The latest Drewry World Container Index (WCI) saw container spot freight rates on the major east-west liner trades experience another week of decline, as slack demand continued to depress pricing. The Index decreased 3% to US$2541 per 40-foot container this week. The average composite index for...
There is no doubt that major shifts are underway with regards to wine consumption across the globe. In five years, the amount of Gen Zs of legal drinking age will double in size but will be drinking less than former generations. Compounding this is the fact...
Following the UK Alcohol Duty Review, as of 1 August 2023, all wine sold in the United Kingdom started being taxed on the level of alcohol in the product, rather than by volume. This has had a direct consequence on the level of alcohol in the...
In the 12 months ended December 2024, Australian wine exports grew by 34% in value, totalling $2.55 billion - the highest value since June 2021 - with total volume also increasing by 7% to reach 649 million litres over the same period. These highs were predominantly...
After facing substantial challenges over recent years due to prolonged droughts which resulted in restrictions on vessel transits, funding has been approved for the development of the Rio Indio Lake Project within the Indio River Watershed. Considered to be one of the decade's most significant public...
Trade union action across major European ports, particularly in Rotterdam and France, is causing significant disruptions to container shipping, exacerbating existing supply chain challenges. Strikes at Rotterdam's Delta II terminal and ongoing industrial action at French ports have created congestion, delays, and logistical bottlenecks, prompting carriers...
A consortium, comprising the Northland Regional Council, Port of Tauranga and Tupu Tonu has conditionally agreed to buy out minority shareholders in Marsden Maritime Holdings to simplify the NZX group's ownership and bring full control of Northport [Marsden Point] under a single ownership umbrella. This new...
President Trump's 25% tariffs on imports from Canada and Mexico, with an additional 10% tariff on goods from China were officially announced as of 4 March 2025. In response, Mexican President Sheinbaum has declared that her government plans to respond to the U.S. tariffs with its...
Congestion at the Port of Vancouver is expected to worsen over the coming weeks due to the combination of restricted access to inland rail links and deteriorating liner schedule reliability as the alliance reshuffle continues. Tiered operating restrictions have been in place in response to severe...
The US has proposed charging up to US$1.5 million for Chinese-built vessels entering the country's ports, starting at $500,000 for a vessel operator whose fleet consists of even just one Chinese-built ship, or that has an existing order with a China shipyard. In addition, a...