The Department of Agriculture, Fisheries and Forestry has announced the expansion of the highly compliant importer (HCI) scheme which will now include the following commodities: New tyres Aircraft and aircraft parts Used machinery and machinery parts This change impacts all importers, approved arrangement class 19 accredited...
In response to heavy import volumes and potential industrial action across the US East and Gulf Coasts, shipping organisations are set to deploy 28 "extra-loader" vessels to the ports of Los Angeles and Long Beach over the coming peak season. Whilst the looming threat of the...
Businesses across Australia and Indonesia are positioned to benefit from the signing of an Authorised Economic Operator Mutual Recognition Arrangement (AEO MRA) between the two nations which will deliver a simplified customs process. In 2022-23, Indonesia was Australia's 13th largest two-way trading partner by value ($26.2...
The International Longshoremen's Association (ILA) has appointed vice presidents to the 13 committees that form a strike mobilisation plan underpinning the industrial action due to commence on the 1st of October across the East and Gulf coast ports if a new contract isn't achieved by...
Nearly 12 weeks after the devastating collapse of the Francis Scott Key Bridge and blocking the Fort McHenry Federal Channel to all deepsea vessels, the Dali ship has left Baltimore for Norfolk to repair its damaged bow. Whilst the Port of Baltimore has been re-opened, the...
This month saw over 120 industry leaders from nearly 30 nations congregate for the Shaping the Future of Shipping Summit, which primarily focused on the current rise of global protectionism and its adverse impacts on shipping, customers and global trade. With shipping responsible for transporting over...
The strong demand being experienced across Asia's export trade lanes is utilising a large amount of capacity being provided by shipping companies, which is causing tension in the quest to balance three main factors: high market demand, long transit times due to Red Sea diversions...
Ongoing Red Sea diversions, which have created longer shipping distances and times, are resulting in continual freight rate increases that continue unabated across numerous trade routes. The subsequent disruptions, including vessel bunching and port processing delays, are being experienced at both ends of the Asia-Europe trade...
Whilst vessel delays are lessening across key gateways such as Singapore, Ningbo, Qingdao and Klang in North and Southeast Asia, and equipment availability improves in China, it appears the converse is occurring across India. At Singapore there has been a slight improvement in wait times of...
Rachael Budd, CEO of Transolve Global, will be attending the upcoming International Bulk Wine & Spirits Show in San Francisco on 23-24 July at the South San Francisco Conference Center. Reach out and let us know if you'll be there, Rachael would love to see...