The International Longshoremen’s Association’s (ILA’s) contract negotiations are intensifying, in what is proving to be a potential catalyst for renewed industrial action in January 2025. Port automation has proven to be the divisive issue for the negotiating parties, with the ILA strongly opposed to increased automation,...
The FuelEU Maritime Regulation operates alongside the current European Union Emissions Trading System (EU ETS.) It aims to reduce the overall intensity of GHG emissions created by the shipping sector over time and is one component of the EU’s target to lower net emissions by...
Kazakhstan Railways (KTZ) recently signed a memorandum of cooperation with Xi'an Free Trade Port Construction and Operation (China) to create a joint intermodal cargo terminal on the Danube River in Budapest, which is part of a comprehensive network for multimodal transports in Europe. With a capacity...
The premier of Western Australia has announced a $273 million investment that will advance the Westport project into its planning phase, marking a major milestone for its development. This announcement coincides with the release of the Westport Business Case Summary, which recommends relocating container trade to...
Australia and the United Arab Emirates (UAE) have finalised the highly anticipated Comprehensive Economic Partnership Agreement (CEPA), representing a significant milestone in the strengthening of the trade relationship. This agreement provides Australian farmers, producers, manufacturers, service providers, exporters, and workers with unprecedented access and preferential treatment...
Congratulations to our Chief Operating Officer Megan Levy, who has been announced as a finalist for the Women in Shipping & Maritime Logistics Award category in the DCN - Daily Cargo News 2024 Awards. Megan is consistently passionate not only about delivering exceptional service for...
A more detailed examination of the Australia-China rates shows a slight recovery in spot rates in the third week of October, after several weeks of (mostly) falls. The Shanghai Containerised Freight Index increased slightly to USD 4052/FEU, up from USD 3932/FEU in the week prior, and...
The latest Drewry World Container Index (WCI) increased this past week, reversing the recent downward trend. The average composite index for the year to date is US$4017 per FEU, which is US$1178 higher than the 10-year average rate of US$2839. The following trade routes experienced increases: Shanghai-Genoa...
Continuing rising demand has seen global air cargo experience a 9.4 per cent year-on-year growth. The Asia-North America route has hit 11 consecutive months of growth, rising by 7.6 per cent in September, and holding 25 per cent of the world's trade share. The Europe-Asia trade lane...
The Victorian Government’s $964 million road maintenance blitz kicks off this month, with major repairs to commence on one of the state’s most important freight connections: the Sunraysia Highway in Lascelles. This path links grain and produce farms from around the region to key domestic...