According to the 2023–24 Australian Competition and Consumer Commission (ACCC) Container Stevedoring Monitoring Report, global and domestic disruptions have destabilised the container freight supply chain, causing congestion, delays, and soaring costs, which has resulted in some importers having to pay four to 11 times as...
According to the Shanghai Containerised Freight Index, spot freight rates between Shanghai and Melbourne dipped to their lowest level since mid-August in the first week of December, reaching 3700FEU. Given the subdued state of the Australian retail economy this decline was anticipated sooner, however rates were...
The premier of Western Australia has announced a $273 million investment that will advance the Westport project into its planning phase, marking a major milestone for its development. This announcement coincides with the release of the Westport Business Case Summary, which recommends relocating container trade to...
Australia and the United Arab Emirates (UAE) have finalised the highly anticipated Comprehensive Economic Partnership Agreement (CEPA), representing a significant milestone in the strengthening of the trade relationship. This agreement provides Australian farmers, producers, manufacturers, service providers, exporters, and workers with unprecedented access and preferential treatment...
A more detailed examination of the Australia-China rates shows a slight recovery in spot rates in the third week of October, after several weeks of (mostly) falls. The Shanghai Containerised Freight Index increased slightly to USD 4052/FEU, up from USD 3932/FEU in the week prior, and...
The Victorian Government’s $964 million road maintenance blitz kicks off this month, with major repairs to commence on one of the state’s most important freight connections: the Sunraysia Highway in Lascelles. This path links grain and produce farms from around the region to key domestic...
Australia and Canada have announced an expansion of their international air transport agreement which will see unlimited cargo flights between the two nations between all access points and enhance the operational flexibility for each country’s airlines. This is a significant expansion of the agreement and it...
The re-entry of Australian wine into mainland China has helped exports grow by 34% in value, reaching AU$2.39 billion in the 12 months to September 2024. Volume exports were also up by 7%, amounting to 643 million litres over the same period. This represents the highest...
The New South Wales Government has announced a Regional Network East/West Uplift (RNEW) program which is a 10-year investment pipeline that aims to develop improved regional rail for both freight and passengers. A key element of this program is the improvement of the Country Regional Network...
The Australian Government has imposed embargoes on Turkish Airlines which has impacted freight services operating from or via Turkey. The injunctions have sanctioned all cargo services provided by Turkish Airlines and Australian financial institutions are restricted from processing transactions with the airline, complicating any payment processes. These...