Newsletter March 2024

Newsletter March 2024

Red Sea Attacks: Disrupting Global Trade

The ongoing attacks by Yemen’s Houthi group in the Red Sea have severely disrupted global trade, significantly impacting Australia’s shipping economy. With over 40 attacks since November 2023, critical maritime routes are under threat, endangering global container traffic and merchandise valued at over $1 trillion annually. These disruptions have resulted in a contraction of market capacity and a surge in shipping rates. As a result, companies are rerouting around the Cape of Good Hope instead of using the Suez Canal/Red Sea route, further impacting global trade networks and economic stability.

New Disruption at DP World Brisbane Terminal

After resolving issues with the Maritime Union of Australia, DP World faces a new disruption in Brisbane as electricians at the Brisbane terminal strike for better pay. Negotiations stall until they return to work for at least 24 hours. Despite DP World’s insistence of no impact, Container Transport Alliance Australia reports significant disruptions, with truck turnaround times increasing to two to five hours. These delays raise operating costs by over 20%, including for truck waiting times, additional container handling, and added labor costs, heightening concerns about driver fatigue.

Pang Hon Choong (Jim)

This month, let’s delve into the professional profile of Jim, our colleague from Malaysia.

Do you have a nickname? Jim
Which Freight Mart branch are you at? From Malaysia to HQ, Perth
Which year did you join Freight Mart International? 2017 (7 Years)
Favourite/Go to Snack Food? No favourite snack
Pets? His name is Lucky he is a dog.
What do you do in your spare time? Badminton/Jogging or do nothing.
Sports – Playing or watching – both or neither? Badminton both watch and play.
Most used App? Youtube
What was your first paying job? Part time waiter during high school holiday
Who inspires you? My Mom, she’s multitalented.
Biggest Fear? Fear of height.
When you were a kid what did you want to be when you grew up? A policeman or a Lawyer
Favourite Books, Movie or TV shows? Movies from Stephen Chou
Coffee or tea? Coffee please!
What is your most prized possession? A ring from my mother for my 18 years old birthday
If you could choose a superpower, what would it be? Teleportation
Do you have a secret talent? I can move my ear without touching it and I can twist my tongue as well.
What is your workout song? No workout song
What’s the top destination on your must-visit list? Japan
What’s your most-used emoji?  😃

Employee Milestones and Celebrations

Freight Mart International Proudly Sponsors the FTA International Trade Ball

Freight Mart International is delighted to announce our sponsorship of the upcoming International Trade Ball for the FTA (Foreign Trade Association). This sponsorship provides us with a unique opportunity to showcase the comprehensive range of services we offer within the industry.

The International Trade Ball promises to be a prestigious event, bringing together key players and decision-makers from the trade community. We are excited to be a part of this event and look forward to sharing more details with you soon.

Stay tuned for further updates on the event, including how Freight Mart International will be participating and how this sponsorship aligns with our commitment to excellence in international trade.

We are thrilled about this partnership and the chance to further connect with our valued clients and partners in the industry. Thank you for your continued support, and we look forward to sharing more news with you in the coming weeks.

Freight Mart International Introduces New Quarantine Wash Bay Service!

Freight Mart International is thrilled to announce the upcoming launch of our new service: Quarantine Wash Bay Service! This new addition to our suite of offerings reaffirms our commitment to being a one-stop solution for all our customers’ needs.

Our Quarantine Wash Bay Service will provide customers with a comprehensive solution, ensuring that their goods meet all necessary quarantine requirements. This new service is a testament to our dedication to providing the best possible service to our customers.

Stay tuned for more updates on the launch of our Quarantine Wash Bay Service. We are confident that this new service will be a great opportunity for us to further enhance the level of service we provide to our customers.

Thank you for choosing Freight Mart International. We look forward to continuing to serve you with excellence.