GRI (General Rate Increase) is a pricing adjustment mechanism used by ocean shipping companies that must be announced 30 days in advance according to U.S. regulations. The amount and implementation of GRI vary with market changes, significantly impacting transportation costs for businesses. Understanding the GRI mechanism can help companies better manage their shipping expenses.
Norwegian shipping company Golden Ocean Group expects that the dry bulk shipping market can absorb 10% of new vessel capacity due to port congestion and demand for coastal trade in China. Although the number of new ship deliveries needs to be reduced by 40% to maintain high charter rates, the market still shows resilience and potential for growth.
Flexport's latest ocean efficiency report reveals changes in shipping times between China and the U.S. as well as China and Europe. Transit times from China to the East Coast of the U.S. have slightly increased, while times to the West Coast and Northern Europe have remained stable or decreased. By breaking down shipping routes, OTI provides businesses with more precise logistics decision support.
This article explains the concepts of "Space Release" and "Container Release" in international freight forwarding. It clarifies the differences and connections between them in terms of definition, prerequisites, results, and subsequent operations. The aim is to help readers clearly understand the ocean freight process, avoid operational confusion, and ensure the smooth shipment of goods. It details the nuances involved in securing space on a vessel and obtaining the physical container, highlighting the importance of understanding these steps for efficient international shipping.
This article provides a detailed analysis of container release and handover procedures in international shipping, emphasizing the basis for handover, division of responsibilities, and specific formalities for import, export, and empty containers. Through comprehensive explanations of processes for container agents, cargo parties, and carriers, it aims to give readers a thorough understanding of the importance and operational requirements of container operations in international shipping.
This article provides a detailed analysis of the issuance and handover process of international shipping containers. It elaborates on the basis for responsibility allocation, the processes for retrieving and handing over import and export full containers, as well as the procedures for issuing and handing over empty containers. Understanding these processes is crucial for relevant entities involved in international trade, as it helps ensure smooth and efficient logistics.
This article analyzes the definitions and distinctions between clean and unclean bills of lading. A clean bill of lading is issued when the external packaging of the goods is in good condition and has no exceptional remarks, which is crucial for foreign exchange, especially in letter of credit transactions. In contrast, an unclean bill of lading contains annotations about damaged goods or poor packaging, which may affect the smooth progress of the transaction.
This article provides a detailed overview of key elements for ocean freight from the US to China. It covers transportation methods, cargo types, route selection, price structure, and transit time calculation. This helps you comprehensively understand the ocean freight process, choose the most suitable transportation solution, reduce costs, and improve efficiency. The information provided allows for informed decision-making regarding shipping options and optimizing the supply chain for goods moving between the US and China.
This paper delves into the shipping time from Yantian Port to the US West Coast. It compares the time differences between Zim's expedited service, OA Alliance's expedited service, and regular ocean freight vessels. The analysis identifies key factors influencing shipping time, aiming to assist businesses in selecting the appropriate transportation method, optimizing supply chain management, and reducing logistics costs. The comparison provides insights into the trade-offs between speed and cost for different shipping options from Yantian to the US West Coast.
While early arrival of international shipping schedules is a welcome surprise, it's a rare occurrence. This paper analyzes the driving factors behind early arrivals from a data analysis perspective, including efficient pre-processes, optimized port operations, and route adjustments. We also examine the probability and potential impact of these factors. We recommend that cargo owners establish a schedule tracking system, communicate closely with freight forwarders, and rationally manage their expectations for ocean freight.
