The recent volatility between India and Pakistan has caused disruption through the supply chain landscape, with no foreseeable resolution at this point in time. With India and Pakistan both enacting cargo bans and restrictions on the docking of ships carrying the other nation's cargo, this has...
Patrick Terminals and the Maritime Union of Australia (MUA) have announced a historic roll-over agreement which will see the extension of Patrick's Enterprise Agreement to 31 December 2028. This agreement will see Patrick members achieve a cumulative 35% increase in salaries across a seven-year period. It...
A French scheme, which aims to facilitate the export of wines and spirits to the United States, has been approved by the EU for funding up to $5.6 billion. This scheme utilises a re-insurance mechanism, which provides short-term guarantees to companies that provide insurance against commercial...
The year 2024 saw global wine consumption hit its lowest consumption level in 60 years, since 1961. This decline can be attributed to numerous economic and geopolitical factors, such as inflation and global uncertainty, as well as an evolving market shaped by changing lifestyle preferences,...
Spot rates rose in the eastbound trans-Pacific in response to the significant increase in cargo during the 90-day reprieve between China and the USA. Whilst many pricing indexes are yet to reflect the post-agreement rate increase, general rate increases are anticipated alongside reduced vessel capacity...
With 80% of New Zealand's wine grown and produced in Marlborough, the new Riverlands facility 'Honomai' is ideally positioned to become an invaluable resource for the region's exporters, importers and logistics operators. Consisting of a 5,000 square metre warehouse and storage space for 350 empty and...
As previously reported in our newsletters, the USA has announced a raft of port fees on Chinese vessels in an attempt to boost America's shipbuilding industry. Given China manufactures over 1000 ships per year whilst the U.S. builds five or fewer, this initiative has been met...
In the latest developments in the trade war between USA and China, reduced tariffs of 30% and 10% have been respectively announced, alongside a rollback on some of the steeper tariffs, giving both sides 90 days to continue negotiations. Regardless of the de-escalation of the trade...
In the upcoming IMO meeting there is a strong likelihood that IMO negotiators will opt for a fuel standard rather than a carbon tax on shipping in order to achieve the organisation's goal of net-zero emissions by or around 2050. This touted fuel standard will mean...
The International Maritime Organization (IMO) is being urged by an alliance of global cargo owners to utilise its upcoming Marine Environment Protection Committee (MEPC) meeting to approve "a clear, comprehensive, globally consistent set of measures" that will accelerate the transition to clean energy. This meeting, due...