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Redox Limited (ASX: RDX) is pleased to announce that Redox has been selected for inclusion in the Standard & Poor’s (“S&P”)/ASX 300 Index by the S&P Dow Jones effective prior to ASX market opening on March 18, 2024.

Raimond Coneliano, CEO and Managing Director, comments, “We are very pleased that Redox has been selected for inclusion in the S&P/ASX 300 Index. This was one of our aspirations during our IPO process last year and we’re satisfied to have achieved this milestone so quickly. In a way, this is recognition of the enduring value that the company has built over nearly sixty years as a leading chemical and ingredients distributor coupled with an exciting growth trajectory as we expand globally. S&P/ASX 300 Index inclusion places Redox amongst the 300 largest securities traded on the ASX. It should help increase Redox’s trading liquidity through incremental demand for our shares from institutional investors and fund managers who track the composition of the Index and benchmark their performance against it.”

The S&P/ASX 300 is designed to provide investors with broader exposure to the Australian equity market. The index measures 300 of Australia’s largest highly liquid securities listed on the ASX by float-adjusted market capitalization. The S&P/ASX 300 index covers the large-cap, mid-cap, and small-cap components of the S&P/ASX Index Series.

This index is designed to provide investors with broad exposure to the Australian equity market while allowing them to benchmark against a wide selection of opportunities based on specific size and liquidity parameters.

The beginning of 2024 has raised concerns about a potential crisis in the International Shipping industry, reminiscent of the challenges faced during the COVID-19 pandemic. Various factors, including instability in the Red Sea, a drought affecting the Panama Canal, and industrial action at DP World, impact both containerised freight’s cost and reliability. In the last week of 2023, shipping rates surged by an unprecedented 40% within a single week, indicating significant disruptions. [1]

Geo-political issues, war & Houthi rebel attacks in the Red Sea have caused an undeniable shock to the global supply chain. Major Containerised shipping lines are now avoiding transiting the Suez Canal and instead diverting around the cape of Good Hope – adding three weeks to their transit times. With 30%[2] of Global container trade passing through the Suez, this has had significant flow on effects to all areas of shipping. Prices have been reported to have surged up to five-fold on European routes and doubled or tripled on other non-European routes. [3]

Red Sea at Aqaba in Jordan – International Shipping impacted by geo-political tensions in the Red Sea. Shipping lines diverting around Cape of Good Hope.

The Panama Canal is facing a severe drought, reducing its operational capacity. As a result, daily traffic has decreased by nearly 40% [5] compared to the previous year, with restrictions allowing only 24 vessels per day instead of the usual 36[4]. This reduction in capacity is impacting shipping lines, either causing them to divert around South America or resort to rail transport across Panama. Customers on the East Coast of America are particularly affected, experiencing increased prices and extended transit times.

Although the Asia to Oceania trade might not be directly affected by issues in the Red Sea and Panama Canal individually, combined, these areas traditionally handle a significant portion of containerised freight movements. Rerouting vessels around Africa alone reduces global containerised shipping capacity by 9% [6], leading to vessels being reallocated from Oceania and other regions. This imbalance results in price hikes and difficulties in accessing empty containers.

While Industrial action at DP World ceased at the beginning of February, the flow of effects will continue to be felt for the coming weeks and months. With a backlog of over 50,000 containers across most Australian ports and vessels out of rotation, delays can continue to be expected until this backlog is cleared. Whether related or not, the deal was reached on the same day as DP World announced prices increases of 52%[7], which will be passed on to the importer.

The hope for stability in the International Shipping Market post the Lunar New Year Holidays is tempered by continued increased transit times due to diversions around the Suez and Panama Canal. This ongoing situation will lead to sustained price and scheduling pressures. Planning ahead, allowing additional lead time, and considering increasing order sizes are advisable. Customers are encouraged to consult with their Redox representatives to devise strategies for minimising risks and addressing any shipping challenges that may arise.

 

In the often-overlooked realm of soil lies a bustling ecosystem teeming with microorganisms, where a mere teaspoon of soil houses more life than the entire human population on Earth. This intricate world is vital in maintaining soil fertility, influencing nutrient cycling, enhancing plant growth, and even breaking down toxic substances.

Microbial Abundance and Importance:

Delving into the microscopic universe, we find staggering numbers: a kilogram of fertile soil can host 500 billion bacteria, 10 billion actinomycetes, and 1 billion fungi. These microorganisms play a crucial role in soil fertility by cycling nutrients, improving structure, and supporting plant health. They also act as nature’s recyclers, breaking down toxic substances through enzymatic activities.

Factors Influencing Microbial Presence:

Various factors, such as temperature, humidity, oxygen levels, soil pH, nutrient availability, and management practices, influence the presence and activity of microorganisms in the soil. Temperature, in particular, plays a pivotal role in microbial development; at very low temperatures, the enzymatic activity of these organisms is reduced, and protein denaturation may occur at high temperatures. 

Humidity and oxygen concentrations also have an important role; in well-aerated soil, there will be greater energy production, a more significant population, and activity of microorganisms. For example, thiobacillus, vital in solubilisation, works more quickly under warm and moist conditions. Low temperatures slow the action of Thiobacillus bacteria.

Microbial Fertilisers and Their Role:

Microbial fertilisers contribute to soil and plant health, comprising bacteria, algae, fungi, and biological compounds. These microbes colonise the rhizosphere upon application, multiplying rapidly and producing trillions of beneficial organisms within a few days. These microbes can act as biological predators, producing antibiotics, enzymes against pathogens, and phytohormone production that benefit plant growth.

Microbial Benefits:

The advantages of soil microorganisms are multifaceted. They help control the spread of diseases through competition, antibiosis, parasitism, and resistance induction. These tiny life forms also play vital roles in nutrient mineralisation, phosphate solubilisation, and controlling soil salinity.

Microorganisms improve a plant’s ability to withstand environmental stresses like water scarcity by employing different mechanisms, such as producing substances that keep the roots hydrated.

Moreover, microorganisms aid in bioremediation, mitigating phytotoxicity and heavy metal contamination by metabolising these substances into inert forms. They enhance plant tolerance to abiotic stresses, such as water stress, through various mechanisms, including producing substances that hydrate roots.

Mycorrhizae – Nature’s Symbiotic Partners:

A significant player in the soil ecosystem is mycorrhizae, a mutualistic symbiosis between soil fungi and plant roots found in over 80% of vascular plants. This partnership enhances nutrient and water transfer, improves soil structure, and boosts plant vigour. Mycorrhizae secrete enzymes that break down nutrients, making them accessible to plants.

Biological Solutions for Sustainable Agriculture:

Highlighting the potential of microbial products, such as Redox Bactivate 3-5 Liquid and Reox Bactivate Biocult, we witness how specific strains of bacteria contribute to better and healthier soil and enhance overall crop quality. These products demonstrate benefits like improved nutrient uptake, soil-bound nutrient solubilisation, and enhanced environmental stress resistance.

How can we help?

In the intricate dance of soil microorganisms and mycorrhizae, we discover a symphony of life that sustains the very foundation of our agricultural ecosystems. By understanding and harnessing the power of these microscopic wonders, we pave the way for sustainable and resilient agriculture, ensuring the health of our soils and the prosperity of future generations. 

Contact us today to explore how our microorganism solutions can contribute to your plant’s success. Your plants deserve the best; we’re here to help you achieve just that.

Article compiled by our Redox Agronomists 

Global shipping costs are rising due to Houthi rebel attacks on cargo ships near the Red Sea, impacting the Suez Canal and supply chains in Europe and the U.S. Shipments are delayed, and transportation costs are increasing.

In the week ending January 18, the average cost of shipping a 40-foot container worldwide rose by 23% to $3,777, more than doubling from the previous month, according to a report from London-based Drewry Shipping Consultants.

These issues extend beyond trade routes between China, Europe, and the U.S. Shipping rates from China to Los Angeles increased by 38% in the same week, reaching $3,860.

Philip Damas from Drewry Shipping Consultants notes growing unpredictability in international shipping. While big companies with long-term contracts are somewhat protected, many are paying extra fees, like a 20% surcharge, to cover higher expenses.

In Yemen, Houthi rebels attack commercial ships amid the Israel-Hamas conflict. Despite U.S.-led protection efforts, attacks persist, causing damage to cargo ships.

The International Monetary Fund reports a 37% drop in Suez Canal traffic in 2024 compared to the previous year. Major shipping companies, including A.P. Moller-Maersk and Hapag-Lloyd, reroute ships around Africa, adding over a week to travel times.

The Suez Canal is crucial to reducing international shipping disruptions due to its strategic location, providing a vital and time-saving maritime route that connects the Mediterranean Sea to the Red Sea, allowing ships to bypass the lengthy and perilous trip around the southern tip of Africa.

Amidst the avoidance of the Suez and Red Sea by major shipping lines and the preference for rail transport across Panama, retailers assert their ability to handle delays. Nevertheless, Brian Bourke, SEKO Logistics’ global chief commercial officer, highlights that apparel companies, keen on timely spring fashion arrivals, are resorting to airfreight. Maersk and Hapag Lloyd, significant international containerised shipping lines, have suspended ship movements through the Bab-al Mandab Strait, linking the Red Sea to the Gulf of Aden and the Indian Ocean. 

Although primarily impacting Asia to North Europe and Mediterranean routes, historical incidents suggest potential serious consequences in other regions if the situation persists.

Paul Zalai, the Director of Freight & Trade Alliance (FTA) and Secretariat of the Australian Peak Shippers Association (APSA), refers to events from March 2021 when the mega-vessel Ever Given ran aground in the Suez Canal “The impact of the waterway closure for six days threw vessel schedules internationally into disarray – this may fade into insignificance compared to the current conditions that are likely to continue for a significant period with other shipping lines likely to follow, understandably not wanting to endanger the lives of seafarers, the safety of vessels and the cargoes they carry.”

“We are likely to know more in coming days – should marine insurers withdraw policies for ships passing through the area or declare the Red Sea a ”war zone”, shipping lines will be commercially left with little option but to abandon this key waterway,” Zalai said.

Zalai says the withdrawal of vessel services from the route will mean their diversion via the Cape of Good Hope. “This will add about ten days to transit times and estimated arrival dates in North Europe and Mediterranean ports – we can again expect that shipping lines will recover these costs through additional surcharges on cargoes.”

Suez Canal problems compound with challenges at the Panama Canal, limiting ship passage due to a drought.

Party City in New Jersey, facing delays of up to a week and extra charges of $300 to $500 per container from Asia to U.S. ports, strives to ensure timely store deliveries despite setbacks.

On September 15th, we hosted a special RUOK Day Breakfast BBQ for our valued staff, serving a delectable spread of sausages, eggs, bacon rolls, and more.

R U OK? Day serves as a poignant reminder that any day is an opportunity to ask a simple yet profoundly important question: “Are you OK?” It’s a day dedicated to offering support and compassion to those who may be navigating life’s challenges.

This year, the theme was “R U OK? – I’m here to hear.”

We added a delightful twist to the event by playing an engaging game of HUMAN BINGO. Similar to traditional bingo, the goal was to complete a row, but instead of numbers, we used people descriptors. Laughter and camaraderie filled the air as our team members enthusiastically participated.

Human Bingo Rules

The event was a resounding success, leaving everyone not only with full stomachs but also with a renewed sense of connection and support.

For more information about R U OK? Day and the important work they do, please visit their website.

Redox is committed to nurturing a culture of compassion and understanding within our organisation. We extend our gratitude to our HR department and all the individuals who contributed their efforts on that day. Thank you.

Taurine is a β-amino acid containing a sulfonate instead of a carboxylic group in α-amino acids. It is vital for organ development and aging but not for protein synthesis. Taurine is needed for membrane stabilization, has cytoprotective and cell volume regulation effects, and maintains calcium homeostasis and signalling. 

Taurine deficiency impairs growth, fertility, triggers immune deficiency, muscle atrophy, and increased susceptibility of diseases, resulting in a pathological condition known as green liver in strictly marine species due to bile pigments accumulation. Under normal nutritional conditions, fish can produce taurine via methionine-cysteine metabolism pathway.

It is well known that a steady decline of fish meal inclusion levels in aqua cultural feeds has pushed higher inclusion levels of plant protein rich ingredients supplemented crystalline methionine. We assume that the higher level of dietary methionine supplementation might provide a sufficient taurine precursor to support growth rate in fish. However, Gaylord et al (2007) indicated dietary taurine supplementation was indeed beneficial fort rout fed all-plant protein diets, but supplementation of methionine above the requirement could not spare taurine.

Based on the control diet without supplemental methionine and taurine, taurine and methionine were supplemented at 0, 5, or 10 g/kg diet in a 3 x3 factorial design, respectively (figure 1).

Figure 1. 9 experimental diets in 3×3 factorial design.

 

The relative body weight gains in 9 dietary treatments were shown in Figure 2. There was no interaction (P > 0.05) between Taurine and methionine supplementation. Adding about extra 6.5 g/kg taurine could optimize Rainbow Trout body weight gain.

Figure 2. Relative body weight gain in response to taurine and methionine supplementation

A study compiled by our Redox Animal Nutritionists.

Redox are proud to announce another sales record with revenue growing to $1.26b, up from $1.08b in 2022.

CEO & Managing Director Raimond Coneliano said “We achieved a record FY23 sales result with revenue increasing 16.2% to $1.26 billion over the prior year. This is a fantastic achievement despite the industry at large continuing to face uncertain global economic and trading conditions and pricing volatility. The record sales performance was supported by our strategic decision in the first half of the year to secure inventory to reliably meet our customers’ demand.

As such, Redox was able to maintain its strategic leadership in its core market of Australia and New Zealand, delivering important gains in share of wallet with some of our larger customers, which was supported by adding exciting new products to our diversified portfolio.

In the US, a key growth market for Redox, we continued to grow our presence by expanding into four new locations, bringing our network to six. This geographic expansion and new customer wins have driven strong revenue growth, and we are confident the expanding platform will continue to maintain the positive momentum we are experiencing in the US.

In Asia, sales in Malaysia were relatively stable in FY23 while we also registered a new entity in Singapore to take advantage of the opportunities in that market.”

The company thanks it’s loyal customers, suppliers and team members for their support during the year.

On Monday, the 3rd of July 2023, at midday in Sydney, the company was officially listed on the Australian Securities Exchange (ASX).

This is the culmination of more than 58 years of hard work by the Coneliano family and our loyal employees; we believe that listing on the ASX has strengthened the company and will provide it with a foundation to grow into the future.

The company thanks our advisors UBS, Ord Minnett, Herbert Smith Freehills, Deloitte and Citadel Magnus for their assistance throughout the IPO process.

Finally, we extend a warm welcome to our new shareholders of Redox.

Today is World Water Day, focusing on expediting efforts to address the global water and sanitation crisis. Since water is a fundamental need for everyone, it is essential that each one of us takes responsibility and takes action towards this cause.

In 2021 Redox commenced support for Médecins Sans Frontières (MSF) to aid their critical global efforts. Our donations help enable the teams at MSF to respond promptly to emergencies and deliver superior medical care to those in dire need-no more important than clean, accessible water.

MSF operates in countries where access to water can mean the difference between life and death. Inadequate water results in crop failure and suffering, while excess water leads to natural calamities like floods, landslides, and epidemics. Clean water is crucial in preventing waterborne illnesses.

World Water day men pumping water

Sera James, a resident of Akello village, shares a laugh with her friends as she draws water from a pump MSF teams have just installed to improve the community’s access to clean water during the dry season. Pibor country, South Sudan, March 2022.
NJIIRI KARAGO/MSF

During times of crisis and disaster, the most vulnerable, such as children, pregnant women, the elderly, and displaced individuals, are usually the first to bear the brunt. In Afghanistan and Syria, people are cut off from water supplies. In contrast, the Sahel region’s lack of food and water exacerbates existing inequalities. Eastern Africa experiences relentless storms and cyclones, causing widespread destruction.

Humanitarian medical needs continue to grow in these regions, and climate crises are emerging as a new area of concern for aid organizations. Drought in Madagascar is leading to increased malnutrition, while frequent extreme weather events are destroying livelihoods in countries such as Malawi. Persistent flooding in South Sudan has resulted in a rise in malaria cases.

These crises are often intertwined, with water being the common denominator.

World water day pumping clean water

MSF teams try out a water pump as part of a bid to provide clean water and latrines to displaced people in Rho camp—Democratic Republic of Congo, December 2021.
ALEXIS HUGUET

Despite the challenges facing the world’s freshwater resources, there is still hope for a sustainable future. By taking action to conserve and manage our water resources, we can help ensure a future where clean and safe water is available to everyone. We can make a difference by adopting sustainable water practices in our daily lives, such as reducing water usage, fixing leaks, and using water-efficient appliances. Organizations and governments can also play a significant role by implementing policies and initiatives that promote sustainable water management. Let us take inspiration from World Water Day to work together towards a future where access to fresh water is a reality for all.

Join us in supporting the critical work of Médecins Sans Frontières by clicking here to donate. Your contribution will help MSF continue providing lifesaving care in emergencies and beyond, ensuring that vulnerable communities receive the help they need even after the headlines have faded. 

There’s no dispute that STEM and STEAM skills are vital in children’s education. That’s why every November 8 since 2015, National STEM/STEAM Day illuminates science, technology, engineering, arts, and mathematics. Encouraging children to advance in these fields will crucially support the country’s backbone — and it’s future.

National STEM/STEAM Day is the perfect opportunity to explore these topics and get children excited about learning. 

Here are some fun ways to celebrate:

How to Celebrate National STEM/STEAM Day

Indulge the Inner Inventor

Kids are natural inventors. They’re always looking for ways to solve problems and make their mark on the world. STEM/STEAM skills give them the tools they need to turn their ideas into reality.

Through the power of invention, kids learn to take risks with their choices. They use their powers of critical thinking, partnership with others, problem-solving, and reasoning skills to delve forward and achieve results. STEM learning is an excellent way for kids to develop these skills while having fun.

On National STEM/STEAM Day, encourage your child to let their creativity run wild. 

Visit a Museum…Virtually

STEM education is vital to preparing the next generation of innovators and leaders. STEM learning helps students develop critical thinking and problem-solving skills. 

On National STEM/STEAM Day, museums offer a variety of programs that engage young learners in STEM concepts. These programs are designed to spark curiosity and inspire a love of learning.

Many locations also offer free movies, guided digital tours, and webcasts and seminars to allow students to integrate with STEM learning efforts from afar.

Teach the Real World 

STEM learning is all about problem-solving and critical thinking, so it’s essential to make sure your child is engaged and excited about the material. 

One way to do this is by using games and puzzles focusing on STEM concepts. Not only will your child be having fun, but they’ll also be learning critical STEM skills.

All STEM/STEAM-based projects focus on the crux of developing thoughtful solutions for real-world concerns. A key for students, these projects allow them to see and experience the impact of what they’ve learned. 

STEM Day

Students doing a presentation in the classroom about real world STEM studies

By studying STEM, you can learn how to make the world a better place. With a STEM education, you might be the one to find the solutions to the world’s problems.

Improve with Art

Developing artists whose creativity extends beyond the realms of fantasy find encouragement to build on their skills by creating fresh STEM projects that unite technology with art.

STEM offers artists a chance to explore new dimensions in their work, and to create something that is both functional and beautiful. By combining art and STEM, artists can bring their vision to life in ways that were once impossible.

STEM Day

Young girl building a Robotic Car In a STEM Lesson

Some of the most popular STEM projects for artists include 3D printing, robotics, and circuitry.

What are we are doing

As part of our contribution to science education, Redox has donated to the Chemical Educational Foundation (CEF) through their ‘You Be The Chemist’ program.”

STEM Day

You Be The Chemist inspires students, engages educators, and strengthens communities to build a better world through the science of chemistry.

You Be The Chemist is building the future workforce by celebrating the role of science and chemistry in everyday learning and life.

For more STEM and STEAM activities, Google National STEM Day, and don’t forget to celebrate our nation’s STEM and STEAM superstars — the scientists, engineers, artists, and mathematicians who make incredible things happen every day!