Forwarding software provider WiseTech Global has waded into the fragmented electronic bill of lading space with the purchase of Bolero, an early provider of trade finance and electronic documentation tools.
The decision to halt further strikes, at least for a month, came after Australia’s competition watchdog highlighted how labor issues have added to supply chain disruption, exacerbating congestion and delays.
Australian dockworkers are threatening to unleash a wave of strikes and work bans a Patrick Terminals, even as the ports struggle to keep facilities staffed amid COVID-19 infections.
Carrier association Shipping Australia believes the container shipping market will return to normal only when the effect of the COVID-19 shock on supply chains works its way through the system.
Reduced harvesting in Asia has created additional demand for agricultural goods from the US and Australia, but a shortage of intra-Asia feeder ships is preventing exporters from taking full advantage.
As desperate shippers search for cargo solutions and sop up breakbulk capacity, the new MPV/HL sentiment index reveals strong short-term confidence but longer-term wariness in the breakbulk sector.
The Patrick rail terminal is the main gateway for Australia’s containerized agricultural exports, including grains and meat from inland farms on the east coast.
Demand for commodities that feed the green energy transition is expected to spike this decade, and that will have an impact on project logistics associated with mining and transporting those materials.
The ripple effects of COVID-19 and plant-closing costs trigger a quarterly loss for wind turbine manufacturer Siemens Gamesa, but its work backlog provides a bright spot.
Project cargo shipper Fluor added a refinery project to its work backlog, but lost a chemicals project during a choppy first quarter as COVID-19-driven delays took a toll.