NVOCC is one of the terms you would have heard quite often in day to day business particularly if you are in the US or Chinese markets.. This article explains … Read more..
There are several shipping jargon used in day to day business.. Port and Starboard are two such terms on a daily basis.. But not everyone is aware of the meanings … Read more..
This definition of the term “Merchant” has caught the attention of the Federal Maritime Commission (FMC) who is soliciting public comment as to How VOCCs apply the term “Merchant” in … Read more..
General Rate Increase (GRI) – a term liked by the shipping lines and loathed by the trading community.. This article explains what GRI means to people on either side of … Read more..
The process of global trade is simple to look at, especially if you look at it from the outside.. There is a buyer who needs a product ; There is … Read more..
Abandoned cargo could be quite stressful for shipping lines, shippers, port authorities and forwarders alike and is considered to be a big headache for everyone concerned.. When a cargo is abandoned … Read more..
The much reported MARPOL Annex VI regulation (a.k.a IMO2020) which was implemented to lower the current global limit for sulphur content of marine fuels from 3.50% to 0.50% came into effect … Read more..
Bulk and Break bulk are two terms that are being used incorrectly and interchangeably in the course of day to day business.. These terms cannot be used interchangeably because there … Read more..
Benchmarking – is a business tool used by companies to evaluate and compare the current position and standing of the company against similar companies and organisations in the same business … Read more..
A seafarer is never at the front or the back of a ship; they are at the bow or the stern. They are never on the left or right side, … Read more..
Trans-Pacific carriers accelerate blank sailings More blank sailings spell volatility for trans-Pacific AE2-blank-sailing-announcement-Europe-Services – Maersk Falling US imports spell more trans-Pacific blankings Soft demand and falling rates push 2M to … Read more..
There are several entities involved in the successful transportation of a shipment.. However big or small a shipment is, two entities stand out due to the importance of their roles … Read more..
As container shipping has evolved over the years, so have the methods of carrying cargo and types of cargo being carried.. Open Tops and Flat Racks are two of the … Read more..
There is a new shipping jargon in town and it is called Street Turn.. It is a charge about to be implemented by a few of the shipping lines.. This … Read more..