As part of his election campaign, U.S. President Joe Biden has announced steep tariff increases to a wide array of Chinese imports, which has seen China state their opposition and intention to defend its own interests. These new tariffs affect $18 billion in imported Chinese goods...
Construction work underway to reconfigure landside truck grids within the Terminal has removed approximately 35% of the landside capacity at DP World's West Swanson Terminal in Melbourne, resulting in extreme congestion. This has been compounded by a heavy volume of arriving vessels, which is symptomatic of...
The latest Drewry World Container Index (WCI) increased by 2% to US$4801 per 40-foot container this week, which is 238% higher than average 2019 (pre-pandemic) rates of US$1420. The average composite index for the year to date is US$3443 per 40-foot container, which is $707 higher...
The complexity of the situation in the Red Sea, a critical route for approximately 30% of the world's container traffic, has continued to cause disruption on a global scale. Furthermore, the combination of the challenges across both the Red Sea and Suez Canal over the recent...
Increasing wait times for berths at Singapore, as well as omitting the port in the face of a worsening logjam at Southeast Asia's leading gateway, has seen the Port of Singapore reach a critical level of congestion and mass delays. This cascading of disruption, caused by...
China's abolishment of the wine tariff in March has seen Australian wine exports skyrocket in the months since. Following the removal of this tariff, Australian wine exports have risen by more than 675% in volume and 8300% in value, as Australia's exported wine value hit over...
On 14 May 2024, the Federal Treasurer Jim Chalmers delivered the 2024-25 Federal Budget for 2024-25. Outlined below is a high-level summation of the announcements relevant to trade, biosecurity, infrastructure and logistics: Trade Removal of 'nuisance tariffs' The Budget confirmed the earlier announcement by Government that it will...
This month saw our Commercial Manager Mariam Kassir attend the annual Europe-Asia Alliance Global Meeting in Porto, Portugal. An insightful and informative event, where many old and new contacts were revisited and made, we'd like to express our gratitude to the EAA for having us...
Due to ongoing geographic volatility, Singapore Airlines Group has ceased flying through Iranian airspace as of April 2024 as a precautionary measure. Moving forward they will utilise alternative flight paths, which may lengthen the duration of some flights. In addition, Singapore Airlines Australia & New Zealand...
The first quarter of 2024 has seen the air cargo market experience an overall growth in tonnage by more than 10% when compared to the same period last year, particularly across the Asia-Europe and Asia-North America east coast trade routes. This growth is the result of...