According to the United Nations Conference on Trade and Development (UNCTAD), world trade’s recovery from the coronavirus pandemic hit a record high in the first quarter of 2021, increasing by 10 per cent year over year and 4 per cent quarter by quarter.
Victoria International Container Terminal has increased their infrastructure surcharge following an increase by DP World in May and Hutchinson in Brisbane who have increased fees by almost 100 per cent.
The impact on international trade across G20 economies varied widely in the first quarter of 2020, with Australia’s exports falling by 3.7 per cent. Read more
The Freight and Trade Alliance (FTA) has appointed a new head of border and biosecurity. Read more
The Australian Federal government has announced a new financial support loan to help Australian exporters bounce back.
The Australian Transport and Infrastructure Council has affirmed the critical role the freight sector plays in providing essential supplies of food, medicine or other goods. Read more
The air and sea global freight industry are confirming that a “return to the norm” is months away, some have suggested September or longer until both a full return to productive work and sufficient supply chains are in place.
Global companies with a significant supply chain presence in China have suspended operations due to Coronavirus fears.
NSW Ports has announced that the current Chairman of the Board will step down next month.
Air freight demand continues to suffer from the effects of the US-China trade war, as figures fell again in May. Read more