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.
This paper delves into the distinctions between detention and demurrage in international ocean freight, clarifying their responsible parties, triggering mechanisms, and calculation methods. Furthermore, it proposes interconnected mitigation strategies, including accurately understanding the start date, optimizing customs clearance processes, and selecting appropriate transportation modes. The aim is to assist businesses in effectively controlling logistics costs and enhancing operational efficiency.
This article delves into the time efficiency differences between US-China ocean freight, detailing influencing factors such as route selection, port of origin, and port call sequence. It provides examples of various shipping companies' route time efficiencies, offering logistical decision-making references for cross-border e-commerce sellers. This aims to help optimize supply chains and improve customer satisfaction.
This article analyzes the International Convention on Certain Rules Relating to Bills of Lading (Hague Rules), focusing on the liability of carriers and its legal consequences. By interpreting the provisions, it clarifies the responsibilities of carriers and the exemptions from liability, providing clear guidance for the legal relationships related to maritime cargo transportation.
The US dockworkers' union and the Maritime Alliance are locked in a stalemate over automation negotiations, with the union fearing job losses. The trade community is concerned about the potential impact on supply chains. Balancing the interests of labor and management is crucial to avoid hindering economic recovery. The impasse highlights the challenges of technological advancements in the workplace and the need for proactive solutions to mitigate negative consequences and ensure a smooth transition for workers in the face of automation.
A labor dispute between the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) has triggered a strike at ports along the US East Coast and Gulf Coast. This paper provides an in-depth analysis of the strike, detailing the current operational status of key ports, assessing its impact on the supply chain, and offering a future outlook. The analysis will cover the immediate disruptions and potential long-term consequences for businesses relying on these vital trade gateways.
The East Coast port strike has ended as the International Longshoremen's Association and the United States Maritime Alliance reached a tentative wage agreement, resuming port operations. The strike stemmed from automation and wage disputes, with the government facilitating but not interfering. Businesses should monitor the port recovery, adjust logistics plans, and build resilient supply chains. The resolution averts further disruption to the supply chain and offers a temporary reprieve, but long-term solutions addressing automation and labor concerns remain crucial for future stability.
The World Customs Organization (WCO), in collaboration with the Global Alliance for Trade Facilitation and Columbia University's National Center for Disaster Preparedness (NCDP), held a workshop in Madagascar to enhance the country's capacity to respond to pandemics and natural disasters. Through the development of Standard Operating Procedures (SOPs) and practical exercises, Madagascar gained valuable lessons, providing insights for other developing countries facing challenges posed by climate change. The workshop aimed to strengthen disaster preparedness and resilience through customs facilitation and international collaboration.
Douyin e-commerce platform adjusts the standards for Douyin store products to enter the Selected Alliance, with the product return rate becoming a key assessment indicator. Merchants need to improve product quality, optimize after-sales service, and pay attention to data indicators to adapt to the new regulations and obtain more promotion opportunities. The new rules aim to create a healthier and more sustainable e-commerce ecosystem. Merchants should actively respond and realize the transformation from "traffic is king" to "quality is king."
The International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) will resume contract negotiations on January 7th to avert a potential port strike. The core dispute revolves around the use of semi-automated rail-mounted gantry cranes, with the ILA fearing job losses due to automation. Businesses should assess risks, develop contingency plans, and closely monitor the negotiation progress to mitigate potential supply chain disruptions. The outcome of these negotiations will significantly impact port operations and the overall economy.
