The issue of what the Federal Maritime Commission (FMC) may consider in assessing whether a demurrage or detention practice is unjust or unreasonable has seemingly been put to rest with FMC having the final word..
On the 28th of April 2020, the FMC issued its final rule on its interpretation of the Shipping Act prohibition against failing to establish, observe, and enforce just and reasonable regulations and practices relating to or connected with receiving, handling, storing, or delivering property with respect to demurrage and detention..
South Africa has been on lockdown due to the COVID-19 pandemic since the 27th of March 2020 and as of date, South Africa has 4220 confirmed cases of COVID-19 with 79 deaths..
Below is the gist of President Cyril Ramaphosa’s address to the nation on the 23rd of April 2020 and details relevant to the risk-adjusted strategy for the resumption of economic activity in the country..
What started out as an effort to optimise on economy and efficiency with an environmental touch in 2013 with the introduction of the Triple E series ships soon became kind of a mine-is-bigger-than-yours showboating..
Between 2013 and 2019 there were 8 “largest container vessel in the world” title holders operated by some of the world’s largest container shipping lines..
The increase in TEU capacity in the last 6 years within this ULCV class is around 5,964 TEUs which is the size of a regular container vessel still operating in many of the world’s trades now..
On the 23rd of April 2020, HMM became the latest entrant to this size race when they held a naming ceremony for their first 24,000 TEU containership – the latest largest container ship on earth – the ‘HMM Algeciras’..
Freight forwarders are an integral part of the supply chain and global maritime trade..
A freight forwarder serves as a conduit for global trade between importers, exporters, BCOs (Beneficial Cargo Owners) and the transportation and regulatory entities such as shipping lines, customs, port etc..
The moment a freight forwarder signs/accepts a contract with the customer, they are exposed to several unique risks and liabilities..
This article discusses the risks and liabilities of a freight forwarder..
Global Supply Chains are very important in linking various countries to international markets facilitating global trade.. Modern day supply chains come with great opportunities but also pose some challenges which can test some of the best built and run supply chains..
One such challenge that is testing the world currently is the COVID-19 pandemic which came into limelight in December 2019.. This pandemic which has spread to every country around the world has caused/is causing major economic and social disruptions with far reaching impacts on global supply chains..
To understand the impact of this pandemic on the supply chain, we conducted a survey to measure the effect and impact of the coronavirus pandemic on global supply chains.. It collected and analyzed data on three key aspects – Impact, Preparedness, and Recovery..
COVID-19, has changed the way this world works and is expected to continue to influence the movement of global economies, human resources, the medical field and supply chain for the foreseeable future..
As at the time of writing of this article, the global number of infected people was around 2.38+ million with 164,000+ dead which is around 6.88% of the total infected..
Several ports around the world were/are either closed or working under limited conditions with several restrictions imposed on normal port activities.. Global trade has been severely impacted and is undergoing strain as never before..
Our industry plays a highly highly pivotal role in ensuring that the flow of goods continues, especially the flow of critical and essential goods all around the world..
Its good to see that some of the shipping lines have come up with some creative cost saving options for COVID-19..
Further to the various updates we have been posting here about the COVID-19 lockdown situation in South Africa and the various regulatory changes thereof, SARS has published an update from their side on the measures relating to COVID-19 and the Impact on Customs of new Government regulations..
This update replaces the Customs Practice Note and its Explanatory Note issued on 06 and 07 April 2020 respectively..