Transolve Global | Shipping

26 Jul World Container Index continues decline

Posted at 20:26h in Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Shipping, 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 weekly decrease by 2.7% to reach $1494.46 per 40-foot container whilst the composite index has dropped by 78.9% when compared to the same week last year. The index is now 86% below the...

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...

26 Jul Ports across India resume operations post Cyclone Biparjoy

Posted at 20:22h in India, Logistics, Shipping by susan pop 0 Comments

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Whilst all ports along the coastline of Gujarat halted operations as a precautionary measure against Cyclone Biparjoy, all ports have now reopened and are operating under normal conditions including: Sikka, Mundra, GPPL Pipavav, Kandla, Navlakhi, Dahej and Hazira. FOLLOW US FOR THE LATEST NEWS! Simply click here...

26 Jul Wine update flags potential resumption of trade with China

Posted at 20:20h in Australia, China, Free Trade Agreement, Logistics, Shipping, Tariffs, Trade Agreement, Wine Industry by susan pop 0 Comments

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According the latest Ciatti market report Australian wine exporters are cautiously optimistic of a resumption of trade with China. This renewed outlook is based on the fact that China and Australia recommenced trading timber in May, an agreement, which is worth $600 million, therefore increasing...

05 Jun Container Newbuilds Forecast To Hit A 14-Year Low

Posted at 02:45h in Shipping, Shipping Containers, World Container Index by susan pop 0 Comments

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According to Drewry, factors such stagnating trade and a growing surplus of shipping containers are resulting in a substantial decrease in newbuild container output. Research shows that newbuild construction is forecast to drop to its lowest level in 14 years, following a contraction of 71%...

20 May Zim Increased Frequency On Trans-Tasman Service

Posted at 02:26h in New Zealand Ports, Shipping, Supply Chain by susan pop 0 Comments

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ZIM has announced it will double the frequency of Port Chalmers calls on its New Zealand to Australia (N2A) shipping service. Initially launching this call on a fortnightly basis, this increase has been made in response to demand from both importers and exporters based in New...

20 May Global Schedule Reliability Improving

Posted at 02:22h in Freight Forwarders, Global Trade, Logistics, Shipping, Supply Chain by susan pop 0 Comments

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According to shipping analyst, Sea-Intelligence, global schedule reliability is demonstrating a vast improvement. In the most recent performance report, statistics show an improvement increase of 7.7% per month, reaching a reliability of 60.2%. Global reliability was 26% higher in February 2023 than in February 2022. In...

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...

05 Apr Rural Sector Sentiment Falls Amidst Market Concerns

Posted at 02:04h in Australia, Freight Forwarders, Global Trade, Shipping by susan pop 0 Comments

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Market sentiment from rural Australian producers has fallen to its lowest level since late 2018 as producers continue to navigate a range of economic and financial uncertainties, with commodity prices, interest rates and re-emergence of drought topping the list of concerns. According to the latest Rabobank...

10 Feb Can Container Lines Withstand A Massive Increase In Vessel Capacity?

Posted at 01:57h in Freight Forwarders, Logistics, Logistics Solutions, Ocean Freight, Shipping, Shipping Containers by susan pop 0 Comments

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The global ocean container trades are in a precarious state. Following a period of seesawing freight rates and persistent service failures, ocean carriers and shippers are struggling to achieve some measure of equilibrium. But a flood of new vessel capacity, scheduled to enter service over...