More shipping lines join the 2020 sulphur cap fuel surcharge bandwagon….

shipping and freight news

Currently the bunker fuels used in all modern commercial ships have a high content of sulphur which is quite harmful to the environment..

The current global limit for sulphur content of ships fuel oil is 3.50% m/m (mass by mass)..

The IMO has been working to reduce harmful impacts of shipping on the environment since the 1960’s and as from 1st of Jan 2020, has implemented regulations that sets the new global limit on the sulphur content at 0.50% m/m..

IMO has advised several methods through which ships can meet lower sulphur emission standards, which obviously comes at a cost.. Read and share your comments on how these new costs may affect you..

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Introduction to Trade Finance

Trade Finance Series - Shipping and Freight Resource

Many businesses rely on lending to finance new ventures, reduce their financial exposure or manage their cash flow..

Trade financiers provide or identify sources of capital for firms seeking to invest in international trade and create structures for them to access it.. But what exactly is Trade Finance and how does it all work..??

This article is part of an introductory series about trade finance, where we look at the advantages of trade finance, the ways trade finance can be structured, and the products underpinning import and export transactions..

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How significant will the freight rail revolution be over sea freight..

Shipping and Freight Resource Opinion

Recently there has been quite a buzz in the air about freight rail and movement of cargo especially from China to Europe and how quickly the cargo is moving..

In this article I am posing the question “How significant will the freight rail revolution be over sea freight“..

Join the discussion and share your views and opinions..

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How to ensure profitability in sea freight shipment..

profitability in sea freight shipment - shipping and freight resource

Profitability in sea freight shipment is not a myth or a unicorn.. It is very possible.. Read how..

It is not a secret that ocean transportation and logistics is currently confronting immense change in terms of new technology, new markets, rising customer expectations, and new business models..

There have been a few articles on this blog about these advances like Blockchain based Bill of Lading, and other technologies that are shaking up the freight industry .. There are many ways the industry could develop to meet existing and new challenges, some of which are evolutionary and others are more revolutionary..

While cargo transportation is generally a complex business, in some cases it could be straightforward as well depending on how you manage it.. It is also a fact that in this high paced business environment it is not easy to follow every market trend and find answers on how to tackle the prevailing challenges easily..

Each customer and each shipment has its own issues, peculiarities, problems and characteristics.. But the main question that several shippers and services providers ask is “How to ensure profitability in sea freight shipment”..

More often than not, exporters, importers, carriers and logistics service providers experience loss due to poor planning, decision making and implementation..

A lot of people get into the industry sometimes without knowing even the basics relating to the business, the specifics relating to the business, the requirements and some of the vital information that can make or break the business.. I have even written a Beginner’s Guide to Importing for those who wanted to get into the importing business but didn’t know how..

Here are 11 steps you can follow to ensure profitability in sea freight shipment..

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The Future of Ocean Freight – Unpacking the Logistics Blockchain Goldrush

With so many new companies launching blockchain-based shipping products, it’s clear that maritime trade will look very different in a few years.. What’s less clear is what that change will look like..

In this article we examine what barriers still exist to widespread blockchain implementation, and what companies are doing to overcome them..

We talk to startups like CargoX and established players like Agility, Maersk, IBM, Evergreen etc. to understand how shipping is changing, and where it’s going..

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Causes of Demurrage and Detention

causes of demurrage and detention

In one my previous articles (which is also the MOST READ article on this site) I explained the Difference between Demurrage and Detention..

After reading this, a few of my readers have asked me to explain the causes of demurrage and detention..

There are several reasons a container(s) can incur demurrage and/or detention or combined demurrage and detention.. Here are some of the major reasons..

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And then there was ONE (Ocean Network Express)..!!!!

Shipping and Freight Resource Opinion

As far as container shipping is concerned, the current decade or the period since Y2K has probably seen the most number of consolidations, mergers, acquisitions and alliances than any other period in container shipping history..

Could ONE (Ocean Network Express) which is the latest, be probably the last one (at least for now) in the string of consolidations, mergers and acquisitions..??

Spare and share your thoughts..

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When does a Bill of Lading become a Contract of Carriage..??

featured image for question

We all know what a bill of lading is and what a contract of carriage is.. But do you know when a bill of lading become a contract of carriage..?? This article examines this question in detail..

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What is a Certificate of Origin..??

Certificate of Origin Shipping and Freight Resource

All of you have heard about a Certificate of Origin..

In this article, I will explain about what is a certificate of origin, why it is required, who issues it etc..

A Trade agreement is a contractual arrangement between countries concerning their trade relationships and how they conduct trade with each other..

Trade agreements may be bilateral or multilateral and could be in the form of Regional Trade Agreements (RTA) between two or more partners or a Preferential Trade Agreement (PTA) under which developed countries grant preferential tariffs to imports from developing countries..

Customs department in the importing country may require a proof of origin in order to determine whether or not the cargo that is imported may be subjected to certain trade measures such as the preferential duty tariff (for stuff that is imported from with the PTA bloc), prohibted goods etc..

Customs in the exporting country may also require this proof of origin in countries where such trade measures are applicable for exports..

As per WCO’s (World Customs Organisation) definition, “proof of origin” means a document or statement (either in paper or electronic format) which serves as a prima facie evidence to support that the goods to which it relates satisfy the origin criteria under applicable rules of origin. It includes a certificate of origin, a self-issued certificate of origin, or a declaration of origin..

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Should we still source from China..??

sourcing from china

Since the time of opening up for global trade circa 1980 to becoming an economic superpower in the 2000s and till now, China has come a long way in terms of global trade..

China’s growth in the last 30 odd years has however been marred by allegations of Chinese exporters or traders being fraudsters and scam artists creating a notoriety for them among global traders..

Even on this blog, there have been a few real-life examples and case studies from readers not happy about the way some Chinese companies/people have conducted business with them..

So has this situation changed or gotten any better..?? Should we still source from China..??

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