ICC Incoterms: The mightiness of three capital letters
Who would have guessed that a collection of three-letter acronyms would have had such an impact on the development of international (and domestic) commercial transactions? We can thank a group of industrialists, financiers and traders whose determination to bring economic prosperity to a post-World War I era eventually led to the founding of the International […]
India seeks to unlock trade potential with Central Asian through Chabahar Port: Shipping Minister
India seeks to unlock trade potential with Central Asian through Chabahar Port: Shipping Minister India seeks to unlock trade potential with Central Asian through Chabahar Port: Shipping Minister India is working towards unlocking trade potential with Central Asia through the Chabahar Port in Iran according to Shipping Minister Sarbananda Sonowal. He was interacting with a […]
Jebel Ali Port (Dubai)
Jebel Ali Port (Dubai) Jebel Ali Port is a gateway hub that enables trade across the region and beyond. It is a vital link in the global trade network, connecting eastern and western markets with North Africa, the Middle East, and South Asia. As DP World’s flagship, it is the largest seaport in the Middle […]
What To Know About Europe’s Record-Breaking Heatwave
Maersk Launches Inland Container Service Between India and Bangladesh
Maersk Launches Inland Container Service Between India and Bangladesh It might be Maersk’s smallest container ship, but the new inland service represents a unique solution to ensuring the movement of containers. Maersk says the service will provide a faster, more reliable inland waterways solution to move containers between India and neighboring Bangladesh. The new service […]
Ships that ‘scrub’ emissions earn twice as much as those that don’t
Some businesses fight new environmental regulations tooth and nail. Others figure out how to make money off them. Take the IMO 2020 regulation that slashed sulfur content of shipping emissions. Many shipowners have transformed this landmark global emissions regime into a huge competitive advantage. Since the regulation’s enforcement date on Jan. 1, 2020, ships have […]
Downward pressure on rates: demand or supply driven?
Downward pressure on rates: demand or supply driven? Given the recent decline in spot rates (below what could be explained by normal seasonality), maritime data analysis company Sea-Intelligence sought to answer a very relevant question: the downward pressure of spot rates is caused by supply or demand? As demand data is notoriously time-lagged, the company used […]
Boeing, Airbus raise 20-year outlook for air cargo on express growth
Boeing, Airbus raise 20-year outlook for air cargo on express growth Continued growth in demand for shipping goods by air will translate into a global freighter fleet in 2041 that is 80% larger than today, Boeing said over the weekend in a market outlook slightly more bullish on air cargo than a year ago and […]
The 101 of Dangerous Goods
The 101 of Dangerous Goods Industrial societies depend on dangerous goods – and on their carriage. When transporting dangerous goods, the top priority is to protect people’s health and the environment and avert threats to public safety. For this reason, there are international regulations for the secure transport of such goods. We introduce the most […]
150% jump in long-term container freight rates
150% jump in long-term container freight rates Long term ocean box rates were up 150% on-year in May 2022, after a record monthly jump in prices. ccording to Xeneta’s Shipping Index (XSI), long term contracted ocean freight rates jumped by 30.1% in May, the highest ever monthly increase. Price hikes in 2022 have reached 55%, […]
