Shipping Industry Faces Rising EBS Charges Amid Fuel Price Surges

Shipping Industry Faces Rising EBS Charges Amid Fuel Price Surges

This article analyzes the EBS (Emergency Bunker Surcharge) issue in international ocean freight. EBS is a fee levied by shipping companies to cope with fluctuating oil prices. In principle, it's not considered a local FOB charge, but in practice, it might be passed on to FOB customers. Exporters are advised to communicate and negotiate with buyers in a timely manner to clarify who bears the cost. This proactive approach can help avoid disputes and ensure a smoother transaction regarding the allocation of EBS responsibilities.

02/11/2026 Logistics Encyclopedia
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Usindia Trade Pact Targets 500B Boosts Energy Ties

Usindia Trade Pact Targets 500B Boosts Energy Ties

The US and India have reached a trade agreement where the US lowers tariffs on Indian goods to 18%. India has pledged to purchase over $500 billion worth of US energy, technology, and agricultural products. Furthermore, India will adjust its energy import structure, halting Russian oil imports and shifting to US and Venezuelan crude. This aims to balance bilateral trade. However, fulfilling the procurement commitments remains challenging, and future cooperation is crucial to ensure the success of this agreement and address potential hurdles in its implementation.

02/11/2026 Customs Knowledge
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Trump Announces Trade Deal with India Plans Tariff Reductions

Trump Announces Trade Deal with India Plans Tariff Reductions

Former US President Trump claimed a trade deal with India, significantly reducing tariffs to 18% and stating India would increase purchases of US products and cease buying Russian oil. While the White House hasn't confirmed, Prime Minister Modi has acknowledged the tariff reduction. The news sparked positive market reactions, but the deal's authenticity and specific impacts remain to be seen. The potential agreement focuses on easing trade barriers and shifting India's energy sourcing, but details and official confirmation are crucial for assessing its true significance.

02/11/2026 Customs Knowledge
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US Services Sector Growth Slows As Economic Concerns Mount

US Services Sector Growth Slows As Economic Concerns Mount

The US non-manufacturing index edged down in April but remained in expansion territory. Key indicators saw a broad decline, suggesting slightly weakened growth momentum. Supplier deliveries slowed, order backlogs increased, and the price index fell sharply. Company feedback was mixed, with rising oil prices pushing up costs. The future direction hinges on economic activity in May and June. Overall, the non-manufacturing sector remains resilient, but the economic outlook remains uncertain. While still expanding, the deceleration and mixed signals suggest caution regarding future growth prospects.

01/28/2026 Logistics Industry Insights
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US Stocks Drop on Ukraine Ceasefire Hopes Tech Volatility

US Stocks Drop on Ukraine Ceasefire Hopes Tech Volatility

The Americas market started December on a weak note, with stock market volatility. Broadcom and Costco declined, while Tesla bucked the trend with gains. Progress in Ukraine ceasefire negotiations put downward pressure on oil prices. Investors should closely monitor geopolitical dynamics and corporate earnings, diversify their portfolios, and maintain patience and rationality. The market's initial December performance underscores the importance of a well-balanced investment approach in the face of ongoing uncertainty and potential market fluctuations. Careful consideration of these factors is crucial for informed decision-making.

01/30/2026 Exchange Rate Query
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New Direct Flight Connects Saudi Arabia and South Korea

New Direct Flight Connects Saudi Arabia and South Korea

Saudi Arabia and Seoul, South Korea are approximately 7500 kilometers apart, requiring a 9-hour direct flight. Despite significant cultural differences, the two countries maintain strong economic and trade relations. Saudi Arabia is a major oil supplier to South Korea, while South Korea is a significant export market for Saudi Arabia. Air transport serves as the primary connection, with frequent political visits and expanding areas of cooperation. This relationship highlights the growing interconnectedness despite geographical and cultural disparities, focusing on economic benefits and diplomatic ties.

01/30/2026 Logistics Encyclopedia
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