COSCO Shipping recently named a new LNG RoRo vessel, "Chengkangkou," in Xiamen. The ship is 199.9 meters long, has 13 decks, and can carry a maximum of 7,500 vehicles, with an expected carbon emission reduction of 27%. The plan is to expand the fleet to 30 vessels in the future, promoting green shipping initiatives.
The surge in demand resulting from the US-China trade agreement brings potential risks to the supply chain. While the decline in idle ship rates indicates a recovery in capacity, shipping companies may face significant challenges including reduced quotas, difficulties in booking, and rising costs, which have a considerable economic impact on end consumers.
Ship design must address future emission regulation challenges. Drewry's analysis indicates that certain designs may not adapt, while new technological alternative fuels could reduce emissions. Although initial costs for new designs are higher, compliance will yield long-term benefits. The shipping industry needs to leverage technological and policy dynamics to achieve a green transition.
The green transition of international maritime transport is accelerating, making low-carbon ship technology selection and environmental compliance crucial. Companies need to balance fuel diversity, policy compatibility, and cost control, building a full lifecycle data traceability system. Leveraging specialized logistics consultants to customize solutions is essential for success in the competitive green shipping landscape.
This article discusses key considerations for the export of additive bulk cargo in consolidated shipments, including classification, declaration, booking materials, and warehouse entry processes.
In international freight, the classification of heavy goods, light/bulky goods (also known as chargeable weight), and flat goods significantly impacts shipping costs. This article details these concepts and explains their classification standards based on different transportation modes, including air, sea, and land freight. It also highlights that the actual standards may vary among different companies, requiring specific consultation for accurate assessment. Understanding these distinctions is crucial for optimizing logistics cost management in international trade.
The Ethiopian Customs Commission (ECC), in collaboration with the World Customs Organization (WCO), enhances the professional capacity of its officers in the Harmonized System (HS). This article emphasizes the importance of commodity classification, shares highlights from the ECC's study visit, and provides references and suggestions for customs and enterprises in other developing countries. The aim is to improve trade competitiveness through strengthened customs expertise and efficient classification practices, ultimately contributing to smoother international trade flows.
The 56th session of the Harmonized System Committee (HSC) of the World Customs Organization (WCO) released the latest commodity classification decisions, covering goods such as powdered alcohol, two-piece suits, and children's carriers. These decisions aim to provide clearer commodity classification criteria for international trade, reduce trade risks, improve customs clearance efficiency, and lower trade costs. They offer guidance for consistent application of the Harmonized System, facilitating smoother and more predictable global trade flows.
As the container ship leasing market shifts towards feeder sizes, it is expected that transaction activity for 2500 to 2800 TEU vessels will rise, with supply and demand tightening giving shipowners increased pricing power. Recent leasing deals between Swire Shipping and CMA CGM indicate a revival in market activity, and competition is anticipated to intensify in the coming weeks.
The Evergreen container ship 'Ever Feat' experienced a stack collapse off the coast of Brazil due to severe weather, resulting in damage to 30-40 containers, some of which are suspended and at risk of falling into the water. This incident poses a potential threat to global shipping and ecological safety, significantly impacting delivery timelines for foreign trade companies.
