Logistics

15 Aug

Posted at 17:48h in Business, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Logistics Solutions, Ocean Freight, Ports, Shipping, Shipping Containers, Supply Chain, Trade Volume, World Container Index by
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There's been substantial commentary around the lack of a perceived peak season in 2023 however given the rapidly changing situation across the ocean's trade routes, how accurate does this claim continue to be? Whilst traditionally the premise of a peak season is based on the volume...

15 Aug

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

26 Jul

Posted at 20:26h in Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Shipping, Shipping Containers, World Container Index by
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The latest update of Drewry’s composite World Container Index (WCI) has seen a weekly decrease by 2.7% to reach $1494.46 per 40-foot container whilst the composite index has dropped by 78.9% when compared to the same week last year. The index is now 86% below the...

26 Jul

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

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

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

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

Posted at 20:06h in Australia, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Logistics Solutions, Vessel Schedules by
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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...

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