Transolve Global

15 Aug The truth about the peak season ahead

Posted at 17:48h in Business, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Logistics Solutions, Ocean Freight, Ports, Shipping, Shipping Containers, Supply Chain, Trade Volume, World Container Index by Susan 0 Comments

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There's been substantial commentary around the lack of a perceived peak season in 2023 however given the rapidly changing situation across the ocean's trade routes, how accurate does this claim continue to be? Whilst traditionally the premise of a peak season is based on the volume...

15 Aug VICT Container VGM Check Weighing – Weight Discrepancy Fee

Posted at 17:44h in Australia, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Ports, Shipping, Shipping Containers by Susan 0 Comments

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Since 1 June 2023, Victoria International Container Terminal (VICT) at Webb Dock, Melbourne has been applying a VGM Weight Discrepancy Fee for full import and export containers determined to have a variance over or under one tonne from the container's Verified Gross Mass (VGM) declared...

15 Aug ILWU workers reach agreement ending weeks of port disruptions along west coast of Canada

Posted at 17:16h in Freight Forwarders, Global Trade, Industrial Action, Port Disruptions, Ports, Shipping by Susan 0 Comments

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The International Longshore and Warehouse Union (ILWU) has announced that just shy of 75% of its membership has moved to agree to a four-year contract which will see weeks of uncertainty and disruption along the Canadian west coast supply chain conclude. Whilst details of the agreement...

26 Jul Panama Canal introduces new restrictions in wake of worsening drought

Posted at 20:25h in Australia, Environment, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Panama Canal, Ports, Shipping, Shipping Containers by susan pop 0 Comments

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Severe drought conditions affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected this summer. The Panama Canal Authority (ACP) has stated it will progressively decrease the...

05 Jun Disruption Along U.S. West Coast Sees Calls For Government Intervention

Posted at 02:46h in Industrial Action, Port Disruptions, Ports, USA by susan pop 0 Comments

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Continued unofficial disputes over wages, safety, automation and other factors have resulted in continual disruptions, including terminal closures, along the ports of Los Angeles and Long Beach. Elsewhere along the coast, operations appeared to be back to normal, with the port of Oakland stating that the...

05 Jun World Container Index Update

Posted at 02:44h in Freight Forwarders, Global Trade, Logistics, Ports, Shipping Containers, World Container Index by susan pop 0 Comments

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The latest update of Drewry's composite World Container Index (WCI) has seen a fall of 20% to US$1685.32 per 40-foot container this week, representing a drop of 78% when compared with the same week in 2022. The WCI is now 84% below the peak of US$10,377,...

20 May Western Australian Ports Receive $136 Million Funding

Posted at 02:28h in Australia, Ports by susan pop 0 Comments

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The 2023 WA state budget has allocated $136 million to projects that will increase the capacity of ports and diversify exports across the state. This funding aims to expand the Geraldton Fishing Boat Harbour, support the Geraldton Port Maximisation Project and upgrade roads and berth facilities...

20 May Disruptions Across New Zealand Port

Posted at 02:27h in New Zealand Ports, Port Disruptions, Ports by susan pop 0 Comments

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The NZ government announced a state of emergency on the 9th of May as inclement weather caused substantial damage and road closures across the region. This heavy rainfall and flooding has disrupted shipping schedules at the port of Auckland over this last week. As of 10...

20 May Cairns Marine Precinct To Undergo $39 Million Upgrade

Posted at 02:25h in Australia, Ports by susan pop 0 Comments

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The Queensland government has announced a $39 million upgrade to the shipyard facilities and infrastructure at the Cairns Marine Precinct. This project, which consists of the upgrade of waterfront facilities, a road upgrade, bridge, two wharves and a common user facility, will enhance capabilities and opportunities...

05 Apr Maersk Cancels New Zealand Coastal Service

Posted at 02:09h in Freight Forwarders, New Zealand Ports, Ports, Shipping by susan pop 0 Comments

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After less than a year of operation, MAERSK has announced that it will phase out its New Zealand Coastal Connect service. This will be completed over the month of April 2023. Whilst the New Zealand Coastal Connect service will be phased out Maersk has announced that...