Asia-Australia

Asia-Australia

Australian container trade with China, Southeast Asia, Japan, and South Korea is expected to grow at rates well in excess of the world average, reflecting improved economic performance, a greater acceptance of containerization in these partner regions. China is the largest foreign buyer of Australian agriculture, forestry and fisheries products. Australia’s main imports from China are manufactured goods, led by telecommunication equipment, IT products, furniture and homewares. The entry into force in 2015 of the China-Australia Free Trade Agreement (ChAFTA), removed Chinese tariffs on a vast range of Australian products, such as beef, horticulture products and processed foods. These products are expected to become particularly important as China transitions to a more consumption-driven economy. Australia's agriculture sector is well-placed to take advantage of forecasts that China will account for a larger share of global growth in demand for agricultural products by 2050. Driven by changing consumer tastes and expanding distribution channels, export opportunities for Australian agrifood sector are also expanding in markets as diverse as Indonesia, Korea and Japan, given Australia’s reputation for producing high-quality food products. Cosco Shipping Lines provides scheduled services between such major Australian ports as Sydney, Melbourne and Brisbane, and such major Asian ports as Shanghai, Hong Kong, Xingdao, Singapore, Jakarta, and Port Kelang. Container volumes on the trade lanes that link Australia with 15 other countries from the Asia-Pacific region are also expected to grow significantly as a result of the conclusion of the Regional Comprehensive Economic Partnership (RCEP), a free trade agreement between the ten member states of the Association of Southeast Asian Nations (ASEAN) -- namely Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam-- and five of ASEAN's FTA partners—Australia, China, Japan, New Zealand, and South Korea. India, which is also ASEAN's FTA partner, opted out of RCEP in November 2019.
21 Oct 2016
A group of Asian container lines is injecting capacity into the Asia-Australia trade.
10 Oct 2016
DP World Australia has ordered four ship-to-shore cranes for its terminals on the east coast of Australia.
07 Oct 2016
Several trades out of Asia are in line for rate increases as carriers try to lift prices during the low season months.
25 Jul 2016
Australia’s top container terminal operator will have a new owner in short order.
22 Jul 2016
Orient Overseas Container Line moved more containers in the second quarter of 2016 than the same period a year before.
11 Jul 2016
The Asia-Australia trade will get a new shipping consortium.
01 Feb 2016
In an increasingly uncertain container shipping market, price volatility is one of the few entirely predictable things left, was Drewry’s wry assessment of the wildly fluctuating freight rates on East-West trades.
13 Jan 2016
Maersk Line is still the world’s largest ocean carrier by capacity but its closest rivals, Mediterranean Shipping Co. and CMA CGM, posted higher fleet growth rates during 2015, according to Alphaliner.
16 Dec 2015
Five Asia-based container lines will expand a service in mid-February that connects to Australia, while another China-based line will also beef up its service to and from Oceania.
23 Nov 2015
The Asia-Australia container trade is facing capacity cuts and service withdrawals in the next few months that should give added impetus to rising freight rates that have been increasing since mid-year on a better supply-demand balance.
19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
12 Dec 2014
Carriers announced GRIs this week for several major trade lanes, all effective on Jan. 15. Spot rates on Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, has dropped 23.5 percent in the five weeks since Nov. 6.
Ocean carrier rate revision roundup for Oct. 17
17 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
07 Oct 2014
Containerized exports from Asia to Europe and North America increased year-over-year in August, but spot rates in the Asia-to-Europe and North America trade lanes dropped, according to Container Trade Statistics.
Ocean carrier rate revision roundup for Sept. 26
26 Sep 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Ocean carrier rate revision roundup for Sept. 19
19 Sep 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Ocean carrier rate revision roundup for Aug. 29
29 Aug 2014
Several container lines have planned general rate increases in trade lanes in the next two months, but any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
22 Aug 2014
CMA CGM, China Shipping Container Lines, Orient Overseas Container Lines and Pacific International Lines have plans to launch a joint service connecting Northeast Asia, Australia and New Zealand.
18 Aug 2014
Multiple container lines have planned general rate increases in numerous trade lanes in August, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Ocean carrier rate revision roundup for August 8
08 Aug 2014
Major container lines announced general rate increases taking place in mid-August through October this week.
Ocean carrier rate revision roundup for August 1
01 Aug 2014
Several container lines announced this week general rate increases for the month of September.
Ocean carrier rate revision roundup for July 18
18 Jul 2014
Multiple carriers have announced general rate increases on several trade routes to take effect in August.
Ocean carrier rate revision roundup for July 11
11 Jul 2014
Multiple container lines have planned general rate increases in several trade routes to take effect Aug. 1...
Ocean carrier rate revision roundup for July 4
04 Jul 2014
Several container lines have planned general rate increases in multiple trade routes to take effect Aug. 1...
Ocean carrier rate revision roundup for June 27
27 Jun 2014
Several container lines have planned general rate increases in multiple trade routes to take effect in July, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Ocean Carrier Rate Revision Roundup for June 13
13 Jun 2014
Multiple container lines have planned general rate increases in various trade routes to take effect in July...
Ocean Carrier Rate Revision Roundup for April 25
25 Apr 2014
Multiple carriers have scheduled general rate increases in various trade lanes in May, June and July, although any gains achieved could be fleeting as overcapacity and sluggish global demand continues.
22 Apr 2014
Cascading of larger vessels from east-west into north-south trades is nothing new. But the pace of cascading and the impact it’s having in traditionally profitable north-south markets are gaining increased attention.
Ocean Carrier Rate Revision Roundup for April 18
18 Apr 2014
Several carriers have planned general rate increases in multiple trade lanes in April and May, although any gains achieved could be temporary as overcapacity and sluggish global demand continues.
07 Mar 2014
Several container lines have scheduled rate hikes in multiple trade lanes from April to May, although any increases achieved could be temporary...
OOCL ship
25 Jan 2014
OOCL’s total revenue in the fourth quarter of 2013 fell 1.6 percent year-over-year to $1.4 billion, partially fueling a 4.9 percent decrease in total yearly revenue...
Ocean carrier rate revision roundup
31 Dec 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in January and February.
Ocean carrier rate revision roundup
16 Dec 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in December and January.
01 Nov 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November and December.
25 Oct 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November and December.