APM Terminals (APMT) have announced they will invest over $500 million at its 350-acre Elizabeth terminal after it agreed to a 33-year lease extension until December 2062 with the Port Authority of New York and New Jersey. APMT Elizabeth handles over 25% of the port's annual...
Following a review of the Good Clearance Fees, the New Zealand Cabinet has approved changes to fees and levies for goods crossing New Zealand's border. These changes are being implemented to ensure the efficient flow of trade and protect against the risks present in border activities...
The Australian wine industry will inevitably feel some impact from Trump's 10% tariff however, they are more favourably positioned when compared to other wine markets such as those within the European Union who have been hit with a 20% tariff or South Africa who has...
The Import Control System 2 (ICS2) which is Europe's enhanced customs pre-arrival safety and security program is now entering its third tranche requiring more detailed and earlier data submission for businesses moving goods into the EU, Northern Ireland, Norway, or Switzerland. Rolling out in phases throughout...
The 2nd of April saw Trump unveil his schedule of tariffs which will vary by country. These duties will apply to all goods imported under current U.S. trade agreements, except where otherwise specified. Baseline Tariff Nations: including Australia and New Zealand According to the Executive Order (section...
The recent International Maritime Organization (IMO) ISWG-GHG 18 meeting which aimed to further develop and streamline the draft amendments to MARPOL Annex VI saw discussions around global marine fuel intensity regulations, the economic mechanism's structure, organisational and operational aspects of the proposed 'IMO Net-Zero Fund',...
Given the changing nature of global trade, Europe and the UK are currently more likely to want to find some way of working together, particularly as they look at ways to grow their economies and support their small and medium businesses. Therefore, a UK-France trade reset...
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...