The latest Drewry World Container Index (WCI) saw a steep decrease with the index falling by 8% to US$4775 per 40-foot container as at the start of September, which is 54% below the previous pandemic peak of US$10,377 in September 2021. The average composite index for...
The Maritime Union of Australia (MUA) has commenced industrial action across Qube's bulk and general ports across Australia with bans and limitations starting in Melbourne, Port Kembla and Brisbane. The MUA have unveiled a raft of work stoppages and bans with plans to escalate this industrial...
Due to ongoing disruptions due to issues such as the Suez Canal and geopolitical tensions, shipping liners are imposing surcharges and higher freight rates, which are having a disproportionately large cost impact on small volume shippers. Since major operators began rerouting via Africa's Cape of Good...
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...
Whilst the festive season is a time of respite for many, here at Transolve we appreciate that business never stops. That’s why our team will be here for you throughout the upcoming festive season, excluding public holidays, with contact points remaining unchanged. If you have any...
We are excited to announce that our founder and CEO Rachael Budd has been announced as the Winner of the DCN Daily Cargo News Women in Shipping & Maritime Logistics Award for 2022! In addition, Transolve Global achieved Highly Commended status in DCN's Freight Forwarder of...
A shipping container scam in Western Australia has resulted in $375,000 in losses. With containers currently in high demand, scammers have moved quickly to promote numerous fake websites via social media offering containers at low prices. Requesting online payment the victims are sent an invoice for...
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...
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...
The recent passing of the Port of Newcastle (Extinguishment of Liability) Bill 2022 in NSW Parliament, which lifts the cap on container throughput, has brought a Newcastle-based container terminal to fruition. This recent bill aims to undo a 2013 deal that capped the number of containers...