Transolve Global | Global Trade

18 Mar Red Sea Disruptions Slated To Continue Indefinitely

Posted at 19:42h in Freight Forwarding, Global Trade, Logistics, Port Disruptions, Red Sea, Shipping by susan pop 0 Comments

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As general cargo ship Rubymar officially became the Red Sea's first vessel casualty and Houthi attacks continue, there appears to be no end in sight for the current Red Sea situation. Drewry data shows that container ship transits across the Suez Canal were down 64% from...

27 Feb Interrupted Supply Chains and Increased Prices

Posted at 12:38h in Fees and Charges, Freight Forwarders, Freight Forwarding, Freight Rates, Global Trade, Red Sea, Shipping, Supply Chain, Update, Vessel Schedules by susan pop 0 Comments

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Due to ongoing disruptions due to issues such as the Suez Canal and geopolitical tensions, shipping liners are imposing surcharges and higher freight rates, which are having a disproportionately large cost impact on small volume shippers. Since major operators began rerouting via Africa's Cape of Good...

27 Feb Ruakura Port Welcomes First Trains

Posted at 12:36h in Global Trade, New Zealand by susan pop 0 Comments

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Ruakura Inland Port has welcomed its first goods train, signalling the transformation of freight movement across New Zealand’s Upper North Island. This new $60 million, nine-hectare customs-controlled cargo facility marks an exciting new opportunity for importers and exporters, saves up to 30% freight cost for cargo...

27 Feb New Zealand Dairy Exports Celebrate CPTPP Win Over Canada

Posted at 12:34h in Global Trade, New Zealand by susan pop 0 Comments

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A recent legal ruling has seen the Dairy Companies Association of New Zealand's (DCANZ) claim that Canada has failed to implement its dairy market commitments under the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) validated. The panel of international trade law experts upheld NZ's claims...

27 Feb Panama Canal Update

Posted at 12:28h in Global Trade, Ocean Freight, Panama Canal by susan pop 0 Comments

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As a result of rains over the last quarter, the Panama Canal has revised its daily allowance to 24 vessels per day. At this point in time, the authorities of Panama Canal see no need for further vessel restrictions until at least April, when they...

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...

27 Feb VICT Terminal Closure Notice

Posted at 12:25h in Australia, Australian Ports, Blockade, Global Trade, Port Disruptions, VICT by susan pop 0 Comments

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As at the time of publication, the Victoria International Container Terminal (VICT) was forced to close on Wednesday 21st February with all bookings cancelled through to 9am Thursday 23rd February, resulting in a more challenging situation with regards to obtaining timeslots for imports, exports and...

15 Feb Turbulent Times Result in Rising Rates

Posted at 10:57h in Baltic Freight Rates, Fees and Charges, Freight Forwarders, Freight Rates, Global Trade, Logistics, Ocean Freight, Panama Canal, Port Disruptions, Red Sea, Shipping, Suez Canal Toll Increase, Tariffs, Update by susan pop 0 Comments

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With a swirling vortex of compounding factors from the Suez and Panama Canal and peak-season surcharges, to the Houthi of the Red Sea through to the general rate increases, there is no doubt that businesses across the globe are being hit with a whirlwind of...

15 Feb Australia-United Arab Emirates Free Trade Agreement

Posted at 10:54h in Australia, Australian Exports, Free Trade Agreement, Global Trade by susan pop 0 Comments

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The Australian Government will undertake trade agreement negotiations with the United Arab Emirates (UAE) in order to achieve a Comprehensive Economic Partnership Agreement that will drive imports, support economic growth and increase jobs stimulus across the country. As Australia's largest trade and investment partner in the...

15 Feb China Lifts Lockdown on Australian Abattoirs

Posted at 10:50h in Australian Exports, China, Department of Agriculture, Global Trade by susan pop 0 Comments

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China has lifted suspensions on three Australian meat export establishments with eight yet to be lifted. The conclusion of these initial suspensions is another positive step towards the stabilisation of the trade relationship between China and Australia. With renewed optimism regarding the removal of all the...