The Trump administration has announced that as of the beginning of October, it will start assessing and discussing the following tariffs: 100% on pharmaceuticals; 50% tariff on kitchen cabinets and bathroom vanities; 30% on upholstered furniture; and 25% tariff on heavy trucks. At this point in...
With exports constituting nearly 90% of New Zealand's wine sales, exposure to external market influences such as US tariffs and UK taxes has resulted in growers and producers now facing an uncertain outlook, a concern which is further compounded by a slowing global economy and...
Cosco Shipping Ports (Cosco) has finalised the acquisition of stakes in two terminals at the Port of Laem Chabang in Thailand. Cosco has acquired 12.5% and 30% of the equity stakes in Thai Laemchabang Terminal (TLT) and Hutchison Laemchabang Terminal Limited (HLT), respectively, strengthening its port...
Ocean carriers have accelerated their Golden Week blank sailings for October in an attempt stop the sliding spot market as an overall weakness in rates across major trade lanes threatens to drag prices to loss-making levels. For the four-week period, which commenced at the end of...
Daily transits of commercial vessels through the Panama Canal are expected to remain below its capacity over the coming year due to tariff-linked factors such as the frontloading of US imports this year (which has now tapered off) and the anticipated lower levels of demand...
This year has seen the output of California wine drop 17.1% to 508.2 million gallons, the lowest since 1999, with U.S. production falling 15% to 647.7 million gallons, the lowest since 2004. This represents the steepest single-year production collapse in over 30 years, surpassing the decline...
Australia's organic farmers and food producers are set to gain unprecedented access to one of the world's fastest-growing food markets following a landmark agreement between Australia and India. The Mutual Recognition Arrangement (MRA) on organics equivalence ensures that both countries will now recognise each other's organic...
The global leader in beverage alcohol data and insights, IWSR, has outlined the six global trends shaping the beverage alcohol sector in 2025: 1. Selective premiumisation Premiumisation continues to drive growth, but in a more fragmented manner. Health concerns and cost-of-living pressures continue to influence consumer decision-making....
The latest Drewry World Container Index (WCI) Index remained stable, decreasing just 1% to US$2104 per 40-foot container this week. After 11 weeks of decline, Drewry's World Container Index (WCI) stabilised this week. This stability is the result of opposing trends in different trade lanes. While...
While July saw a 3.2% year-on-year increase in inbound container volume through top U.S. ports, this was a temporary surge due to front loading to get goods in prior to the tariffs taking effect in August. Regardless of this surge, inbound container volume has shown a...