Authorized Economics Operator, or AEO for short, is a concept in business language that can be specified as an authorized entrepreneur or trusted entrepreneur. The AEO status makes it easier for entrepreneurs to go through customs procedures. A permit issued in one of the European Union countries is recognized in all EU member states. Other …
For freight operators, the opportunity to increase the scale of their operations in the promising intermodal segment is the development of China’s rail link with Europe – The New Silk Road. The Chinese provinces are striving to open new transport routes for faster and safer transportation of goods. Intermodal transport using rail is currently more …
Before imported goods can reach their final destination, they need to pass through a few stop-off points. One of them will most likely be a container terminal where the freight will go through all necessary procedures and eventually be brought on board. This whole process is not free of charge, and that is where CSC …
American and Chinese airlines problem is ongoing. Washington accused Beijing of blocking US carriers from resuming flights to China, which prompted the US authorities to tighten controls on Chinese airlines. The exchange of blows started after the US Department of Transportation stated that Beijing’s regulatory authorities are preventing US carriers from flying between the two …
Imports of goods from outside the European Union’s customs territory to a state member require customs clearance. For customs procedures, it is necessary to submit many documents and to pay customs duties and import sales tax. For the goods to be available legally on the target market, they must go through an authorization procedure. After …
Many importers are tempted to save on the importing process. The cost can be reduced by, for instance, not concluding a cargo insurance agreement. In fact, paying for insurance is an investment. If you do not insure your cargo and the unexpected happens, you, as the importer, are exposed to large losses. Find out more …
Turkey is a strategically located country that serves as a critical point between Asia and Europe. It is the perfect place to bring together China and Europe by railroad. Turkey has been recognized as a significant player in the Belt & Road Initiative (BRI). The Middle Corridor (The Trans-Caspian International Transport Route (TITR) plays a …
The coronavirus pandemic and the oil price war, fuelled by Saudi Arabia and Russia, brought oil prices down to record low levels. This must-have affected the condition of oil trading and storage companies. Hin Leong Trading, a huge Singaporean oil trading and storage company has announced its collapse. 800 million USD of losses to Hin …
Zhi Fei – Flying Wisdom – is the name of the first autonomous containership being constructed in China. The construction was launched with a steel cutting ceremony held in mid-May at the Qingdao Shipyard. First Chinese autonomous containership under construction Autonomous container ships (MASS) are seaborne vessels that transport cargo with little or no human …
On the 8th of May, an air freighter carrying over nine metric tons of medical supplies took off from Shijiazhuang Zhengding International Airport in Shijiazhuang, the capital of Hebei province. The following day it arrived at Frankfurt Airport in Germany. Thus, a regular air freight service has commenced between the province and European countries. Check …