Red-hot iron ore dents huge budget deficit


Treasurer Josh Frydenberg is expected to hand down a modestly improved budget position when his mid-year review is released later this week.
It may be only a couple of months since he delivered his delayed 2020/21 budget, but a lot has happened in the interim.

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Trade imbalance causes container shortage; freight rates hit the roof

Container shortage in India due to the uneven import-export scenario is taking costs through the roof for both, shipping lines as well as the importers and exporters. “Freights have jumped on all routes in the range of 20-100 percent depending on the sector. Exporters are operating […]

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