Upgrades to the Grange Burn Bridge on the Henty Highway, Victoria have been completed, enabling heavier loads to travel safely along this main freight route, supporting forestry, wind farming, mineral sands and dairy production industries. These upgrades include strengthening the bridge and resurfacing the road, installing...
China has commenced work on a multi-billion-dollar railway through Kyrgyzstan and Uzbekistan that will link China more closely with Europe, bypassing Russia. Whilst both Russia and China continue to be allies and are aligned on the global infrastructure-building Belt and Road Initiative, this rail connection is invaluable should...
It is speculated that import volumes across American ports will experience a rebound throughout July before the implementation of tariffs on the 1st of August. According to market reports, imports into the USA are expected to rise from 2.06 million twenty-foot equivalent units (TEUs) in June...
Recent attacks along the Yemini Coast have negated any former sentiment about a potential return to the Red Sea for shipping organisations. As a result of the recent volatility in this geographical area, it is anticipated that the deadline for any large-scale return to Suez...
A bill reauthorising the US Federal Maritime Commission (FMC) for another three years has been introduced in the House of Representatives. This legislation proposes adding more outside expertise to the agency for help on ocean carriers and ports and allows for a complaint process covering freight...
The latest Drewry World Container Index (WCI) Index decreased 5% to US$2672 per 40-foot container this week. This decline is a direct result of the low demand for US-bound cargo and is a sign that the recent surge in US imports, which occurred after the...
The Australian government has announced an additional $1.1 million boost to the $3.5 million Grape and Wine Sector Long-term Viability Support Package, aimed at supporting the resilience of the sector following the oversupply of red wine. This funding will support additional international market access and trade...
The International Transportation Service (ITS) terminal in Long Beach has commenced a $365 million upgrade which will increase its container capacity by about 50% to 2.6million TEUs and enable it to work two 18,000-TEU ships simultaneously. Due for completion in 3.5 years, this project will also...
The Port of New York and New Jersey has outperformed other US ports, handling 774,698 twenty-foot equivalent units in May, 2% less the same month a year ago, but 20% more than pre-pandemic May 2019. In addition, the port handled 3,729,611 TEUs, up 6.5% year...
The Port of Los Angeles processed 717,000 container units, reflecting a 9% drop imports over May compared to the same period last year and 19% compared to April. Conversely, exports were also down by 5% in May, marking six consecutive months of declining exports. Whilst it...