The container shipping industry had one of its worst years in 2016. In his Editor’s Insight, Nevil Gibson says a recovery is underway and that’s good news for importers and exporters. Nevil Gibson joins me now. How bad was 2016 for container shippers?
A counterfeit containers warning issued to the Customs Brokers’ and Forwarders’ Council of Australia (CBFCA) by Australia’s Department of Immigration and Border Protection (DIBP), could serve as a timely portent for New Zealand shippers.
Mainfreight says KiwiRail needs to find an alternative way to get urgent freight from Auckland to Christchurch as fast as it can. Earthquake damage has left CentrePort in Wellington unable to load and unload container ships and has damaged the rail link to Christchurch, forcing trucks to take up the slack.
Importers and exporters are piling work onto other New Zealand ports as they scramble to keep cargo moving after last month’s earthquake blocked most of the trade out of Wellington.
You might soon have to pay GST on all the goods you buy online, not just purchases of digital goods including music, software and films and TV shows.
Hanjin’s receivership represents the greed of the container shipping market, and despite continuing concerns of weak trade growth and fleet oversupply, a gradual market recovery is now expected, according to the latest annual Container Forecaster and Review 2016/17 report published by global shipping consultancy Drewry.
The online shopper is questioning what happens to the GST and customs duty, charged on purchases from overseas when goods are returned.
When I looked in March at the work that had been released by the Port Future Study’s Consensus Working Group (CWG), identifying a long list of areas being considered as options to meet Auckland’s future demand for a port, I had major reservations about some of the options being considered – particularly Muriwai, the Kaipara Harbour, Mahurangi (south east of Walkworth), and Whakatane.
In a week when one of the world’s top ten container lines went bankrupt, the business performance of shipping and ports has come firmly under the spotlight, not just globally but in NZ too.
Reports are emerging of some carriers and other supply chain service providers imposing “exorbitant and unjustified charges” in particularly Asia and Africa following the July 1 enactment of the new verified gross mass (VGM) regulations for packed containers.