Recently Hutchison Ports has announced changes to Landside and Ancillary Charges. These became effective from 9 June 2025 at Sydney and Brisbane Terminals. According to Hutchison Ports, these increases are attributable to rising costs across electricity, maintenance service, land rental and other outgoing expenses. Despite these...
The month of May saw an 8.2% and 5% decline in cargo at the Port of Long Beach and Port of Los Angeles respectively as tariffs continue to impact global trade flows. Imports fell 13.4% to 299,116 TEUs, while exports decreased 18.6% to 82,149 TEUs at...
Spot rates in the eastbound trans-Pacific have fallen, potentially signifying that the temporary tariff pause won't deliver the consistent demand initially envisaged. West Coast rates fell 32% in the week ending 17th of June whilst East Coast rates were down 11% over the same period. This...
The current volatility across the Middle East has seen spot rates for the largest crude oil tankers from the Persian Gulf to China surge 50%, whilst major shipping organisations continue to operate through the region for the moment. The rate for a 270,000-metric tonne tanker rose...
Ports across Europe are expected to face months of disruption and congestion ahead due a combination of contributing factors such as ships arriving outside their berthing windows, industrial strikes and blockades, alliances reshuffling capacity, low water on the Rhine as well as Trump's tariffs pause...
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...