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...
According to the 2023–24 Australian Competition and Consumer Commission (ACCC) Container Stevedoring Monitoring Report, global and domestic disruptions have destabilised the container freight supply chain, causing congestion, delays, and soaring costs, which has resulted in some importers having to pay four to 11 times as...
Negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Employers (USMX) have resumed, with a tentative agreement on a new six-year master contract announced. This new agreement is conjointly considered a win for both parties due to ability to simultaneously protect jobs and...
Recently, Mariam Kassir attended the 16th World Bulk Wine Exhibition at Amsterdam and enjoyed the insightful discussions, exploring different products and meeting a wonderful array of people across the event. She also had a fantastic experience and enjoyed having a chance to catch up with...
According to The United Nations Conference on Trade and Development (UNCTAD), world trade is on track to reach a record US$33 trillion in 2024. This represents an annual growth rate of 3.3% and highlights the resilience of global trade despite persistent challenges. However, despite this monumental...