Transolve Global | Global Trade

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...

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 Australia-European Union (EU) Trade Will Not Proceed

Posted at 01:00h in Australia, Australian Exports, European Union, Free Trade Agreement, Global Trade by susan pop 0 Comments

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The proposed trade agreement between Australia and the European Union will not proceed after negotiations failed to achieve the desired outcome. Whilst discussions have been underway since 2018, the proposed trade deal was believed to have disadvantaged Australian farmers, as it did not let enough of...

07 Dec Ample Expansion Opportunities Across South-East Asia

Posted at 00:10h in Australia, Australian Exports, Global Trade by susan pop 0 Comments

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The Australian Government recently launched its trade strategy for South-East Asia. This strategy highlights both the fact that Australia’s current trade and investment in this region is underdone and that there are significant prospects for Australian businesses to expand in these markets. The current level of...

07 Dec Argentina Foreign Trade Update

Posted at 00:04h in Argentina, Global Trade by susan pop 0 Comments

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With increasing restrictions due to a lack of dollars in Argentina's Central Bank Reserve, the Government had initiated implementation of SIRASE (Com A7771), which is a specific authorisation for the payments of services abroad for foreign trade services such as freight, storage and other services. However,...

06 Dec Fireside Chat: Key Trends Impacting Global Logistics

Posted at 23:57h in Event, Global Trade, Logistics by susan pop 0 Comments

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Join Rachael Budd for this one-hour Fireside Chat with Transolve Global to explore the current logistics trends and challenges faced by businesses across the globe. Key trends impacting global logistics: How to prepare and optimise your supply chain for the peak season ahead. When: Wednesday 13...

06 Dec Global Air Cargo Recovery Remains To Be Seen Amongst Challenging Economic Conditions

Posted at 23:46h in Air Freight, Global Trade by susan pop 0 Comments

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According to the International Air Transport Association (IATA) June saw the smallest year on year contraction in global air cargo markets since February 2022, with a 3.4% decrease in global demand compared to the same time last year. As at June 2023, demand has decreased 8.1%...