According to shipping analyst, Sea-Intelligence, global schedule reliability is demonstrating a vast improvement. In the most recent performance report, statistics show an improvement increase of 7.7% per month, reaching a reliability of 60.2%. Global reliability was 26% higher in February 2023 than in February 2022. In...
After less than a year of operation, MAERSK has announced that it will phase out its New Zealand Coastal Connect service. This will be completed over the month of April 2023. Whilst the New Zealand Coastal Connect service will be phased out Maersk has announced that...
Market sentiment from rural Australian producers has fallen to its lowest level since late 2018 as producers continue to navigate a range of economic and financial uncertainties, with commodity prices, interest rates and re-emergence of drought topping the list of concerns. According to the latest Rabobank...
The global ocean container trades are in a precarious state. Following a period of seesawing freight rates and persistent service failures, ocean carriers and shippers are struggling to achieve some measure of equilibrium. But a flood of new vessel capacity, scheduled to enter service over...
Patrick Terminals has boosted capacity at Patrick Sydney AutoRail Terminal, increasing the number of trains per week from 42 to 56, effectively increasing capacity by over 30 per cent. The Patrick Sydney AutoRail Terminal is the first of its kind internationally, delivering a world-first automated integration...
Representatives for the Port of Newcastle have welcomed the news that IPART has been appointed as the independent valuer under the Port of Newcastle Extinguishment of Liability Act 2022. This appointment is one of the final steps which will enable the Port of Newcastle to compete...
In February 2023 Cyclone Gabrielle left a trail of destruction across New Zealand (NZ). Given NZ is a predominantly agriculturally driven economy; the damaged infrastructure and disrupted transportation networks are expected to have a significant impact on the nation's supply chains. Reports indicate that the cyclone...
The first seven weeks of 2023 has seen 50+ Asia-Europe westbound sailings cancelled, with the chance that carriers could decide to blank more sailings if demand continues to decrease more than expected. According to Alphaliner, Ocean Alliance members CMA CGM, Cosco, OOCL and Evergreen have voided...
The Australian Maritime Safety Authority (AMSA) is currently conducting compliance sampling of containers to verify that the Verified Gross Mass (VGM) requirements of Marine Order 42 (Carriage, stowage and securing of cargoes and containers) 2016 ('MO42') are being met. The MO42 requires shippers to ensure that...
Protracted labour negotiations, industrial action and workplace shutdowns attributed to the International Longshore and Warehouse Union (ILWU) are causing unease for exporters across Western USA ports. As negotiations continue with few signs of progress, there is increasing concern amongst exporters as they attempt to deal with...