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.
Maersk has launched two new rail services connecting DP World London Gateway with Hams Hall and iPort Doncaster. This initiative aims to address the growth in port container transport, enhance inland connectivity, and promote a shift from road to rail transport, contributing to sustainable development.
This article highlights the importance of modernized ports in ensuring the resilience of the U.S. economic supply chain. It discusses a recent crisis triggered by union strikes and calls for investments in automation and technology to enhance port efficiency, safeguarding national security and competitiveness.
Demurrage fees refer to the charges incurred when cargo remains at the port beyond the final free days, calculated per container, per day, and can accumulate quickly. The Flexport team offers solutions like 'pre-pulling' services to help you reduce costs and improve logistics efficiency.
South Riding Point in the Bahamas is a dedicated oil loading and unloading port equipped with modern facilities and safety guarantees. The inner harbor and island berths provide efficient docking for oil tankers, utilizing mandatory pilotage and radio communication to ensure safe and efficient operations.
This article analyzes the multiple factors affecting customs clearance in international express shipments to Brazil, including product type, document completeness, customs inspection situations, port efficiency, and logistics channel selection. By effectively mastering these elements, users can optimize their express delivery experience and improve customs clearance efficiency.
CBP's updated policy on mother port transshipment specifies that certain goods must be shipped by specific deadlines to qualify for in-transit exemptions and a 10% countervailing duty. This change may result in higher tariffs and retroactive fees for many importers, necessitating careful handling of related declarations.
Freight rates in maritime shipping frequently fluctuate due to global economic changes, primarily influenced by transportation costs, market structures, cargo characteristics, route and port conditions, and contract terms. This article explores these five factors and their interactions, revealing the essence of rate fluctuations and market dynamics.
IATA accreditation is crucial for freight companies seeking global business expansion. It offers worldwide recognition, network expansion, enhanced image, and streamlined processes, facilitating efficient and convenient settlements through the CASSLink system. The application process is straightforward, requiring documents such as company registration proof, business license, and financial guarantees. Obtaining IATA accreditation is the best investment for soaring freight business.
This article provides a detailed analysis of truck wait fees and their impact on transportation costs. Understanding truck wait fees can help businesses better estimate transportation expenses and avoid unnecessary additional spending. Flexport offers market updates to help you stay informed about port dynamics and optimize logistics solutions.
