Whilst all ports along the coastline of Gujarat halted operations as a precautionary measure against Cyclone Biparjoy, all ports have now reopened and are operating under normal conditions including: Sikka, Mundra, GPPL Pipavav, Kandla, Navlakhi, Dahej and Hazira. FOLLOW US FOR THE LATEST NEWS! Simply click here...
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...
According to Drewry, factors such stagnating trade and a growing surplus of shipping containers are resulting in a substantial decrease in newbuild container output. Research shows that newbuild construction is forecast to drop to its lowest level in 14 years, following a contraction of 71%...
ZIM has announced it will double the frequency of Port Chalmers calls on its New Zealand to Australia (N2A) shipping service. Initially launching this call on a fortnightly basis, this increase has been made in response to demand from both importers and exporters based in New...
According to shipping analyst, Sea-Intelligence, global schedule reliability is demonstrating a vast improvement. In the most recent performance report, statistics show an improvement increase of 7.7% per month, reaching a reliability of 60.2%. Global reliability was 26% higher in February 2023 than in February 2022. In...
After less than a year of operation, MAERSK has announced that it will phase out its New Zealand Coastal Connect service. This will be completed over the month of April 2023. Whilst the New Zealand Coastal Connect service will be phased out Maersk has announced that...
Market sentiment from rural Australian producers has fallen to its lowest level since late 2018 as producers continue to navigate a range of economic and financial uncertainties, with commodity prices, interest rates and re-emergence of drought topping the list of concerns. According to the latest Rabobank...
The global ocean container trades are in a precarious state. Following a period of seesawing freight rates and persistent service failures, ocean carriers and shippers are struggling to achieve some measure of equilibrium. But a flood of new vessel capacity, scheduled to enter service over...
Patrick Terminals has boosted capacity at Patrick Sydney AutoRail Terminal, increasing the number of trains per week from 42 to 56, effectively increasing capacity by over 30 per cent. The Patrick Sydney AutoRail Terminal is the first of its kind internationally, delivering a world-first automated integration...
Representatives for the Port of Newcastle have welcomed the news that IPART has been appointed as the independent valuer under the Port of Newcastle Extinguishment of Liability Act 2022. This appointment is one of the final steps which will enable the Port of Newcastle to compete...