Global Shipping Costs Surge for Bulk Cargo Shippers

Global Shipping Costs Surge for Bulk Cargo Shippers

This article provides an in-depth analysis of international LCL (Less than Container Load) ocean freight rates. It details various calculation methods for basic freight (based on weight tons, volume, ad valorem, etc.) and different types of surcharges, such as overweight charges, port congestion surcharges, and bunker adjustment factors (BAF). The article also offers practical advice on reducing ocean freight costs, helping shippers make informed decisions and optimize their logistics expenses. This aims to empower cargo owners to smartly manage and minimize their overall shipping costs.

11/03/2025 Logistics Encyclopedia
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Baltic Dry Index Surge Signals Rising Global Freight Costs

Baltic Dry Index Surge Signals Rising Global Freight Costs

The surge in the Baltic Dry Index (BDI) is a result of multiple factors including global economic recovery, tight shipping capacity, and port congestion. It reflects new trends in global trade and indicates growing demand for commodities. Geopolitical risks and changes in trade policies also significantly impact freight rates. The BDI serves as a barometer of the global economy and warrants close attention. Its fluctuations provide insights into the health of international commerce and the interplay of supply and demand in the dry bulk shipping sector.

11/03/2025 Logistics Industry Insights
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Guide to SWIFT Codes for Caixa Geral De Depsitos Transfers

Guide to SWIFT Codes for Caixa Geral De Depsitos Transfers

Understanding the SWIFT code CGDIPTPLXXX for CAIXA GERAL DE DEPOSITOS (CGD) is a crucial step for international remittances. Ensuring the correct bank information, such as address and city, helps facilitate a secure and accurate transfer of funds. Additionally, be mindful of the remittance fees and exchange rates to avoid unnecessary complications.

08/20/2025 International Settlement
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Guide to Major Canadian Airports and Their Codes

Guide to Major Canadian Airports and Their Codes

This article provides a detailed overview of various airports in Canada, including their city locations, airport types, and codes, facilitating travelers in planning their flights more conveniently. Through case studies of airports like Abbotsford Airport and Attawapiskat Airport, it offers insights into the diverse aviation network that Canada has developed.

08/05/2025 Airport Codes
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San Fernando Airport Gains Strategic Importance in Argentina

San Fernando Airport Gains Strategic Importance in Argentina

San Fernando Airport is an important air hub in Argentina, with ICAO code SADF and IATA code FDO, located at an elevation of 10 feet. It offers convenient services for domestic and international flights, as well as access to the city and surrounding areas, promoting regional transportation and economic development.

08/04/2025 Airport Codes
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Libyas Ghadames East Airport Emerges As Key Aviation Hub

Libyas Ghadames East Airport Emerges As Key Aviation Hub

Ghadames East Airport is a medium-sized airport in Libya, offering flights to Tripoli International Airport. The airport features two runways and serves as a gateway to the culturally rich city of Ghadames. Although METAR weather data is unavailable, it remains a vital entry point for exploring Libya's unique charm.

08/04/2025 Airport Codes
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Ugandas Arua Airport Expands Flight Services

Ugandas Arua Airport Expands Flight Services

Alwa Airport is a medium-sized airport located in northern Uganda, specifically in the city of Alwa, connecting to Entebbe International Airport. Although the number of flights is limited, the airport provides convenient travel options for local residents and tourists, promoting regional development and boosting the growth of the tourism industry.

08/08/2025 Airport Codes
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