The combination of record September import levels, strike diversions and continued Red Sea disruptions has resulted in congestion and extended dwell times of up to an average of 9.25 days at Los Angeles and Long Beach, the highest since 14.2 days in October 2022. With only...
DP World, Patrick Terminals and Victoria International Container Terminal (VICT) have announced a range of landside fee changes for numerous ports across Australia. As a result, each organisation has issued 60-day industry notices (as of 1st November 2024), with the 30-day notices due to be issued...
The re-entry of Australian wine into mainland China has helped exports grow by 34% in value, reaching AU$2.39 billion in the 12 months to September 2024. Volume exports were also up by 7%, amounting to 643 million litres over the same period. This represents the highest...
The New South Wales Government has announced a Regional Network East/West Uplift (RNEW) program which is a 10-year investment pipeline that aims to develop improved regional rail for both freight and passengers. A key element of this program is the improvement of the Country Regional Network...
Transolve Global has ample experience when it comes to managing the logistics of several high-end wine brands. This expertise means our team appreciates that wine is a temperature sensitive item, and understands that high temperatures can easily influence the quality of a wine, impacting its...
The latest Drewry World Container Index (WCI) continued its decline, falling by 4% to US$3349 per 40-foot container in September, which is 68% below the previous pandemic peak of US$10,377 in September 2021. The average composite index for the year to date is US$4079 per 40-foot...
The Australian Government has imposed embargoes on Turkish Airlines which has impacted freight services operating from or via Turkey. The injunctions have sanctioned all cargo services provided by Turkish Airlines and Australian financial institutions are restricted from processing transactions with the airline, complicating any payment processes. These...
Government delegates from around the world at the International Maritime Organization (IMO) have progressed closer towards toward global greenhouse gas regulations aimed at cutting the carbon intensity of shipping by 40% by 2023. A draft legal text which is to serve as the basis for ongoing...
Southwest Florida seaport, SeaPort Manatee, is to be awarded $9.5 million to aid its recovery and repair efforts following the damage caused by Hurricane Milton. Initial damage assessments reflect potential losses of $225 million with the loss of on-site warehouses, docking facilities and widespread destruction...
Container spot freight rates on the main trades out of Asia have continued to fall as the postponement of the ILA strike eased industry concerns about the potential ramifications of the industrial action. Whilst some congestion did result from the three-day ILA strike which has affected...