Ocean Network Express Ready to Launch in 2018
K Line, MOL and NYK are banking their future group profitability on the success of the Ocean Network Express (ONE) – the merger of the Japanese transport groups’ respective container businesses scheduled for April. According to reports, the trio say they expect to save ¥50bn ($440m) in costs in the first fiscal year ending 31 March 2019m […]
Would You Like to Become an Australian Trusted Trader?
As you know Stockwells recently became an official Trusted Trader, please read the below story and let us know if you would also like to become a trusted trader, which may benefit your business. Immigration Minister Peter Dutton has signed a Mutual Recognition Arrangement with China, in a move aimed at boosting trade between 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 […]
At the Frontline of the Hanjin Failure
What happened to Hanjin Shipping? It was a day like any other day, except it turned into a crisis like no other. A crisis that had impacted numerous countries, businesses and individuals. A moment in time where the 7th biggest shipping line in the world went into administration and 141 of their vessels around the […]
The Outlook for Logistics
According to MHD (Transport Intelligence Report, 2017, 47(2), pg6), 2016 has been the weakest year for the global economy since the Great Recession of 2008-09. Global economic growth was just 2.3% in 2016, down from 2.7% in 2015. Looking forward, some of the World Bank’s expectations for 2017 are: Global growth is projected to rise […]
