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...
There's been substantial commentary around the lack of a perceived peak season in 2023 however given the rapidly changing situation across the ocean's trade routes, how accurate does this claim continue to be? Whilst traditionally the premise of a peak season is based on the volume...
Since 1 June 2023, Victoria International Container Terminal (VICT) at Webb Dock, Melbourne has been applying a VGM Weight Discrepancy Fee for full import and export containers determined to have a variance over or under one tonne from the container's Verified Gross Mass (VGM) declared...
The latest update of Drewry’s composite World Container Index (WCI) has seen a weekly decrease by 2.7% to reach $1494.46 per 40-foot container whilst the composite index has dropped by 78.9% when compared to the same week last year. The index is now 86% below the...
Severe drought conditions affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected this summer. The Panama Canal Authority (ACP) has stated it will progressively decrease the...
Whilst all ports along the coastline of Gujarat halted operations as a precautionary measure against Cyclone Biparjoy, all ports have now reopened and are operating under normal conditions including: Sikka, Mundra, GPPL Pipavav, Kandla, Navlakhi, Dahej and Hazira. FOLLOW US FOR THE LATEST NEWS! Simply click here...
According the latest Ciatti market report Australian wine exporters are cautiously optimistic of a resumption of trade with China. This renewed outlook is based on the fact that China and Australia recommenced trading timber in May, an agreement, which is worth $600 million, therefore increasing...
The month of June has seen Blockade activists obstruct access and disrupt operations across the ports of Brisbane, Melbourne and Newcastle. According to media reports these demonstrations occurred on the one-year anniversary of a raid on a rural location in NSW where Blockade Australia protestors...
The International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) have reached a tentative agreement which sees longshore workers on the US West Coast secure a 32% salary increase over the life of a tentative six-year contract. This agreement signifies the conclusion of 13...
The container shipping industry and wider business landscape in Western Canada is bracing for the possibility of an extended strike across ports after the industrial action, which commenced on Saturday morning, continues, as an agreement remains elusive. The International Longshore and Warehouse Union (ILWU) representing over...