Hutchison Ports Hutchison Ports has announced an increase to their Landside and Storage Tariffs. These tariffs will become effective as of the 13th of May 2024 and will apply to their Brisbane and Sydney ports. VICT fee increases Victoria International Container Terminal (VICT) has invited submissions under the...
It's been a busy few months here at Transolve H/Q as our team members Rachael Budd, Mariam Kassir and Ayden Dimitropoulos have attended events such as the Premier Cargo Alliance Conference, Premier Bulk Liquids Alliance Conference, as well as the World Olive Oil Exhibition and...
With the exception of extended transit times, Asia-Europe container supply chains have remained relatively unscathed by the Red Sea crisis; however, the same cannot be said of European exporters to the Middle East and Indian subcontinent. Substantially longer transit times and sky-rocketing freight rates have resulted...
The latest Drewry World Container Index (WCI) decreased by 5% to US$3010 per 40-foot container this week, however is 112% higher than average 2019 (pre-pandemic) rates of US$1420. The average composite index for the year to date is US$3453 per 40-foot container, which is $752 higher...
In a bid to increase the market awareness of Australia’s growing certified organic industry, the Federal Government will seek to include organic wine in upcoming trade negotiations with the European Union and Japan. With EU officials scheduled to visit Australia this month, the Department of Agriculture,...
Russia is contemplating imposing a 200% duty on wine imports in order to protect the Russian wine market. This import duty would apply to wine, fortified wine and sparkling wine from ‘unfriendly’ NATO states. The Association of Winegrowers and Winemakers of Russia (AVVR) is driving this...
The catastrophic ship collision and collapse of the Francis Scott Key Bridge has indefinitely blocked access in and out of the Port of Baltimore. A major hub for products such as cars, forest products, farm equipment and sugar, this incident will disrupt a key trade lane...
Terminal operators at the ports of Los Angeles and Long Beach are working to resolve the backlog of rail containers that is a result of strong import demand over the past few months. US imports from Asia were 39.6% higher over January and February compared to...
A surge in imports, compounded by a shortage of available rail cars, has seen the Port of Vancouver hit with rail container backlogs. Whilst import-laden containers declined by 12.7% last year, they increased by 22.3% in January and February, creating congestion and increasing dwell times....
Improved water levels have seen The Panama Canal Authority announce the opening up of three more daily transit slots (as of March 2024) to accommodate growing demand. These additional slots will increase the daily quota to 27, representing a significant increase from the daily limit...