Pacific Shipping Sees Recovery in H1 Earnings An Analysis of the Shift from Loss to Profit

Pacific Shipping Sees Recovery in H1 Earnings An Analysis of the Shift from Loss to Profit

Pacific Shipping Company reported a net profit of $30.8 million for the first half of 2023, a significant improvement from last year's losses. The company noted that the recovery of the bulk carrier market and high operational load factors contributed to the positive performance. Looking ahead, the company remains optimistic about the recovery of the shipping market and plans to continue exploring investment opportunities in second-hand vessels. Additionally, in response to the 2020 low-sulfur regulations, the company is assessing compliance strategies.

08/01/2023 Logistics Industry Insights
Read More
Freight Forwarders Adopt New Strategies to Mitigate Risks

Freight Forwarders Adopt New Strategies to Mitigate Risks

This article shares common challenging issues and handling experience in freight forwarding, covering aspects such as order cancellation/consolidation, responsibility attribution, port operations, and re-allocation. It aims to help freight forwarding practitioners improve their business capabilities and avoid potential risks. The content provides practical insights and actionable strategies to navigate complex situations and ensure smooth operations. By learning from real-world examples, readers can enhance their problem-solving skills and minimize potential losses in their daily work.

08/21/2025 Logistics Encyclopedia
Read More
FBA Sellers Face Risks Over Unlabeled Battery Shipments

FBA Sellers Face Risks Over Unlabeled Battery Shipments

Cargo shipped via ocean freight FBA without electrified labels faces serious consequences, including customs rejections, Amazon warehouse refusals, and transportation safety hazards. This article offers solutions such as halting shipments, processing in overseas warehouses, and communicating with Amazon, to help sellers mitigate these risks.

09/15/2025 Logistics Encyclopedia
Read More
Customs Data Discrepancies Challenge Global Trade Accuracy

Customs Data Discrepancies Challenge Global Trade Accuracy

Discrepancies between customs declaration data and actual packing are common challenges in foreign trade exports. This paper addresses this issue by proposing solutions such as emphasizing early estimation, establishing a comprehensive packing process, and communicating promptly with customs brokers. The aim is to help foreign trade companies skillfully mitigate risks and successfully complete exports while maintaining compliance.

08/23/2025 Customs Knowledge
Read More
Shipping Industry Guide Addresses Cargo Left Behind Issues

Shipping Industry Guide Addresses Cargo Left Behind Issues

Cargo shortage is a common problem in foreign trade and freight forwarding. This article provides a detailed interpretation of response strategies after a cargo shortage occurs, including how to remedy the situation, the responsibilities of the agent, obtaining pre-entry documents, the impact of container unloading and reallocation, and the handling of delayed voyages. The aim is to help readers effectively deal with cargo shortage issues and minimize losses. It covers practical solutions for managing the complexities arising from missing cargo in international shipments.

08/23/2025 Logistics Encyclopedia
Read More
Global Supply Chains Adapt to Rising Disruptions

Global Supply Chains Adapt to Rising Disruptions

Maersk's report highlights the crucial role of supply chain resilience, revealing that resilience leaders experience less revenue loss when facing disruptions. The report emphasizes leadership, technology, and collaboration as the three key pillars for building a resilient supply chain. Companies should prioritize these aspects to effectively navigate uncertainty and achieve sustainable growth. Investing in these areas allows businesses to better anticipate, adapt to, and recover from unexpected events, ultimately strengthening their competitive advantage and ensuring long-term success in a volatile global landscape.

09/28/2025 Logistics
Read More
Global Freight Transport Faces Rising Complexity Hidden Costs

Global Freight Transport Faces Rising Complexity Hidden Costs

International freight transport is a crucial component of international trade, characterized by strong policy influence, complex processes, broad involvement, strict time constraints, and significant risks. Understanding these characteristics helps businesses better seize international trade opportunities, mitigate potential risks, and maximize profits. Successfully navigating the complexities of international shipping is essential for efficient and profitable cross-border trade. Careful consideration of logistics risks is paramount to ensuring smooth operations and minimizing potential disruptions.

09/26/2025 Logistics Encyclopedia
Read More
Global Container Shipping Faces Delays and Rollover Risks

Global Container Shipping Faces Delays and Rollover Risks

This article provides an in-depth analysis of the 'vessel sliding' (schedule changes) and 'rolled cargo' (cargo being bumped from a booked vessel) phenomena in liner shipping. It explains the causes and distinctions between these two issues. Furthermore, it offers strategies for shippers to mitigate potential losses and ensure the secure transportation of their goods. The aim is to equip cargo owners with the knowledge to navigate these challenges effectively and protect their shipments from disruptions.

09/26/2025 Logistics Encyclopedia
Read More