Transolve Global | Global Trade

10 Feb Turkey’s Iskenderun Port to Open in 3 Months

Posted at 01:53h in Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Ports by susan pop 0 Comments

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During the recent earthquake, which devastated Turkey, Iskenderun Port was severely damaged. Subsequent to the earthquake, the terminal was also hit by a severe blaze that lasted for three days and destroyed around 3,670 containers. In addition, more than 1,200 buildings have been destroyed in...

15 Jan The Current State of Ocean Freight

Posted at 01:45h in Empty Shipping Containers, Freight Forwarders, Global Trade, Logistics Solutions, Ocean Freight by susan pop 0 Comments

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The tail end of 2022 saw numerous factors such as a decrease in volume and the alleviation of port congestion across major port locations contribute to a reduction in freight rates. As such, according to Freightos data, freight rates  fell across the board in the final...

15 Jan Are Blank Sailings A Sign Of Things To Come?

Posted at 01:43h in Blank Sailings, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Logistics Solutions, Ocean Freight, Shipping, Shipping Containers, Supply Chain by susan pop 0 Comments

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The first seven weeks of 2023 has seen 50+ Asia-Europe westbound sailings cancelled, with the chance that carriers could decide to blank more sailings if demand continues to decrease more than expected. According to Alphaliner, Ocean Alliance members CMA CGM, Cosco, OOCL and Evergreen have voided...

15 Jan Cautious Optimism for Australia-China Wine Exports

Posted at 01:41h in Australia, China, Freight Forwarders, Global Trade, Logistics, Shipping Containers, Supply Chain, Wine Industry by susan pop 0 Comments

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China has agreed to a meeting with Australia's Trade Minister Don Farrell, raising wine exporters' hopes that current trade restrictions may be lifted, allowing for the free flow of Australian wine into the Chinese market. These trade restrictions, put into place in March 2021 amid rising...

12 Dec U.S. Rail Negotiations Yet To Be Finalised

Posted at 20:12h in Freight Forwarders, Global Trade, Logistics, Rail, Supply Chain, Update by susan pop 0 Comments

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Whilst contract negotiations are well underway with eight of the 12 unions reaching approved contracts, four unions representing 60,000 rail workers have voted down the tentative agreement that had been negotiated in September with the participation of a White House appointed mediation panel.  This move exponentially increases...

12 Dec Port Disruptions Create Myriad of Costs for Exporters

Posted at 20:02h in Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Ocean Freight, Port Disruptions, Ports, Shipping, Supply Chain, Update by susan pop 0 Comments

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Protracted labour negotiations, industrial action and workplace shutdowns attributed to the International Longshore and Warehouse Union (ILWU) are causing unease for exporters across Western USA ports. As negotiations continue with few signs of progress, there is increasing concern amongst exporters as they attempt to deal with...

12 Dec Weakening Demand Sees Empty Containers Increase

Posted at 19:50h in Empty Shipping Containers, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Logistics Solutions, Shipping, Shipping Containers by susan pop 0 Comments

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The calmer end of year shipping season has seen empty containers pile up at Chinese ports such as Guangzhou, Yantian and Shekou, marking a complete reversal of the severe equipment shortages experienced during 2021’s pandemic-induced consumer spending boom. Indicative of the slower pace are the lower...

12 Dec Trade Volumes Decline As Market Demand Softens

Posted at 19:48h in Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Logistics Solutions, Shipping, Trade Volume by susan pop 0 Comments

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US imports from Asia have experienced a substantial decline, reaching their lowest level in 20 months in October, as demand in the eastbound trans-Pacific falls from the record highs reached earlier this year. According to data from PIERS, Asian imports in October totalled 1.44 million TEU,...

26 Oct Australian and Indian Business Leaders Work Towards Closer Trade Relationship

Posted at 10:51h in Global Trade, Trade Agreement, Update by susan pop 0 Comments

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Delegates from the Australian Trade and Investment Commission (Austrade) and Australia-India Business Exchange (AIBX) held their first large-scale commercial mission in India since the COVID-19 pandemic began. Representatives from over 100 Australian companies met with Indian business and government stakeholders to explore commercial opportunities across education,...