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...
Hong Kong based logistics organisation, CK Hutchison Holdings has announced plans to sell a majority stake in a business that controls two key ports in Panama to a consortium of US-investment firm BlackRock and MSC of Geneva in a deal worth almost $23bn. Whilst CK Hutchison...
As the impacts of ex-Tropical Cyclone Alfred continue to unfold across Queensland, container terminals and empty container depots are returning to service at the Port of Brisbane. The ongoing impact of Cyclone Alfred has seen destructive winds, localised flooding, power outages and significant road debris, creating...
Software solutions provider OneStop has announced its latest collaboration with ACFS Port Logistics, with an upcoming integration of the e-Depot and e-Rail Appleton facilities in Victoria. This collaboration will deliver more efficient container transactions by harnessing the power of OneStop Modal and the Vehicle Booking System...
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...