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Asia-Europe Trade Market Update : 27th July 2017

July 27th, 2017|Categories: News|Tags: |

Capacity All three carrier Alliances continue to report relatively strong demand for North European capacity but the FAK rate levels in early July fell short of initial predictions indicating demand was below the carriers' initial expectations and forecast. Booking activity is however now increasing through mid-July as retailers and their suppliers begin the long run-in [...]

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Chittagong Port Surcharge to hit Australian Exports : 6th July 2017

July 6th, 2017|Categories: News|Tags: , , |

Congestion at the Chittagong port is reaching critical levels with all shipping lines stating terminals are heavily impacted, with vessels waiting an additional 7 to 10 days on average above the normal berth wait times. These delays stem from lower yard productivity due to heavily congested terminal yards.  As a result feeder operators on this trade [...]

Cyber Attack – APM Terminal at Nhava Sheva : 6th July 2017

July 6th, 2017|Categories: News|Tags: , , |

The operational system of APM Terminal, one of the four terminals at Nhava Sheva in Mumbai, was affected by the recent cyber attack. The terminal is facing serious issues with their IT systems, which is impacting terminal operating systems and emails. Unfortunately these issues have led to all operational activity at the terminal coming to [...]

Further Congestion at Chittgong Port : 3rd July 2017

July 3rd, 2017|Categories: News|Tags: , , |

We would like to advise our customers that normal operations within the majority of the largest terminals at Chittagong Port have remained suspended since June 25th following a container vessel caused severe damaged to two of its gantry cranes during her berthing at a jetty. Please find below the latest update on the port situation: [...]

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Implementation of Goods and Service Tax in India : 3rd July 2017

July 3rd, 2017|Categories: News|Tags: , , |

A Goods and Service Tax (GST) will be implemented across India from 1st July 2017. The GST will replace the current tax structure of differential rates across 29 states and replace various indirect taxes including duties (e.g. excise and service taxes) and state levies (e.g. value added tax, entry and luxury tax), the standard rate will [...]