May 2020 – News Brief

At FJT Logistics, we are experiencing a sense of synergy, camaraderie, and energy, as we bring our teams back into the office environment after an extended period of working remotely. 

We are proud of the resilience and efforts of our team to work remotely in a cohesive manner, maintaining their client-centric approach, but certainly there is a feeling of ‘getting the band together’.

From what we hear from our customers, this is a positive experience that they too are  going through.

There is some positive industry news covered in this month’s news brief, such as the upcoming Free Trade Agreement with Indonesia, and the rail transformation project in the Port of Melbourne.

There is still uncertainty ahead for global trade, and there are influencing factors that are beyond our control, as an industry, as a country.

What we can control is how we approach these challenges, and we look forward to working with our valued business partners on the challenges and opportunities ahead.

We are ready.

Port of Melbourne

Rail Transformation Project Update

We have been advised by Freight & Trade Alliance (FTA) that Port of Melbourne’s Rail Transformation Project is set to go ahead.

The $125 million project will include a new rail operating inside the port to provide an alternative way to move containers that currently can only be moved by truck.

Effective 1 June 2020, there will be a tariff of $9.75 per TEU on full import containers to help fund the rail project.

Indonesia - Australia

Comprehensive Economic Partnership Agreement

The Indonesian Government have ratified the Indonesia – Australia Comprehensive Economic Partnership Agreement which has an expected commencement date of 6 July 2020.

The Indonesian Free Trade Agreement will apply to goods in transit, or goods cleared for entry, on the date of commencement. This will bear significant benefits to Australian exporters.

Indonesia will be implementing the declaration of origin system, with a possibility for declarations to be issued post importation that can facilitate refunds where a declaration or certificate of origin was available at the time of import.

 

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