The most obvious and visible trend that has been gaining ground since the third quarter of last year was the decline in ocean freight rates. This article will discuss major trends defining supply chains and shipping.
After covering the advantages and disadvantages of mega vessels for Container Carriers/ Shipping Companies, we will explore how these behemoths’ deployment affects Port and Terminal operators (another major stakeholder in the transport process).Â
As the name suggests, a one-trip or single-use shipping container is a new container that has been used only once for carrying cargo. After completing the single trip, it is sold to another buyer.
Ship Classification Societies set the technical and operational standards for different kinds of ships, carriers and offshore structures concerning their design, construction, surveying and testing, after which the vessels are given a class certificate. Described in this article are the Top 10 Classification Societies.
The acronym ATA stands for ‘temporary admission’ or ‘admission temporaire’ in French. It is an international agreement between customs authorities of certain countries that allows for the movement of goods between these countries without having to pay customs duty or having to move the goods through a bond.
Energy Efficiency Design Index or EEDI was formulated by IMO as an amendment to its crucial guidelines MARPOL ANNEX VI at the 62nd Marine Environmental Protection Committee meeting in 2011 and enforced from January 2013 onward.
Holland Container Innovations (HCI), a company based out of The Netherlands, introduced the concept of foldable containers in 2008. Are foldable containers a viable option compared to rigid ones. Let’s find out!
Imports and exports are monitored by laws enforced by a country’s Customs department, following government policies. Different countries have organizations that formulate guidelines and rules for imports and exports. Let us understand the customs clearance process in this article.
While at sea, Seafarers are vulnerable to natural calamities, maritime security threats, such as piracy or armed robbery against ships, wars, and conflicts. This article reviews the existing labour rights of seafarers when faced with these situations.
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