The IMO has achieved another important step towards establishing a legally binding framework to reduce greenhouse gas emissions from ships, aiming for net-zero emissions by or around 2050. The Net-Zero Framework will combine mandatory emissions limits and GHG pricing across an entire industry sector and includes...
The New Zealand Government has injected a NZD$8.2million contribution towards the development of Port Otago. Due for a July completion of its own new NZD$13.5 million rail siding on the Port Chalmers Container Terminal, this project will improve rail capacity, reduce turnaround times and connect seamlessly...
The latest Drewry World Container Index (WCI) Index increased 8% to US$2233 per 40-foot container this week. The average composite index for the year to date is US$2746 per 40 ft container, which is US$151 lower than the 10-year average rate of US$2896. The following trade...
With the Federal election over, the Australian federal government has announced its intention to continue negotiations with the US to reduce or remove the tariffs imposed on US imports of Australian products. This includes discussions around the baseline tariff, the current tariffs of 25% on Australian...
With the recent election outcome in Australia, various industry groups have called for a focus on decarbonisation, industrial relations and data security from the re-elected Albanese government. Issues identified as imperative include the need for ministerial stability in the transport, infrastructure and trade portfolio, visa certainty...
The Port of Long Beach, California, had its busiest April on record, handling 867,493 twenty-foot equivalent units, a 15.6% increase compared to the same month last year. This April performance marks the 11th consecutive month of cargo increases at the port, which with Los Angeles, constitutes...
Louisiana's Plaquemines Port has a new name: the Louisiana Gateway Port. This new name reflects the Port's growing role in global trade as well as its goal of becoming one of the top five U.S. ports by tonnage within five years. With no height limits for...
The NSW Ports Quayline Equalisation Project will provide equivalent quayline length for each container stevedore company operating at Port Botany, as currently only two of Port Botany's container terminals can berth three longer vessels, while the third container terminal can only berth three shorter vessels. This...
As part of ongoing tariff discussions, the EU has confirmed that American whiskey will not be subject to the 50% tariff initially proposed as a response to the US tariff on European steel and aluminium. The decision to omit whiskey was in response to Trump's threat...
With imports and export trades achieving almost equal levels of growth, inter-Australian container trade experienced a total growth of 8.7%, reaching 7,114,800 TEU over 2024. Australasian containerised imports rose 353,200 TEU with growth experienced across North, East & South East Asia, Europe, the Middle East/Indian Sub-Continent...