Global Shipping Hit by Surge in Blank Sailings

Global Shipping Hit by Surge in Blank Sailings

The global container shipping market started the year with a slowdown, with a 16% voyage cancellation rate and downward pressure on freight rates. Drewry analysis points to weak demand as the primary driver, and shipping companies are actively adjusting capacity. Shippers should focus on Suez Canal transit clarity, service reliability, and flexible planning. The dry bulk market shows regional variations, with Chile-Far East concentrate freight rates higher than those from Peru. Increased market complexity requires vigilance and timely strategy adjustments.

02/06/2026 Logistics
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Bhutan Boosts Trade Efficiency with WCO Tariff Support

Bhutan Boosts Trade Efficiency with WCO Tariff Support

The WCO is assisting Bhutan in developing its advance ruling system and optimizing tariff classification, enhancing customs capacity, facilitating trade, increasing revenue, and improving the business environment. This initiative focuses on modernizing customs procedures and providing traders with certainty regarding tariff treatment before import or export. By implementing a robust advance ruling system, Bhutan aims to streamline trade processes, reduce disputes, and attract foreign investment. The project contributes to the overall modernization of Bhutanese customs and its alignment with international best practices.

02/06/2026 Customs Knowledge
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WCO Backs Cambodias Customs Modernization Reforms

WCO Backs Cambodias Customs Modernization Reforms

At the request of the General Department of Customs and Excise of Cambodia (GDCE), the World Customs Organization (WCO) conducted an assistance mission to assess the implementation gaps of the WTO Trade Facilitation Agreement (TFA) and help develop a five-year strategic plan. This initiative aims to promote customs modernization in Cambodia, enhance trade facilitation, and inject new impetus into economic development. The WCO will continue to support Cambodia's customs capacity building and strengthen international cooperation to jointly address global trade challenges.

02/06/2026 Customs Knowledge
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West and Central Africa Customs Modernize HR at Ouagadougou Meeting

West and Central Africa Customs Modernize HR at Ouagadougou Meeting

The 9th Conference of Heads of Human Resources Management and Training of Customs in West and Central Africa convened in Ouagadougou, focusing on the theme of "Investing in Human Capital." The conference aimed to promote the modernization of customs human resources management in the region. The meeting adopted the "Ouagadougou Declaration," emphasizing the responsibilities of all parties and promoting regional cooperation and capacity building. This initiative lays the foundation for enhancing the effectiveness of customs in West and Central Africa.

02/06/2026 Customs Knowledge
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Lesotho Revenue Authority Upgrades HCM for Talent Management

Lesotho Revenue Authority Upgrades HCM for Talent Management

With the support of the World Customs Organization, the Lesotho Revenue Authority implemented a competency-based human resource management system. This initiative aims to enhance the efficiency of the organization and improve tax collection. The system focuses on developing the skills and knowledge of employees to ensure they are equipped to meet the demands of their roles. By investing in talent development and capacity building, the Lesotho Revenue Authority seeks to strengthen its operations and contribute to the country's economic growth.

02/06/2026 Customs Knowledge
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Madagascar Customs Streamlines Trade with New Classification System

Madagascar Customs Streamlines Trade with New Classification System

With the support of the World Customs Organization (WCO) and the Global Alliance for Trade Facilitation (GATF), Madagascar Customs has enhanced the commodity classification skills of its officers through capacity-building training. This lays the foundation for building a modern advance ruling mechanism. This initiative aims to optimize the business environment, promote trade facilitation, and help Madagascar integrate into the global trading system. The improved classification expertise contributes to efficient customs procedures and supports Madagascar's economic growth by streamlining international trade.

02/06/2026 Customs Knowledge
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HMM Sale 68B Deal to Transform Global Shipping Industry

HMM Sale 68B Deal to Transform Global Shipping Industry

HMM, the world's eighth-largest liner company, is up for sale again with an estimated value of $6.8 billion, drawing global attention to the shipping industry. The South Korean government's push to exit state-owned assets is the primary driver. HMM's substantial capacity, diversified business portfolio, and core competitiveness have attracted interest from multiple companies. This acquisition will profoundly impact the global shipping landscape, presenting both opportunities and challenges for shippers and freight forwarders. The final outcome remains to be seen.

01/15/2026 Logistics Industry Insights
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Amazon Sellers Optimize Inventory to Boost IPI Scores

Amazon Sellers Optimize Inventory to Boost IPI Scores

Amazon's FBA inventory restrictions are becoming increasingly stringent, making the IPI score crucial. This article delves into the impact of IPI on storage capacity and provides three core strategies: improving the IPI score, building a dynamic replenishment model, and coordinating clearance and allocation. It also answers frequently asked questions to help sellers optimize inventory management and succeed in the Amazon marketplace. By focusing on these key areas, sellers can navigate the challenges of FBA inventory limitations and maintain healthy stock levels.

01/15/2026 Warehousing
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Chinas Solar Exports Boom Amid Global Energy Shift

Chinas Solar Exports Boom Amid Global Energy Shift

China's photovoltaic (PV) exports have surged, with orders exceeding hundreds of millions, and emerging markets are presenting new opportunities. Companies are accelerating their globalization strategies, shifting from exporting products to exporting production capacity, tapping into the new blue ocean of global energy transition. Innovative applications such as PV + energy storage are constantly emerging, helping Chinese PV companies consolidate their international competitive advantages. The rapid growth signifies China's leading role in the global renewable energy landscape and its commitment to driving sustainable development worldwide.

01/15/2026 Logistics Industry Insights
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WCO Enhances PICARD Standards to Strengthen Global Customs Operations

WCO Enhances PICARD Standards to Strengthen Global Customs Operations

The World Customs Organization (WCO) is upgrading the PICARD Professional Standards (PS) to adapt to the evolving global trade landscape. The updated standards will encompass key areas such as public-private sector cooperation, customs and tax function integration, and coordinated border management. It will also address emerging trends, security, trade facilitation, technological advancements, and project management. The WCO invites stakeholders to participate in capacity building initiatives to jointly promote global customs development. This collaborative effort aims to enhance customs efficiency and effectiveness worldwide.

01/07/2026 Customs Knowledge
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