A surge in imports, compounded by a shortage of available rail cars, has seen the Port of Vancouver hit with rail container backlogs. Whilst import-laden containers declined by 12.7% last year, they increased by 22.3% in January and February, creating congestion and increasing dwell times....
Improved water levels have seen The Panama Canal Authority announce the opening up of three more daily transit slots (as of March 2024) to accommodate growing demand. These additional slots will increase the daily quota to 27, representing a significant increase from the daily limit...
The disruptions across the Red Sea continue unabated, with ongoing route diversions, prolonged transit times and associated delays resulting in an 80% volume reduction of maritime traffic across the Suez Canal. However, whilst the continued shipping diversions have seen rates surge 200% throughout January and February,...
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As general cargo ship Rubymar officially became the Red Sea's first vessel casualty and Houthi attacks continue, there appears to be no end in sight for the current Red Sea situation. Drewry data shows that container ship transits across the Suez Canal were down 64% from...
Due to ongoing disruptions due to issues such as the Suez Canal and geopolitical tensions, shipping liners are imposing surcharges and higher freight rates, which are having a disproportionately large cost impact on small volume shippers. Since major operators began rerouting via Africa's Cape of Good...
Ruakura Inland Port has welcomed its first goods train, signalling the transformation of freight movement across New Zealand’s Upper North Island. This new $60 million, nine-hectare customs-controlled cargo facility marks an exciting new opportunity for importers and exporters, saves up to 30% freight cost for cargo...
A recent legal ruling has seen the Dairy Companies Association of New Zealand's (DCANZ) claim that Canada has failed to implement its dairy market commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) validated. The panel of international trade law experts upheld NZ's claims...
As a result of rains over the last quarter, the Panama Canal has revised its daily allowance to 24 vessels per day. At this point in time, the authorities of Panama Canal see no need for further vessel restrictions until at least April, when they...
As we enter the third month of attacks on commercial vessels, there remains no sign of an end to the deteriorating security situation across the Red Sea. With the situation expected to remain volatile for months, shipping lines are settling into their "new normal" of longer...