Merger of Container Shipping Giants: Future Prospects of COSCO and China Shipping

Merger of Container Shipping Giants: Future Prospects of COSCO and China Shipping

COSCO Shipping and China Shipping are expected to receive merger approval by January, officially forming "China Ocean Shipping Group Co., Ltd." This merger will create the world's fourth-largest container shipping company. The complexity of the merger involves integrating overlapping departments and maintaining employee stability, with a total deal value potentially exceeding $20 billion. This merger will reshape the shipping markets of China and the world.

07/21/2025 Logistics Industry Insights
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WCO Aids Gambia in Strengthening Trade Audit Systems

WCO Aids Gambia in Strengthening Trade Audit Systems

The World Customs Organization (WCO) supports the Gambia Revenue Authority (GRA) in enhancing its Post Clearance Audit (PCA) capabilities through training and diagnostic assessments. This initiative aims to help Gambia build an efficient and compliant trade environment. The project covers PCA principles, risk management, and business cooperation, offering recommendations for improvement. The ultimate goal is to promote trade facilitation and economic development in Gambia.

01/05/2026 Customs Knowledge
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Iran Accelerates HS 2017 Translation to Facilitate Trade

Iran Accelerates HS 2017 Translation to Facilitate Trade

Iran Customs is translating the World Customs Organization's HS 2017 Explanatory Notes into Persian. This initiative aims to reduce trade barriers, improve customs clearance efficiency, and provide clearer commodity classification guidance for Iranian import and export businesses. The first two volumes have been released, and translation of the remaining chapters is underway. This effort will facilitate international trade, enhance Iran's trade participation, and revitalize economic development.

01/05/2026 Customs Knowledge
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WCO Aids Mongolia in Strengthening Customs Risk Management

WCO Aids Mongolia in Strengthening Customs Risk Management

The World Customs Organization (WCO) collaborated with Mongolian Customs to conduct a passenger risk screening workshop in Ulaanbaatar, aiming to enhance Mongolia's risk-based passenger targeting capabilities. The workshop covered risk management frameworks, behavioral analysis, questioning techniques, and the application of WCO risk management tools. It emphasized the strategic importance of risk management in customs modernization and explored future trends in intelligent risk management.

01/05/2026 Customs Knowledge
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Pacific Islands Boost Customs Valuation with Expert Program

Pacific Islands Boost Customs Valuation with Expert Program

The World Customs Organization (WCO) and the Japan International Cooperation Agency (JICA) jointly launched the "Master Trainer Programme" to develop customs valuation experts in Pacific Island Countries. This initiative aims to establish a regional training system, enhance customs valuation capabilities, facilitate trade, increase revenue collection, and improve international competitiveness. The first working group activity has been successfully held, laying a solid foundation for future actions.

01/05/2026 Customs Knowledge
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WCO Study Targets Trade Efficiency Through Customs Broker Reform

WCO Study Targets Trade Efficiency Through Customs Broker Reform

The World Customs Organization (WCO) published the 'Study Report on Customs Brokers' aiming to improve global customs broker standards. The report outlines the role of brokers in international supply chains, provides policy and organizational recommendations, offers a standardized model inventory, and highlights opportunities for cooperation between customs and brokers. Countries are encouraged to draw on the report to optimize broker management and promote trade facilitation.

01/05/2026 Customs Knowledge
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WCO Scholarship Program Enhances Customs Officials Global Skills

WCO Scholarship Program Enhances Customs Officials Global Skills

The World Customs Organization (WCO) Spanish Scholarship Program has been launched to enhance the professional skills and management capabilities of customs officials from Spanish-speaking countries and promote customs reform and modernization. The program offers tailored curriculum, lectures by WCO experts, and field visit opportunities, helping participants broaden their international perspectives and accelerate their career development. This is an unmissable learning and development opportunity for customs professionals.

01/05/2026 Customs Knowledge
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Wapenamanda Airport Vital for Papua New Guineas Highlands

Wapenamanda Airport Vital for Papua New Guineas Highlands

Wapenamanda Airport (WBM/AYWD) is a vital air hub in the highlands of Papua New Guinea, located at coordinates 5°38'35.88"S 143°53'42.02"E. The airport plays a crucial role in healthcare, cargo transport, and tourism, facilitating connectivity and development for the local community. It serves as a key link between the region and the outside world, supporting essential services and economic activities.

01/05/2026 Airport Codes
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Digital ATA Carnets Streamline Global Trade Processes

Digital ATA Carnets Streamline Global Trade Processes

The World Customs Organization (WCO) is actively promoting the digital transformation of ATA Carnets and Customs Transit Carnets to simplify cross-border trade processes, improve efficiency, and reduce costs. Contracting parties are required to complete the transition by the end of 2027 and designate contact points. This digital transformation not only facilitates trade but also strengthens international cooperation, ushering in a new era of global trade.

12/30/2025 Customs Knowledge
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WTO Aid for Trade Review Boosts Global Customs Cooperation

WTO Aid for Trade Review Boosts Global Customs Cooperation

The World Customs Organization (WCO) actively showcases its contribution to enhancing supply chain efficiency and harmonizing border management in the WTO's Aid for Trade Global Review, emphasizing the importance of trade facilitation. Through its tools, projects, and capacity building programs, the WCO consistently supports its members in simplifying customs procedures, strengthening supply chain security, and promoting global trade facilitation, thus contributing to the prosperity of global trade.

12/30/2025 Customs Knowledge
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