shipping trade

Maersk will start using cleaner fuel from December

During an interview with Bloomberg, Maersk’s CEO, Soren Skou, talked about all the current issues that the shipping industry is facing, as well as how Maersk will be dealing with the 2020 sulphur cap. As for the ways it will comply with the regulations, its fleet will start using cleaner fuels during December, while the company has already built up stock and supply contracts.

Do you know why Bill of Lading is important for shipping?

Shipping of goods is the backbone of global economy and a really complex procedure. Taking into consideration how many stakeholders are involved in the trade process, we cannot help but wonder: How the efficient transfer from party to party is achieved? And how do parties ensure quality of the cargo is maintained through the voyage?

China to announce investment in Brazilian port

Reuters reports that China plans on making a billion-dollar investment in port of Sao Luis via China Communications Construction Company, in Brazil, part of the largest foreign direct investment into Brazil this year. The announcement will be made during the meeting of leaders from Brazil, Russia, India, China and South Africa, the BRICS group of emerging nations.

Jeddah Islamic Port to accommodate e-commerce bonded express facility

LogiPoint and NAQEL signed an agreement to establish the first Bonded Express facility at LogiPoint – Bonded and Re-Export Zone at Jeddah Islamic Port, which will be dedicated to e-commerce operations. This facility will be the first of its kind at a Saudi Port dedicated to the clearance and fulfillment of express and e-commerce shipments.

Imports at US ports to face a final increase for 2019 due to tariffs

Imports at the US’s major retail container ports are forecast to see their final increase of the year this month ahead of new tariffs, that will be implemented in December, according to the Global Port Tracker report. US ports covered by Global Port Tracker handled 1.87 million TEUs in September.

EU-Singapore trade agreement to come into force

The trade agreement between the EU and Singapore was endorsed by EU Member States, meaning that the agreement will enter into force as soon as 21 November. Under the agreement, Singapore will remove all remaining tariffs on EU products, providing new opportunities for EU services’ providers in sectors such as telecommunications, environmental services, engineering, computing and maritime transport, making the business environment more predictable.

CargoSmart completes proof-of-concept of data exchange platform

CargoSmart announced the successful completion of a proof-of-concept with eTradeConnect, of the new data exchange platform Global Shipping Business Network (GSBN). The engagement explored ways to enhance global trade through better collaboration among shippers, banks, terminal operators, and ocean carriers, with applications to be further developed once the GSBN is formed.

UK supports safe sustainable marine economies in the Pacific and Caribbean

The UK Hydrographic Office has committed to help islands across the Pacific and Caribbean support trade and develop sustainable marine economies. Through a conference, the government aims to help representatives to achieve these outcomes by developing legislation and regulations that support the safe use of the ocean.

Increased custom fines at Port of Dakar

Senegal has recently decided to follow up discharge operations of ships carrying bagged or bulk cereals and other bulk cargo. This decision aims to sanction any substantial shortage or excess of cargo recorded by their own surveyor or by stevedores.

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