Venture Capitalists Have Found Trillion Dollar Market to Upend: Shipping
Interesting article written by Michael J. Coren from Quartz, April 20 2017: Software may be eating the world, but some industries have been off the menu. Now, international shipping’s time has come. The UN estimates at least 90% of the world’s physical goods end up in a shipping container before arriving at their destinations. Until […]
Australia “Bleeding Revenue†Through Petty Fraud
MILLIONS of Dollars in Commonwealth revenue is being lost due to holes in import regulations and compliance audit follow-ups in the world of international shipping. That was customs specialist and Platinum Freight Management chief executive Peter McRae’s interpretation after reading the latest Australian Border Force Goods Compliance Update. Mr McRae said the report, alongside the […]
Queensland freight road to receive $400m upgrade
The Federal Government has approved the $400 million funding to start work on Stage 1 of the Mackay Ring Road project in Queensland. Federal Minister for Infrastructure and Transport, Darren Chester, said delivering $397.9 million towards the project was another element of the $8.5 billion task of fixing the Bruce Highway. Federal Member for Dawson, […]
Is the banks’ $400 billion global shipping debt about to sink?
Research has been released that suggests climate transition pathways pose risks to the banks that hold $400 billion of global shipping debt (Carbon War Room [CWR] and UMAS, 2017). With the onset of climate policies as soon as 2023, there will be a need for significant capital investment to keep vessels competitive. Navigating Decarbonisation: An […]
Australian Export Confidence Strong
According to a recent study, New Zealand tops the Australian export trade list, with 56 per cent of local exporters conducting business with NZ over North America (51 per cent) and China (42 per cent). The 2016 DHL Export Barometer indicates that trade between Australia and New Zealand is likely to continue on the ongoing growth path, […]
Global Logistics Market Worth $16,063bn by 2022
The global logistics market is forecasted to reach US$12,256 billion ($16,063 billion) by 2022 (Logistics Magazine, 2017). ‘Logistics – Global Opportunity Analysis and Industry Forecast, 2014 – 2022’ projects a CAGR of 3.48% from 2016 to 2022, with Asia-Pacific dominating the global market in terms of revenue – accounting for more than a 34 per […]