Customs bond is an agreement relating to a specific transaction between an importer and a customs office. Under U. S. customs regulations, customs bond is a requirement for export to the U.S. A customs bond is a financial guarantee between the guaranteeing company that submits the declaration, the importer, and Customs Border Protection (CBP). The …
From January 1st 2020, vessels are only allowed to use fuel with a maximum sulfur content of 0.5%. In addition, the International Maritime Organization (IMO) has settled a target of 40% emissions reduction by 2030. Hapag-Lloyd and Maersk are close to reaching the goal ahead of time. Check how Hapag-Lloyd and Maersk take on IMO’s …
Liege International Airport is located in Grâce-Hollogne, 9 km from the capital city of the province of Liege with the same name in Belgium. It is the second biggest airport in Belgium and the 7th biggest cargo airport in Europe. Liege Airport The airport is identified by the IATA airport code LGG. The first terminal …
The Japanese shipyard Tsuneishi Shipbuilding has gain orders for a new type of bulk carrier with a capacity of 88 thousand tonnes. Details of the ordering part, as well as the transaction itself, including the number of vessels and delivery times, have not been disclosed. Due to the coronavirus and the very difficult situation on …
The coronavirus and restrictions implemented to fight with the pandemic have affected many industries. It has disturbed the supply chain, forcing a part of the transportation of goods to halt. As the COVID-19 subsides in China, many businesses have resumed work. Even Wuhan, considered to be the epicenter of the coronavirus, has reconnected with the …
When discussing the shipping industry, South America is often overlooked. This is mainly because none of the ports in South America are on the list of the top 20 ports in the world. However, routes to and from South America account for 15% of total commercial services. Also, there is the Panama Canal, which connects …
The Yangshan Port, which is at the heart of the New Silk Road, is the busiest container port in the world. It is also a key element of the Belt and Road Initiative, handling cargo of the largest container ships that exist in the world. The port has the largest automated container terminal, setting a …
The pandemic has brought significant changes in the global shipping industry. The Federal Maritime Commission (FMC) decides to deal with problems and announced that they would create a supply chain innovation team. This will help with the ocean shipping challenges related to the COVID-19 outbreak. What is The Federal Maritime Commission? FMC is an independent …
While the rest of the world maintains coronavirus-related restrictions, China is gradually lifting them. Many factories have already resumed work, hoping to return to the pre-pandemic production level. Chinese shipyards especially find themselves in a difficult situation. To attract more orders, Chinese shipyards are slashing prices on new ships. Chinese shipyards slash prices on new …
COVID-19 is taking its toll all over the world. CMA CGM Group, one of the world leaders in maritime transport, has joined forces with its subsidiary company CEVA Logistics AG to fight the coronavirus pandemic. Their logistical bridge enables fast transport of medical goods from China to France for those in need. However, the enterprises …