Transolve Global | Global Trade

05 Jun World Container Index Update

Posted at 02:44h in Freight Forwarders, Global Trade, Logistics, Ports, 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 fall of 20% to US$1685.32 per 40-foot container this week, representing a drop of 78% when compared with the same week in 2022. The WCI is now 84% below the peak of US$10,377,...

05 Jun New Zealand / UK Free Trade Agreement

Posted at 02:37h in Free Trade Agreement, Global Trade, New Zealand Ports, Trade Agreement, UK by susan pop 0 Comments

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The NZ/UK Free Trade Agreement, which was made official on 31 May 2023, will see the tariffs removed from the majority of NZ exports, including wine and agricultural products such as honey, onion and kiwifruit. This agreement is predicted to increase NZ exports to the UK...

20 May Slow Import Growth Expected

Posted at 02:32h in Global Trade, USA by susan pop 0 Comments

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Monthly US imports continue to decrease by double-digit percentages to pre-pandemic levels. With import volumes anticipated to return to more seasonal ordering patterns, overall US imports are expected to remain below the year-ago comparison. The official import number for February of 1.55 million TEU was just...

20 May World Container Index Increases

Posted at 02:30h in Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Ocean Freight, Shipping Containers, Supply Chain, World Container Index by susan pop 0 Comments

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Whilst the latest Drewry World Container Index increased by 1% last week, it has dropped 77% compared with the same week last year. The latest Drewry WCI composite index of $1,763 per 40-foot container is now 83% below the peak of $10,377 in September 2021. The latest...

20 May Global Schedule Reliability Improving

Posted at 02:22h in Freight Forwarders, Global Trade, Logistics, Shipping, Supply Chain by susan pop 0 Comments

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According to shipping analyst, Sea-Intelligence, global schedule reliability is demonstrating a vast improvement. In the most recent performance report, statistics show an improvement increase of 7.7% per month, reaching a reliability of 60.2%. Global reliability was 26% higher in February 2023 than in February 2022. In...

05 Apr Disruptions Are Modus Operandi For The Supply Chain Landscape

Posted at 02:13h in Freight Forwarders, Freight Forwarding, Global Trade, Supply Chain by susan pop 0 Comments

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There is no doubt that 2023 has seen the logistics and shipping landscape return to what appears to be a state of normality. Freight rates across major trade routes continue to decline to pre-pandemic levels and supply chain bottlenecks have also predominantly been restored to...

05 Apr Historic AUKUS Agreement To Deliver Supply Chain Opportunities

Posted at 02:12h in Australia, Global Trade, Supply Chain, UK by susan pop 0 Comments

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In a tripartite deal with the US and UK, Australia has announced a plan to acquire a fleet of up to eight nuclear-powered submarines, which is forecast to cost up to $368 billion between now and the mid 2050s. According to the Australian Government, this AUKUS...

05 Apr Southeast Asia: A Growing Market For Wine Exports

Posted at 02:08h in Australia, Global Trade, Wine Industry by susan pop 0 Comments

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In 2022, Australian wine exports to Southeast Asia grew by 16 per cent in value to $305 million and 56 per cent in volume to 27 million litres. Consisting of a diverse group of markets and home to more than 686 million people, the nations of...

05 Apr AUS-UK Free Trade Agreement Closer To Fruition

Posted at 02:05h in Australia, Business, Free Trade Agreement, Global Trade, UK by susan pop 0 Comments

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The Australia - United Kingdom Free Trade Agreement is a step closer to the announcement of a commencement date, after the enabling legislation in the UK received Royal Assent. This historic agreement is the UK's first new trade deal signed since Brexit and will remove tariffs...

05 Apr Rural Sector Sentiment Falls Amidst Market Concerns

Posted at 02:04h in Australia, Freight Forwarders, Global Trade, Shipping by susan pop 0 Comments

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Market sentiment from rural Australian producers has fallen to its lowest level since late 2018 as producers continue to navigate a range of economic and financial uncertainties, with commodity prices, interest rates and re-emergence of drought topping the list of concerns. According to the latest Rabobank...