As a result of rains over the last quarter, the Panama Canal has revised its daily allowance to 24 vessels per day. At this point in time, the authorities of Panama Canal see no need for further vessel restrictions until at least April, when they...
As we enter the third month of attacks on commercial vessels, there remains no sign of an end to the deteriorating security situation across the Red Sea. With the situation expected to remain volatile for months, shipping lines are settling into their "new normal" of longer...
As at the time of publication, the Victoria International Container Terminal (VICT) was forced to close on Wednesday 21st February with all bookings cancelled through to 9am Thursday 23rd February, resulting in a more challenging situation with regards to obtaining timeslots for imports, exports and...
The Drewry World Container Index (WCI) has increased these past few weeks, but has overall experienced a drop of 28% when compared to the same period last year and is now 7% more than average 2019 (pre-pandemic) rates. The following trade routes all experienced an increase...
The Port of Oakland has announced that due to rising operational costs they are adjusting their gate fees effective 1 March 2024. FOLLOW US FOR THE LATEST NEWS! Simply click here to follow our LinkedIn Company Page to stay up-to-date with the latest industry news that may impact your...
With a swirling vortex of compounding factors from the Suez and Panama Canal and peak-season surcharges, to the Houthi of the Red Sea through to the general rate increases, there is no doubt that businesses across the globe are being hit with a whirlwind of...
The Australian Government will undertake trade agreement negotiations with the United Arab Emirates (UAE) in order to achieve a Comprehensive Economic Partnership Agreement that will drive imports, support economic growth and increase jobs stimulus across the country. As Australia's largest trade and investment partner in the...
The ABF has released a new notice regarding tariff concessional items 16 and 41 which both pertain to a 'Free' rate of duty with regards to different categories of goods. Simply click here to view these new by-laws. In addition, the ABF has released Customs Tariff...
China has lifted suspensions on three Australian meat export establishments with eight yet to be lifted. The conclusion of these initial suspensions is another positive step towards the stabilisation of the trade relationship between China and Australia. With renewed optimism regarding the removal of all the...
An ongoing blockade, which has obstructed terminal and worker access and prevented the loading and unloading of vessels over a period of the last 4 days, has seen the temporary closure of VICT. Authorities are currently on site attempting to restore access to the terminal, however,...