Blockchain trial shows promising results for reducing transaction costs
THE Australian Border Force, IMDA Singapore and Singapore Customs, confirmed in statement that a trial has concluded using blockchain to issue and verify trade documents digitally...
Change in piracy threats in Indian Ocean prompts re-think
A CONTINUED downward trend in Somali piracy has prompted leading shipping organisations to reduce the geographic boundaries of the High Risk Area (HRA) for piracy in the Indian...
Australian logistics company appoints new board member
WISEWAY Group’s board has appointed Brandon Teo as a non-executive director, effective immediately, as part of the company’s global expansion strategy, especially in the Southeast...
Fifth man charged after seizure of drugs
ON 13 August, the Australian Federal Police High Volume Drug Crime Team, together with Victoria Police Joint Taskforce Icarus members arrested and charged a 32-year-old Melbourne...
$1.13-million program to help get South Australian companies ready to export overseas
A new $1.13-million National Trade Program will support South Australian companies to develop their export capability through a bespoke capacity building program that will provide...
Australian logistics provider finalises acquisition of air freight specialist
WISEWAY Group has completed the acquisition of TAF E-Logistics, a Singapore-based, IATA-licenced air freight and logistics company. Wiseway managing director Florence Tong said,...
DSV Panalpina finalises acquisition of Agility’s Global Integrated Logistics
GLOBAL freight company DSV Panalpina is expected to finalise the purchase of Agility’s Global Integrated Logistics business for DKK 30.2-billion ($6.53 billion). DSV said the...
INSIGHT: GST on low-value imports held to account
MANY of those in industry will remember the controversy that was associated with the introduction of GST on “low value import transactions” (LVT) on consignments three years ago....
Incidents of piracy and robbery against ships in Asia down in first half
ACCORDING to the ReCAAP Information Sharing Centre, there were five incidents of armed robbery against ships reported in Asia in July 2021. No piracy incident was reported. This...
Containers continue meteoric rise
RESEARCH firm Drewry’s composite World Container index increased marginally by 0.5% or $50 to reach $9,421.48 per 40-foot container this week. That’s 358% higher than the same...
Hapag-Lloyd achieves good result in first half of 2021
SHIPPING LINE Hapag-Lloyd has published its financial and performance results for the first half year of 2021, confirming what it had forecast last week. That is, EBITDA of US$4.2...
The issue of vessels delays goes beyond just transport costs
RECENT vessel-tracking data from project44 reveals substantial year-over-year increases in vessel and shipment delay times across most major trade lanes connecting China to the...
Australian company’s acquisition strengthens e-commerce offering
TRANSPORT and logistics company cargo-partner has acquired fellow logistics company Associated Customs & Forwarding (ACF). Operating from a Melbourne base, cargo-partner provides...
Pondus set to start operations in Melbourne in October
PATRICK Terminals has advised customers that a new weighing system, Pondus, will be available at its Melbourne terminal operations from 4 October 2021. Mis-declared containers...
Government supports grains and avos on global stage
A NEW Grain Sustainability Certification Scheme will open new trade opportunities for Australia’s grain industry, made possible through a $97,500 grant from the Australian...
