Transolve Global

26 Jul Panama Canal introduces new restrictions in wake of worsening drought

Posted at 20:25h in Australia, Environment, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Panama Canal, Ports, Shipping, Shipping Containers by susan pop 0 Comments

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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...

05 Jun Disruption Along U.S. West Coast Sees Calls For Government Intervention

Posted at 02:46h in Industrial Action, Port Disruptions, Ports, USA by susan pop 0 Comments

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Continued unofficial disputes over wages, safety, automation and other factors have resulted in continual disruptions, including terminal closures, along the ports of Los Angeles and Long Beach. Elsewhere along the coast, operations appeared to be back to normal, with the port of Oakland stating that the...

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,...

20 May Western Australian Ports Receive $136 Million Funding

Posted at 02:28h in Australia, Ports by susan pop 0 Comments

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The 2023 WA state budget has allocated $136 million to projects that will increase the capacity of ports and diversify exports across the state. This funding aims to expand the Geraldton Fishing Boat Harbour, support the Geraldton Port Maximisation Project and upgrade roads and berth facilities...

20 May Disruptions Across New Zealand Port

Posted at 02:27h in New Zealand Ports, Port Disruptions, Ports by susan pop 0 Comments

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The NZ government announced a state of emergency on the 9th of May as inclement weather caused substantial damage and road closures across the region. This heavy rainfall and flooding has disrupted shipping schedules at the port of Auckland over this last week. As of 10...

20 May Cairns Marine Precinct To Undergo $39 Million Upgrade

Posted at 02:25h in Australia, Ports by susan pop 0 Comments

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The Queensland government has announced a $39 million upgrade to the shipyard facilities and infrastructure at the Cairns Marine Precinct. This project, which consists of the upgrade of waterfront facilities, a road upgrade, bridge, two wharves and a common user facility, will enhance capabilities and opportunities...

05 Apr Maersk Cancels New Zealand Coastal Service

Posted at 02:09h in Freight Forwarders, New Zealand Ports, Ports, Shipping by susan pop 0 Comments

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After less than a year of operation, MAERSK has announced that it will phase out its New Zealand Coastal Connect service. This will be completed over the month of April 2023. Whilst the New Zealand Coastal Connect service will be phased out Maersk has announced that...

10 Feb Port Of Newcastle To Be Valued

Posted at 01:54h in Australia, Logistics, Ports, Shipping, Supply Chain by susan pop 0 Comments

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Representatives for the Port of Newcastle have welcomed the news that IPART has been appointed as the independent valuer under the  Port of Newcastle Extinguishment of Liability Act 2022. This appointment is one of the final steps which will enable the Port of Newcastle to compete...

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...

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...