Driving Forces and Transformation in the New Normal of the Shipping Industry

Driving Forces and Transformation in the New Normal of the Shipping Industry

In the context of the new economic normal, the shipping industry faces uncertainties in recovery. This paper explores the impact of the Belt and Road Initiative on the shipping market, emphasizing that shipping companies must shift their growth models to focus on endogenous drivers. Companies should enhance their management capabilities and resource allocation abilities to adapt to the complex global economic situation. Additionally, the emergence of new forces, such as the internet, offers new opportunities for business development.

07/21/2025 Logistics Industry Insights
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Bolivia Enhances Trade with Swiss WCO Aid Postpandemic

Bolivia Enhances Trade with Swiss WCO Aid Postpandemic

The WCO and Switzerland assessed Bolivia's progress in trade facilitation, discussing improvements to the Authorized Economic Operator (AEO) program and the establishment of a Single Window system. The assessment aimed to promote economic development in Bolivia and globally. Discussions focused on streamlining customs procedures, reducing trade costs, and enhancing efficiency in cross-border trade. The collaboration highlights the importance of international cooperation in supporting Bolivia's efforts to integrate into the global trading system and improve its competitiveness.

01/05/2026 Customs Knowledge
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Somalia Modernizes Customs System to Boost Global Trade

Somalia Modernizes Customs System to Boost Global Trade

Somalia is actively implementing the Harmonized System (HS) to integrate into the global trading system. International organizations, such as the EU and the World Customs Organization (WCO), are providing support to modernize Somali Customs. Despite challenges, the implementation of the HS will facilitate trade, attract investment, and promote economic development in Somalia. This initiative is crucial for streamlining customs procedures and aligning Somalia with international standards, ultimately contributing to its economic growth and integration into the global marketplace.

01/05/2026 Customs Knowledge
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ADB and WTO Partner to Enhance Global Trade Facilitation

ADB and WTO Partner to Enhance Global Trade Facilitation

The President of the Asian Development Bank (ADB) visited the World Customs Organization (WCO) headquarters, engaging in in-depth discussions on the global economic situation, Sustainable Development Goals, international technical issues, regional integration, and the current trade environment. Both parties pledged to deepen cooperation to jointly address global trade challenges and promote trade facilitation. The discussions highlighted the importance of collaboration between the ADB and WCO in navigating the evolving global trade landscape and fostering sustainable economic growth.

01/05/2026 Customs Knowledge
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Chinarussia Energy Trade Reshapes Global Economy

Chinarussia Energy Trade Reshapes Global Economy

China-Russia trade is growing at an astounding rate, projected to reach nearly $170 billion by the end of this year. Key drivers include energy cooperation, diversified commodity trade, and the increasing adoption of RMB settlement. Despite sanctions challenges, both countries are actively seeking new trade routes and aim to increase trade to $200 billion by 2024, contributing to global economic stability. They are working to overcome obstacles and strengthen their economic partnership in the face of external pressures.

01/04/2026 Logistics Industry Insights
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Kuwait Airport Emerges As Key Middle East Aviation Hub

Kuwait Airport Emerges As Key Middle East Aviation Hub

Kuwait International Airport is a significant aviation hub in the Middle East. This paper analyzes its location, routes, cargo, customs clearance, and warehousing. With its strategic geographic position and continuously improving facilities, Kuwait International Airport plays a crucial role in regional economic development. Future expansion and multimodal transport strategies will further enhance its global position, making it an increasingly important player in international trade and logistics. The airport's ongoing development is vital for supporting Kuwait's economic growth and connectivity.

01/07/2026 Logistics Encyclopedia
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WCO Supports Madagascar Customs to Streamline Trade

WCO Supports Madagascar Customs to Streamline Trade

The World Customs Organization (WCO) is assisting Madagascar Customs in implementing the Trade Facilitation Agreement and the Immediate Release Guidelines, aiming to optimize trade processes, accelerate cargo release, and promote economic growth. Through workshops, gap analysis, and field visits, the WCO is working with Madagascar Customs to advance digital transformation and improve cross-border trade efficiency. This collaboration focuses on enhancing customs procedures and infrastructure to streamline the movement of goods and boost Madagascar's economic competitiveness.

01/05/2026 Customs Knowledge
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Peru Bolivia Enhance Customs Ties to Streamline Trade

Peru Bolivia Enhance Customs Ties to Streamline Trade

Customs cooperation between Peru and Bolivia focuses on exchanging experiences in risk management and customs laboratories. The collaboration aims to enhance trade facilitation and promote regional economic development. This includes sharing best practices and exploring collaborative strategies to improve efficiency and security in cross-border trade. The initiative seeks to streamline customs procedures, reduce trade barriers, and foster a more competitive and integrated regional market. Ultimately, this cooperation contributes to economic growth and strengthens ties between the two nations.

01/05/2026 Customs Knowledge
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Global Freight Economy Adapts to Trade War Pressures

Global Freight Economy Adapts to Trade War Pressures

Escalating global trade tensions are creating uncertainty for the freight economy, with businesses facing challenges from tariffs and geopolitical risks. This report analyzes the impact of the trade war on economic growth, inflation, and consumer confidence. It suggests strategies for businesses, including diversifying supply chains, strengthening risk management, and improving operational efficiency. The report emphasizes the importance of adapting to the changing environment to ensure sustainable growth and stability in the face of these economic headwinds.

01/08/2026 Logistics Industry Insights
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WCO Program Boosts Botswana Tax Authoritys Modernization Efforts

WCO Program Boosts Botswana Tax Authoritys Modernization Efforts

The WCO conducted a leadership workshop in Botswana to enhance the management capabilities of the Botswana Unified Revenue Service (BURS), promote tax modernization, and contribute to economic development. The workshop focused on strengthening leadership skills within the BURS to effectively implement modern tax administration practices. This initiative aims to improve revenue collection and ultimately support Botswana's economic growth. Funding for the workshop was provided by Finland, highlighting international cooperation in supporting tax reform and capacity building in developing countries.

01/07/2026 Customs Knowledge
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