of Australia (MUA) has notified Qube Ports of further protected industrial action for participating members at the Port of Brisbane in response to stalled negotiations amid the expiration of the last employment agreement. The industrial action will involve a total of 168 consecutive...