Representatives for the Port of Newcastle have welcomed the news that IPART has been appointed as the independent valuer under the Port of Newcastle Extinguishment of Liability Act 2022. This appointment is one of the final steps which will enable the Port of Newcastle to compete...
During the recent earthquake, which devastated Turkey, Iskenderun Port was severely damaged. Subsequent to the earthquake, the terminal was also hit by a severe blaze that lasted for three days and destroyed around 3,670 containers. In addition, more than 1,200 buildings have been destroyed in...
As freight levels return to lows not experienced since before the COVID-19 pandemic, there are growing concerns of a container glut across some of China's busiest ports such as Shanghai and Yantian (Shenzhen). As orders of manufactured goods from Chinese SMEs and exporters fall, the balance...
In February 2023 Cyclone Gabrielle left a trail of destruction across New Zealand (NZ). Given NZ is a predominantly agriculturally driven economy; the damaged infrastructure and disrupted transportation networks are expected to have a significant impact on the nation's supply chains. Reports indicate that the cyclone...
Recently our founder and CEO Rachael Budd was interviewed by Supply Chain Partners for an in-depth discussion about How to Navigate the New World of Shipping. Due to be released in a few short weeks, we can't wait to share this with you. To listen...
The tail end of 2022 saw numerous factors such as a decrease in volume and the alleviation of port congestion across major port locations contribute to a reduction in freight rates. As such, according to Freightos data, freight rates fell across the board in the final...
The first seven weeks of 2023 has seen 50+ Asia-Europe westbound sailings cancelled, with the chance that carriers could decide to blank more sailings if demand continues to decrease more than expected. According to Alphaliner, Ocean Alliance members CMA CGM, Cosco, OOCL and Evergreen have voided...
China has agreed to a meeting with Australia's Trade Minister Don Farrell, raising wine exporters' hopes that current trade restrictions may be lifted, allowing for the free flow of Australian wine into the Chinese market. These trade restrictions, put into place in March 2021 amid rising...
The Australian Maritime Safety Authority (AMSA) is currently conducting compliance sampling of containers to verify that the Verified Gross Mass (VGM) requirements of Marine Order 42 (Carriage, stowage and securing of cargoes and containers) 2016 ('MO42') are being met. The MO42 requires shippers to ensure that...
Progress plans are underway for a $400-million intermodal freight terminal linked to the Port of Melbourne. This will form an integral element in the Victorian government's $58-million Port Rail Shuttle Network, which involves developing and upgrading rail connections and intermodal terminals, specifically in Somerton, Altona...