Australia

15 Aug VICT Container VGM Check Weighing – Weight Discrepancy Fee

Posted at 17:44h in Australia, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Ports, Shipping, Shipping Containers by Susan 0 Comments

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Since 1 June 2023, Victoria International Container Terminal (VICT) at Webb Dock, Melbourne has been applying a VGM Weight Discrepancy Fee for full import and export containers determined to have a variance over or under one tonne from the container's Verified Gross Mass (VGM) declared...

15 Aug Australian wine exports decline, reflective of global trend

Posted at 17:29h in Australia, Business, Global Trade, Wine Industry by Susan 0 Comments

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According to Wine Australia’s latest Export Report, the 12-month period to June 2023 has seen Australian wine exports decline by 10 per cent in value to $1.87 billion and 1 per cent in volume to 621 million litres, with the drop largely driven by decreased...

15 Aug Australia-India Trade Agreement sees Australian wine flow into India

Posted at 17:23h in Australia, Free Trade Agreement, Global Trade, India, Trade Agreement, Wine Industry by Susan 0 Comments

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Australia's new free trade agreement with India has seen Australian wine exporters gain preferential access to India's wine market, enabling them to diversify into the country's export market. This agreement has seen tariffs reduce from 150% to 70% on bottles arriving in market at US$15 per...

26 Jul UN adopts landmark high seas conservation treaty

Posted at 20:29h in Australia, Environment, Global Trade, United Nations, Water and the Environment by susan pop 0 Comments

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After 20 years of negotiation, the United Nations has adopted a marine biodiversity treaty for the high seas, the first international agreement of its kind. Whilst individual nations have jurisdiction over marine biodiversity out to the edge of their own waters, there have been few, if...

26 Jul Panama Canal introduces new restrictions in wake of worsening drought

Posted at 20:25h in Australia, Environment, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Panama Canal, Ports, Shipping, Shipping Containers by susan pop 0 Comments

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Severe drought conditions affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected this summer. The Panama Canal Authority (ACP) has stated it will progressively decrease the...

26 Jul Wine update flags potential resumption of trade with China

Posted at 20:20h in Australia, China, Free Trade Agreement, Logistics, Shipping, Tariffs, Trade Agreement, Wine Industry by susan pop 0 Comments

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According the latest Ciatti market report Australian wine exporters are cautiously optimistic of a resumption of trade with China. This renewed outlook is based on the fact that China and Australia recommenced trading timber in May, an agreement, which is worth $600 million, therefore increasing...

26 Jul Blockade Australia returns to Australian ports

Posted at 20:17h in Australia, Blockade, Industrial Action, Logistics by susan pop 0 Comments

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The month of June has seen Blockade activists obstruct access and disrupt operations across the ports of Brisbane, Melbourne and Newcastle. According to media reports these demonstrations occurred on the one-year anniversary of a raid on a rural location in NSW where Blockade Australia protestors...

26 Jul Tentative agreement sees US West Coast industrial action cease

Posted at 20:15h in Australia, Global Trade, Industrial Action, Logistics, USA by susan pop 0 Comments

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The International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) have reached a tentative agreement which sees longshore workers on the US West Coast secure a 32% salary increase over the life of a tentative six-year contract. This agreement signifies the conclusion of 13...

26 Jul Industrial action continues across Canadian ports

Posted at 20:11h in Australia, Global Trade, Industrial Action, Logistics, USA by susan pop 0 Comments

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The container shipping industry and wider business landscape in Western Canada is bracing for the possibility of an extended strike across ports after the industrial action, which commenced on Saturday morning, continues, as an agreement remains elusive. The International Longshore and Warehouse Union (ILWU) representing over...

26 Jul Vessel schedule reliability improves across major shipping routes

Posted at 20:06h in Australia, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Logistics Solutions, Vessel Schedules by susan pop 0 Comments

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According to Sea-Intelligence Maritime Analysis, vessel schedule reliability for the US West Coast has hit a two-year high, with on-time performance up 2.4 percentage points to reach 52.6% in May. Conversely, reliability across the East Coast decreased by 3.3 percentage points to 42.9% over the...