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...
This past week has seen the official re-opening of the Port of Baltimore. With $37 million in state-approved relief for business and workers impacted, thousands of jobs have been protected whilst more than 50,000 tonnes of bridge wreckage was cleared from the water. As cargo begins to...
With stalled industrial negotiations between Canadian National Railway (CN) and Canadian Pacific Kansas (CPKC) and the Teamsters Canada Rail Conference (TCRC) and ongoing delays of both strike action and government intervention, this ongoing uncertainty has pervaded both the negotiations and reliability of the rail logistics...
April marked the eight consecutive month of year-over-year growth at the USA's second busiest seaport, the Port of Long Beach with over 750,000 TEUs moved throughout the month. The first four months of 2024 has seen the port move 2,753,244 TEUs, up 15.8% from the same...
As part of his election campaign, U.S. President Joe Biden has announced steep tariff increases to a wide array of Chinese imports, which has seen China state their opposition and intention to defend its own interests. These new tariffs affect $18 billion in imported Chinese goods...
The latest Drewry World Container Index (WCI) increased by 2% to US$4801 per 40-foot container this week, which is 238% higher than average 2019 (pre-pandemic) rates of US$1420. The average composite index for the year to date is US$3443 per 40-foot container, which is $707 higher...