Shipping

06 Dec Panama Canal Still Causing Delays

Posted at 23:36h in Freight Forwarders, Freight Forwarding, Panama Canal, Shipping, Shipping Containers by susan pop 0 Comments

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As previously notified, low water levels on the critically important Panama Canal have prompted the Central American country to reduce the number of vessels that pass through the key global trade route. Each day an average of 32 ships is allowed to pass through, which...

15 Aug The truth about the peak season ahead

Posted at 17:48h in Business, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Logistics Solutions, Ocean Freight, Ports, Shipping, Shipping Containers, Supply Chain, Trade Volume, World Container Index by Susan 0 Comments

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There's been substantial commentary around the lack of a perceived peak season in 2023 however given the rapidly changing situation across the ocean's trade routes, how accurate does this claim continue to be? Whilst traditionally the premise of a peak season is based on the volume...

15 Aug VICT Container VGM Check Weighing – Weight Discrepancy Fee

Posted at 17:44h in Australia, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Ports, Shipping, Shipping Containers by Susan 0 Comments

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Since 1 June 2023, Victoria International Container Terminal (VICT) at Webb Dock, Melbourne has been applying a VGM Weight Discrepancy Fee for full import and export containers determined to have a variance over or under one tonne from the container's Verified Gross Mass (VGM) declared...

15 Aug ILWU workers reach agreement ending weeks of port disruptions along west coast of Canada

Posted at 17:16h in Freight Forwarders, Global Trade, Industrial Action, Port Disruptions, Ports, Shipping by Susan 0 Comments

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The International Longshore and Warehouse Union (ILWU) has announced that just shy of 75% of its membership has moved to agree to a four-year contract which will see weeks of uncertainty and disruption along the Canadian west coast supply chain conclude. Whilst details of the agreement...

26 Jul World Container Index continues decline

Posted at 20:26h in Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Shipping, Shipping Containers, World Container Index by susan pop 0 Comments

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The latest update of Drewry’s composite World Container Index (WCI) has seen a weekly decrease by 2.7% to reach $1494.46 per 40-foot container whilst the composite index has dropped by 78.9% when compared to the same week last year. The index is now 86% below the...

26 Jul Panama Canal introduces new restrictions in wake of worsening drought

Posted at 20:25h in Australia, Environment, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Panama Canal, Ports, Shipping, Shipping Containers by susan pop 0 Comments

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Severe drought conditions affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected this summer. The Panama Canal Authority (ACP) has stated it will progressively decrease the...

26 Jul Ports across India resume operations post Cyclone Biparjoy

Posted at 20:22h in India, Logistics, Shipping by susan pop 0 Comments

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Whilst all ports along the coastline of Gujarat halted operations as a precautionary measure against Cyclone Biparjoy, all ports have now reopened and are operating under normal conditions including: Sikka, Mundra, GPPL Pipavav, Kandla, Navlakhi, Dahej and Hazira. FOLLOW US FOR THE LATEST NEWS! Simply click here...

26 Jul Wine update flags potential resumption of trade with China

Posted at 20:20h in Australia, China, Free Trade Agreement, Logistics, Shipping, Tariffs, Trade Agreement, Wine Industry by susan pop 0 Comments

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According the latest Ciatti market report Australian wine exporters are cautiously optimistic of a resumption of trade with China. This renewed outlook is based on the fact that China and Australia recommenced trading timber in May, an agreement, which is worth $600 million, therefore increasing...

05 Jun Container Newbuilds Forecast To Hit A 14-Year Low

Posted at 02:45h in Shipping, Shipping Containers, World Container Index by susan pop 0 Comments

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According to Drewry, factors such stagnating trade and a growing surplus of shipping containers are resulting in a substantial decrease in newbuild container output. Research shows that newbuild construction is forecast to drop to its lowest level in 14 years, following a contraction of 71%...

20 May Zim Increased Frequency On Trans-Tasman Service

Posted at 02:26h in New Zealand Ports, Shipping, Supply Chain by susan pop 0 Comments

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ZIM has announced it will double the frequency of Port Chalmers calls on its New Zealand to Australia (N2A) shipping service. Initially launching this call on a fortnightly basis, this increase has been made in response to demand from both importers and exporters based in New...