Transolve Global | Port Disruptions

09 Apr Port of Baltimore closed indefinitely

Posted at 21:25h in Freight Forwarding, Logistics, Port Disruptions, Port of Baltimore, Ports, Shipping, Supply Chain by susan pop 0 Comments

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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...

09 Apr Red Sea disruption continues

Posted at 21:12h in Global Trade, Port Disruptions, Red Sea, Supply Chain by susan pop 0 Comments

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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,...

18 Mar Oakland International Container Terminal Continues Clearing Backlog

Posted at 20:00h in Port Disruptions, Ports, USA by susan pop 0 Comments

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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...

18 Mar Industrial Action Continues At DP World

Posted at 19:53h in Australia, Australian Ports, Dp World, Industrial Action, Port Disruptions by susan pop 0 Comments

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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...

18 Mar India-Europe Impacted By Red Sea Diversions

Posted at 19:47h in Freight Forwarders, Freight Forwarding, Ocean Freight, Port Disruptions, Ports, Red Sea, Shipping by susan pop 0 Comments

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Vessel diversions have added an average of 10 days to what was traditionally a short European transit for shippers across India and the Middle East. Red Sea disruptions have seen transit times from India to Rotterdam increase from 23 to 33 days, subsequently resulting in a...

18 Mar Red Sea Disruptions Slated To Continue Indefinitely

Posted at 19:42h in Freight Forwarding, Global Trade, Logistics, Port Disruptions, Red Sea, Shipping by susan pop 0 Comments

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As general cargo ship Rubymar officially became the Red Sea's first vessel casualty and Houthi attacks continue, there appears to be no end in sight for the current Red Sea situation. Drewry data shows that container ship transits across the Suez Canal were down 64% from...

27 Feb Red Sea Disruptions Persist

Posted at 12:27h in Freight Forwarding, Global Trade, Ocean Freight, Port Disruptions, Red Sea by susan pop 0 Comments

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As we enter the third month of attacks on commercial vessels, there remains no sign of an end to the deteriorating security situation across the Red Sea. With the situation expected to remain volatile for months, shipping lines are settling into their "new normal" of longer...

27 Feb VICT Terminal Closure Notice

Posted at 12:25h in Australia, Australian Ports, Blockade, Global Trade, Port Disruptions, VICT by susan pop 0 Comments

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As at the time of publication, the Victoria International Container Terminal (VICT) was forced to close on Wednesday 21st February with all bookings cancelled through to 9am Thursday 23rd February, resulting in a more challenging situation with regards to obtaining timeslots for imports, exports and...

15 Feb Turbulent Times Result in Rising Rates

Posted at 10:57h in Baltic Freight Rates, Fees and Charges, Freight Forwarders, Freight Rates, Global Trade, Logistics, Ocean Freight, Panama Canal, Port Disruptions, Red Sea, Shipping, Suez Canal Toll Increase, Tariffs, Update by susan pop 0 Comments

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With a swirling vortex of compounding factors from the Suez and Panama Canal and peak-season surcharges, to the Houthi of the Red Sea through to the general rate increases, there is no doubt that businesses across the globe are being hit with a whirlwind of...

15 Feb Red Sea Impacts Supply Chains Across The Globe

Posted at 10:41h in Freight Forwarding, Global Trade, Logistics, Ocean Freight, Port Disruptions, Red Sea, Shipping by susan pop 0 Comments

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Recent attacks by Yemen-based Houthi forces on commercial ships in the region, followed by retaliatory strikes by U.S. and British warplanes, ships and submarines on Houthi bases, have raised concerns about widening conflicts in the region. As a result, shipping lines are diverting  a growing number...