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 …
Recently, we have written about lowered rates in Chinese shipyards on ships, as the shipbuilders struggle to stay in business. This time, the Dutch shipyards are going through hard times. Two private shipyard groups from the Netherlands have suffered the biggest losses for many years – Damen and Royal IHC. Damen Damen Shipyard Group owns …
The Belt & Road Initiative (BRI) is considered the most extensive infrastructure and investment project in history. The Chinese initiative of the New Silk Road involves the construction of new and development of existing transport routes from China to Europe and other continents. Therefore, in the past few years, China-Europe connectivity has raised significantly, as …
International trade requires filling out many, sometimes quite complicated paperwork. Various documents are required for customs clearance alone. The commercial invoice is one of them. An importer must ensure that the sender issues this type of invoice. Customs cannot clear imported goods without the commercial invoice. Commercial Invoice (CI) A commercial invoice, CI for short, …
The highly competitive transport market keeps developing rapidly, putting forward more and more interesting options. Shipping goods from the Far East is usually associated with the sea or air freight. However, a new attractive alternative appeared in the last decade, which is fast rail freight. It is now possible to transport goods by train to …
The aircraft industry suffers a huge blow due to COVID-19 and pandemic-related restrictions. Currently, it has to recover from the effects of a ninety-five percent drop in air traffic. Boeing has announced that it formed a new group to help to restore the company’s production and supply chain operations to a pre-pandemic level. Boeing amid …
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 …
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 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 …