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 […]

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 […]