HMM Sale 68B Deal to Transform Global Shipping Industry

HMM Sale 68B Deal to Transform Global Shipping Industry

HMM, the world's eighth-largest liner company, is up for sale again with an estimated value of $6.8 billion, drawing global attention to the shipping industry. The South Korean government's push to exit state-owned assets is the primary driver. HMM's substantial capacity, diversified business portfolio, and core competitiveness have attracted interest from multiple companies. This acquisition will profoundly impact the global shipping landscape, presenting both opportunities and challenges for shippers and freight forwarders. The final outcome remains to be seen.

01/15/2026 Logistics Industry Insights
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Global Shipping Costs How to Avoid Volumetric Weight Fees

Global Shipping Costs How to Avoid Volumetric Weight Fees

Why are international shipping costs so high? This article reveals the 'volumetric weight' billing rules, analyzes the phenomenon of high freight rates for lightweight goods, and provides practical cost-saving tips such as optimizing packaging, selecting appropriate shipping channels, and finding reliable freight forwarders. It aims to help you solve the freight cost problem, reduce logistics expenses, and achieve more efficient international trade. By understanding volumetric weight and implementing these strategies, businesses can significantly lower their shipping costs and improve their overall profitability.

01/15/2026 Logistics Encyclopedia
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Global Shipping Guide for Safe Lithium Battery Transport UN3480

Global Shipping Guide for Safe Lithium Battery Transport UN3480

This article provides an in-depth analysis of the certification and declaration process for UN3480 lithium battery packs transported by sea. It details key steps such as UN38.3 testing, packaging certification, and sea freight declaration, emphasizing the importance of compliant packaging and labeling. The article also mentions the SP 188 Special Provision exemption, offering businesses a clear operational guide for sea shipments. It highlights the necessary procedures to ensure safe and compliant transportation of lithium batteries by sea, adhering to international regulations.

01/15/2026 Logistics Encyclopedia
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Global Shipping Firms Adapt to New Customs Clearance Rules

Global Shipping Firms Adapt to New Customs Clearance Rules

Real-name authentication for international express delivery isn't limited to ID cards; temporary IDs, passports, and other documents are acceptable. Businesses can use their business license for sending. Recipients must provide documents required by the destination country for customs clearance. Understanding the policies and being flexible is crucial for ensuring smooth package clearance. This guide provides key information on navigating these requirements for hassle-free international shipping and receiving.

01/15/2026 Logistics Encyclopedia
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Shipping Firms Idle Fleets Amid Weak Global Freight Demand

Shipping Firms Idle Fleets Amid Weak Global Freight Demand

The global ocean freight market is facing weak demand, prompting shipping companies to increase blank sailings to combat falling freight rates. While blank sailings offer temporary relief, they cannot resolve the fundamental supply-demand imbalance. Moving forward, shipping companies need to optimize strategies and improve services, while shippers must strengthen supply chain management. Collaborative efforts are crucial to navigate market challenges and achieve long-term stability in the ocean freight market. The key is addressing the core issues beyond short-term fixes like blank sailings.

01/16/2026 Logistics Industry Insights
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FIATA Updates Dangerous Goods Manual for Safer Global Shipping

FIATA Updates Dangerous Goods Manual for Safer Global Shipping

FIATA has released the 3rd edition of its "Safe Handling and Transport of Dangerous Goods Regulations" manual to improve industry awareness and provide guidance on the safe transportation of dangerous goods. The manual compiles expertise from various authoritative bodies, covering all modes of transport. It emphasizes the standardization of safety practices and responsible communication, helping freight forwarders reduce risks, ensure safety, and improve operational efficiency. This updated edition aims to provide practical tools and knowledge for compliance and safe handling throughout the supply chain.

01/16/2026 Logistics
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Tuas Port Hits 10 Million Teus in Global Shipping Milestone

Tuas Port Hits 10 Million Teus in Global Shipping Milestone

Since its opening in 2022, Tuas Port in Singapore has successfully handled over 10 million twenty-foot equivalent units (TEUs), solidifying its status as a key global shipping hub. Utilizing advanced technology and efficient operations, the port is dedicated to meeting international trade demands and contributing to the global supply chain.

08/04/2025 Port Encyclopedia
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Straight Vs Order Bills of Lading Risks in Global Shipping

Straight Vs Order Bills of Lading Risks in Global Shipping

This article analyzes the key features and risk differences between negotiable and non-negotiable bills of lading in international shipping. It explores cargo control, the risks of releasing goods without a bill, and the adaptability of trade settlements. Practical recommendations are provided to assist decision-making and enhance transaction safety and efficiency.

08/04/2025 Document Interpretation
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Ever Feat Incident Exposes Extreme Weather Risks in Global Shipping

Ever Feat Incident Exposes Extreme Weather Risks in Global Shipping

The Evergreen container ship 'Ever Feat' experienced a stack collapse off the coast of Brazil due to severe weather, resulting in damage to 30-40 containers, some of which are suspended and at risk of falling into the water. This incident poses a potential threat to global shipping and ecological safety, significantly impacting delivery timelines for foreign trade companies.

08/06/2025 Logistics
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Air Freight Guide Key Insights for Domestic and Global Shipping

Air Freight Guide Key Insights for Domestic and Global Shipping

This article, in a popular science style, details the complete air freight process, from inquiry and order acceptance to settlement and delivery. It reveals the crucial role of freight forwarders in both domestic and international air transport. Furthermore, it provides practical advice on selecting the right freight forwarder, helping readers better understand air freight services. This includes understanding the various stages, documentation, and considerations involved in successful air cargo shipments.

08/21/2025 Logistics Encyclopedia
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