Freight Forwarding

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...

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...

15 Dec Transolve Wins Highly Commended Freight Forwarder At DCN Awards

Posted at 01:35h in DCN Awards, Freight Forwarders, Freight Forwarding, Industry Award by susan pop 0 Comments

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We're excited to announce that the Transolve team has been recognised in the Freight Forwarder of the Year Award at the 2023  DCN - Daily Cargo News  Shipping & Maritime Awards as Highly Commended! It's truly a reflection of the strength and passion of our...

07 Dec Trans-Atlantic Rates Fall To Pre-Pandemic Levels

Posted at 00:06h in Freight Forwarding, Freight Rates, Logistics, Ocean Freight by susan pop 0 Comments

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Excess capacity and weak US import demand has seen freight rates across the Trans-Atlantic fall below pre-pandemic levels, with the spot rate down 57% from the same period in 2019. According to PIERS, total containerised imports from Asia tumbled 21% year over year through August in...

06 Dec Increase In Import Growth Sees Spot Rates Rise

Posted at 23:45h in Freight Forwarders, Freight Forwarding, Shipping by susan pop 0 Comments

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US imports from Asia increased for the fifth consecutive month in July, reaching 1.46 million TEUs  - the highest since September 2022. This increase reflects the increased probability that eastbound trans-Pacific trade will return to year-over-year import growth this upcoming peak season. Although total July imports from...

06 Dec Panama Canal Still Causing Delays

Posted at 23:36h in Freight Forwarders, Freight Forwarding, Panama Canal, Shipping, Shipping Containers by susan pop 0 Comments

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As previously notified, low water levels on the critically important Panama Canal have prompted the Central American country to reduce the number of vessels that pass through the key global trade route. Each day an average of 32 ships is allowed to pass through, which...

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...

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...