Shipping Companies Face FMC Investigation Over Risk of Penalties for Urging Return of Empty Containers or Refusing Export Services

Shipping Companies Face FMC Investigation Over Risk of Penalties for Urging Return of Empty Containers or Refusing Export Services

Due to labor shortages caused by the pandemic, ports in Southern California are severely congested. Shipping companies are eager to send empty containers back to Asia, potentially neglecting services for U.S. exporters. If the charges against the carriers are confirmed, the Federal Maritime Commission will impose fines, emphasizing the responsibility of the shipping industry to comply with laws and regulations.

07/23/2025 Logistics
Read More
SWIFTBIC Codes Vital for Crossborder Payments

SWIFTBIC Codes Vital for Crossborder Payments

This article explores the significance and structure of the SWIFT/BIC code RBMAMWMWDVT of the Reserve Bank of Malawi, highlighting its applicability and necessity in international remittances. It advises verifying relevant information before transactions to ensure the security and smooth transfer of funds.

08/21/2025 International Settlement
Read More
Freight Industry New Policy: Driver Age Limit Extended to 63 Years, Opportunities and Challenges Ahead!

Freight Industry New Policy: Driver Age Limit Extended to 63 Years, Opportunities and Challenges Ahead!

The Ministry of Public Security has extended the age limit for applying for a medium and large passenger and freight vehicle driving license from 60 to 63 years, aiming to address the aging crisis among freight drivers. The policy also allows drivers meeting certain conditions to extend the age limit to 66 years. This brings new job opportunities but raises concerns about employment for younger drivers.

12/01/2024 Logistics
Read More
Amazon Adjusts Storage Fees Urges Sellers to Adapt

Amazon Adjusts Storage Fees Urges Sellers to Adapt

Amazon's storage policy may undergo significant changes, with paid storage becoming a reality. Sellers facing storage limitations and expansion difficulties are exploring overseas warehouses and AWD solutions. In response to the new policy, sellers should closely monitor policy trends, optimize inventory management, improve IPI scores, effectively utilize overseas warehouses and AWD, refine operations, actively participate in bidding, and diversify their development to meet the challenges. They need to pay close attention to the details of the policy and adjust their strategies accordingly to maintain profitability and competitiveness.

12/30/2025 Warehousing
Read More