A new green logistics facility in South Auckland will help boost access to steel construction materials needed for New Zealand's major infrastructure and renewable energy projects. The new $25 million, 15,400m2 purpose-built logistics facility at Drury South Crossing can store over 12,000 tonnes of steel, around 2.1...
Containerised exports from 18 Asian countries to the US hit a record high of 21.45m TEU last year, according to figures compiled by the Japan Maritime Center. This peak is attributable to factors such as the Red Sea crisis, a resilient US economy, fears over US...
Despite the muted trading activity since China's new year holiday, spot rates on most major east-west ocean trades continued to show slight declines. In recent weeks, Drewry's World Container Index (WCI), transpacific routes and Xeneta's XSI Far East-North Europe route all saw spot rates fall. The...
The latest Drewry World Container Index (WCI) decreased this past week by 3% to US$3855 per 40-foot container this week. The average composite index for the year to date is US$3915 per FEU, which is US$1045 higher than the 10-year average rate of US$2865. The following...
Amidst a challenging market, South African wines grew their market footprint by 4.3% in value, reaching $562m at the end of 2024, with the UK, Germany and Netherlands the top three export markets. Whilst the market for bottled wines proved stable, growing by 4% to reach...
The conclusion of 2024 saw Australian wine exports increase by 34% in value to $2.55 billion and by 7% in volume to 649 million litres. This positive outcome was a result of high levels of shipments to mainland China post-tariff removal in the months April to...
Stage two of NSW Ports' On-Dock Rail Investment Program at Port Botany is due to commence in the upcoming months, enhancing Sydney's rail capacity and freight supply chains. This program, worth nearly $400 million, sees DP World and the NSW Ports co-invest to develop a new...
The turn of the calendar year is the optimal time for a retrospective review of landside port charges and the changes that have impacted businesses operating across the supply chain landscape. According to recent statistics, landside port charges have been on a consistent upward trend over...
United States President Donald Trump's announcement of tariffs on the nation's three biggest trade partners, Canada, Mexico and China, has raised global market concerns. The three tariffs, consisting of 25% tariffs on Mexican and Canadian imports and an additional 10% on China, have momentarily been paused...
The South Australian Minister for Trade is leading a delegation to Dubai to leverage Australia's free trade agreement with the United Arab Emirates (UAE) and increase air freight capacity between the two nations. Both nations signed the Comprehensive Economic Partnership Agreement (CEPA) which takes effect mid-2025...