Potential Crisis in Container Shipping Market 500 New Ships Set to Enter Service

Potential Crisis in Container Shipping Market 500 New Ships Set to Enter Service

The container shipping market is facing a dual challenge of declining demand and rapid capacity growth. An estimated 5 million TEUs of new ships are expected to be delivered over the next two years, leading to the highest capacity growth in 20 years, while freight rates continue to plummet, increasing market risks. Although there remains a willingness to pay for some capacity, factors such as global economic slowdown and rising inflation create significant uncertainty for future trends. Industry experts warn that the sector must seek transformation under pressure to enhance competitiveness.

Streamlined Art Permit Process Launches for Easier Approvals

Streamlined Art Permit Process Launches for Easier Approvals

Troubled by art permit applications? Download our authorization template for easy delegation. We also provide agency services for art import and export licenses, offering a one-stop solution for your art import and export needs. Focus on your artistic creation and market expansion, leaving the paperwork to us. We simplify the process and ensure compliance, allowing you to dedicate your time and energy to your passion and business.

WCO Aids Namibia in Upgrading Customs System ASYCUDA

WCO Aids Namibia in Upgrading Customs System ASYCUDA

The World Customs Organization, through its 'Accelerated Trade Facilitation Programme,' is leveraging the experience of the Zambia Revenue Authority to enhance the Namibia Revenue Agency's application capabilities of the ASYCUDA World system. This initiative aims to promote trade facilitation and economic growth. The program emphasizes a 'Customs-to-Customs' cooperation model, facilitating knowledge transfer and practical site visits to improve the operational efficiency of the Namibia Revenue Agency.