The disruptions across the Red Sea continue unabated, with ongoing route diversions, prolonged transit times and associated delays resulting in an 80% volume reduction of maritime traffic across the Suez Canal. However, whilst the continued shipping diversions have seen rates surge 200% throughout January and February,...
As of 3 June 2024, Australian businesses exporting to the European Union (EU) will need to fulfill additional data requirements. As part of the upcoming third release of the EU’s Import Control System 2 (ICS2), all cargo that is discharging, transhipping in the EU, Northern Ireland,...
In welcome news, China 's Ministry of Commerce has announced the abolishment of tariffs on Australian wine, which became effective as of 29th March 2024. Prior to the introduction of these punitive tariffs, mainland China was Australia's most valuable export market, worth AU$1.3billion, a value...
Did you know that Transolve is one of Australia's most experienced international freight forwarders? We empower the wine and oil industry with logistics solutions that deliver the right blend of cost efficiency, reliability and competitive advantage that's needed to at the forefront of your market Benefit...
The latest Drewry World Container Index (WCI) decreased by 5% to US$3493 per 40-foot container this week, however experienced an 88% increase when compared to the same week last year. The average composite index for the year to date is US$3553 per 40-foot container, which is...
The EU has announced new regulations around sustainable aviation fuel (SAF) expectations for airlines that fly within or depart from EU nations. These new green laws ReFuelEU focus on aviation and outlines that all flights departing from and to an EU airport must use a minimum...
A backlog at Oakland International Container Terminal (OICT) is expected to clear within the next fortnight. This backlog was caused by a combination of various factors, including an electrical outage, low worker productivity due to Super Bowl Sunday and super-post Panamax ships waiting for a...
The Federal Maritime Commission (FMC) has confirmed regulations concerning detention and demurrage billing, which are due to come into effect as of 28 May 2024. These new rules centre on the demurrage fees charged by carriers and container terminals when full containers are not picked up...
The Maritime Union of Australia (MUA) and Maritime Union of New Zealand (MUNZ) have announced that they will formally join forces to strengthen workers' power at ports across both nations. This formal arrangement, representing tens of thousands of maritime workers, is a natural evolution for both...
Industrial action continues to impact DP World Brisbane terminal as the Electrical Trades Union strikes for a better pay deal, with the goal of receiving the same pay increases recently negotiated by the Maritime Union of Australia (MUA). Whilst DP World is adamant there is no...