2 Major Factors to Affect Freight Rates in 2020
Freight rates in the international shipping industry are always volatile, especially for small to medium shippers who play the spot market for their import and export pricing. There are many [...]
Freight rates in the international shipping industry are always volatile, especially for small to medium shippers who play the spot market for their import and export pricing. There are many [...]
IMO 2020 went into effect on January 1st, requiring sea vessels, including container ships, to abide by a 0.5% sulfur cap on fuel or use scrubbers (systems that clean fuel in engines) in order to [...]
This is a guest post by Mary Walton Marijuana products have long been used for medical treatments. But marijuana is not legal in all countries, whereas some states made it legal. Because of [...]
This is a guest post by David Fan. Background Chinese New Year, also known as Spring Festival or Lunar New Year, is the grandest festival in China with a statutory 7-day long holiday. [...]
This is a guest post by Jeremy Raynolds. In December 2018, we reached a new record level of carbon dioxide emissions. The global CO2 emissions for 2019 are still not in, but one thing is [...]
Before 2020 hits, let's take a look back at 2019. What happened in international shipping this year didn't happen in a bubble. Just like events of years past affected this year, the things [...]
As 2019 draws to a close, a ton of things are happening in international shipping. You would think with the last three blogs getting into IMO 2020, Incoterm changes with Incoterms 2020, and the [...]
We're less than a month away from New Year's Day when some big rule changes are to be implemented on the international shipping industry: Incoterms 2020 and IMO 2020 go into effect on January [...]
In March of 2015, I wrote a Universal Cargo blog post about how the International Longshore and Warehouse Union (ILWU) should pay damages for what the union did at the Port of Portland. Today's [...]
The outlook on shipping through the Arctic is changing. And I'm not just talking about the changes in climate making shipping through the North Pole possible. Ocean freight carriers are coming [...]
Ocean carriers' biggest answer to meeting the International Maritime Organization’s (IMO) upcoming 0.5% sulfur cap on fuel (IMO 2020) might not be the answer after all. Or better stated, it might [...]
Normally, freight rates increase this time of year during international shipping's peak season when shippers are importing more goods than usual to stock up for the big holiday shopping season. [...]
This is a guest post by Cory Levins. Supply chains are complex, and they can provide opportunities for businesses to obtain competitive advantages. Improving efficiency and effectiveness [...]
The Federal Maritime Commission (FMC) announced in a press release on Friday (September 6th, 2019) that it would "address detention and demurrage charge issues" by adopting a set of [...]
This is a guest post by David Fan. Get a perspective from a freight forwarder on what digitalization means for the future of the companies shippers import and export their goods through by [...]
This is a guest post by Ummul Fidha. Risk Management Picture — Nick Youngson CC BY-SA 3.0 Alpha Stock Images Businesses involved in international trade have to deal not just with risks [...]
This is a guest post by Cory Levins. A marathon runner might run a great race, but if they fall behind in the final lap, competitors can often overtake them. For companies who are determined [...]
There's good news for U.S. retailers and shippers who import from China, and probably U.S. consumers too, as they prepare for the 2019 holiday season. Many, many items from list 4 of the Section [...]