Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale predicts that global seaborne iron ore demand will reach 1.35 to 1.4 billion tons this year, as future new supply is limited, with prices expected around $50 per ton. Recently, due to declining steel demand in China, spot iron ore prices have fallen below $40, reaching a ten-year low. Despite pressure on global iron ore supply, increasing demand outside of China may offset this. Additionally, the reduction in new supply is one of the key factors.

12/30/2023 Logistics
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WCO Aids Gambia in Strengthening Trade Audit Systems

WCO Aids Gambia in Strengthening Trade Audit Systems

The World Customs Organization (WCO) supports the Gambia Revenue Authority (GRA) in enhancing its Post Clearance Audit (PCA) capabilities through training and diagnostic assessments. This initiative aims to help Gambia build an efficient and compliant trade environment. The project covers PCA principles, risk management, and business cooperation, offering recommendations for improvement. The ultimate goal is to promote trade facilitation and economic development in Gambia.

01/05/2026 Customs Knowledge
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Bahrain Boosts Customs Audits with WCO Backing

Bahrain Boosts Customs Audits with WCO Backing

The World Customs Organization (WCO) held a Post Clearance Audit workshop in Bahrain to enhance Bahrain Customs' revenue collection capabilities. The workshop focused on international standards, risk management, and audit preparation, emphasizing the importance of risk assessment and data analysis in auditing. Through case studies and practical exercises, it helped Bahrain Customs officials master audit techniques, laying the foundation for building an efficient tax system. The training aimed to improve compliance and reduce revenue leakage through effective post-clearance control mechanisms.

01/05/2026 Customs Knowledge
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Uzbekistan Strengthens Customs Controls with WCO Backing

Uzbekistan Strengthens Customs Controls with WCO Backing

The World Customs Organization (WCO), through its Global Trade Facilitation Programme (GTFP), provided remote technical assistance to the State Customs Committee (SCC) of Uzbekistan, focusing on enhancing Post-Clearance Audit (PCA) capabilities. Through theoretical reviews, practical exercises, and case studies, the project significantly improved the auditing skills of Uzbek customs officers and provided recommendations for developing specific customs procedures. This initiative supports Uzbekistan's efforts to improve its trade facilitation level.

01/05/2026 Customs Knowledge
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Pacific Customs Alliance Expands Regional Expertise for Sustainable Growth

Pacific Customs Alliance Expands Regional Expertise for Sustainable Growth

WCO, in collaboration with JICA and Japan Customs, is supporting Pacific Island Countries in building a pool of customs experts through training programs. This initiative aims to enhance their customs enforcement capabilities and promote trade facilitation. The project focuses on strengthening regional cooperation and improving customs administration in the Pacific region, ultimately contributing to economic growth and security.

12/30/2025 Customs Knowledge
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WCO Trains Data Analysts in South Korea

WCO Trains Data Analysts in South Korea

The World Customs Organization (WCO) held a data analysis lecture for WCO Scholarship Program students at Sungkyunkwan University in South Korea. The lecture covered data strategy implementation, customs data analysis applications, and geospatial intelligence. Through interactive discussions, WCO representatives answered student questions, helping to enhance customs data analysis capabilities and promote global trade security and facilitation. The initiative aims to equip participants with the skills necessary to leverage data for improved customs operations and decision-making within their respective administrations.

01/05/2026 Customs Knowledge
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Top Tools for Professional Youtube Live Streaming

Top Tools for Professional Youtube Live Streaming

This article provides an in-depth analysis of 9 mainstream YouTube live streaming tools, ranging from Restream and Switcher Studio to OBS Studio and Ecamm Live. It details their features, application scenarios, advantages, and disadvantages. The aim is to help content creators choose the most suitable tool based on their specific needs, improve live streaming quality, and master the secrets to success on YouTube.

12/31/2025 Logistics Encyclopedia
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