NVOCC is one of the terms you would have heard quite often in day to day business particularly if you are in the US or Chinese markets.

German ocean carrier Hapag-Lloyd has announced new ocean tariff rates from Turkiye and Bangladesh, which will be effective from 1 November.  

Bustling seaports around the world handle a staggering 92% of goods traded in the world. Several thousands of intermodal containers pass through such marine logistics hubs as they are transported from one location to another.

Fire broke out in the engine room of one of Orient Overseas Container Lines’ (OOCL's) ships while it was underway in Japan on 1 October.

Container transportation is now the most popular way of cargo movement and a critical pillar of the global economy, but back in the 1950s, it was just a thought.

The modern-day shipping container is undoubtedly one of the most useful inventions of our time. From the days of hand-loading and unloading cargo boxes and items of different sizes and shapes, we have come a long way. From ordinary corrugated steel containers of the 1950s – 70s, today, we use containers made of high-quality Corten steel.

A common challenge faced by container Carriers relates to the handling and movement of empty containers.

Maersk is attempting to undo weeks of heavy discounting on the Asia-North Europe tradelane with a substantial increase in its FAK rates at the end of the month.  

The e-CO was first introduced in Vietnam in 2018. Specifically, the e-CO system has been deployed on the platform of the Customs Department under the Ministry of Finance. This represents a significant step in promoting the use of digital technology and reducing paper-based procedures in the process of verifying the origin of goods.

The word logistics is usually linked to the supply chain of a commercial business. It involves commercial goods, their transportation, warehousing, and redistribution. The logistics of relief goods, rescue equipment, relief infrastructure, aid workers, and victims in case of a disaster are referred to as humanitarian logistics.  

The seas and oceans are divided into distinct maritime zones, each with its own legal framework and implications. International waters, also known as the high seas, play a crucial role in international law, navigation, and resource extraction.

Ever since the start of Covid, there has been a lot of focus in the shipping industry and amongst exporters on the relative developments in spot rates and contract rates.