Demurrage and Detention has been a bone of contention between shipping lines and customers for several years.. Shipping lines have been charging demurrage and detention costs on containers that the customers do not pick up or turn in on time, a situation that prevents shipping lines from utilising their equipment effectively.. Customers (importers mainly) on …
Incoterms 2020, the 9th version of the Incoterms® rules has been in the making for a while now.. Following its introduction in Incoterms® in 1936, these international commercial (Inco) trade terms were revised in 1957, 1967, 1976, 1980, 1990, 2000 and 2010 to accommodate changes as global trade developed and evolved.. The International Chamber of …
IMO2020 is getting serious commercially.. As everyone may have read, as of January 2020, all ships are required to use fuel with a sulphur content of 0.5% or less on all of the world’s oceans.. It is estimated that 3.9 million barrels a day is used on ships traversing the oceans.. The ship owners have …
Do I need cargo insurance for my shipment..?? Is a question asked by many customers around the world.. Whether they are exporters or importers or traders.. This is a question that has been going for long and is expected to go on longer.. As much as we discuss why cargo insurance and insurers matter, in …
[Durban, South Africa, 31 August 2019] Transnet National Ports Authority’s (TNPA) two new port helicopters, manufactured by Italian global high-tech company, Leonardo, went into service on Saturday, 31 August 2019 at the Ports of Durban and Richards Bay. The acquisition of new helicopters has been a priority for TNPA under the Transnet Market Demand Strategy …
On June 23rd 2016, a 51.9% majority of British voters elected for their country to leave the European Union. This referendum started the nation along a two-year journey to part with the political and economic union encompassing the European continent. As we draw nearer to the now-extended October 31st 2019 deadline, and with newly elected …
Previously I wrote that apart from dealing with digital shipping lines, digital freight forwarders will also need to contend with traditional freight forwarders, not just from a service perspective but from a digital perspective as well. DB Schenker recently joined the ranks of traditional freight forwarders now offering digital solutions with the launch of their …
The Northern Sea Route is a shipping lane situated between the Atlantic Ocean and the Pacific Ocean along the Russian coast of Siberia and Far East.. This route crosses Barents Sea, Kara Sea, Laptev Sea, East Siberian Sea and Chukchi Sea.. Five years ago this route was quite empty between December to May.. But as …
Let me start with a bit of history.. Global trade and globalisation has been around for centuries in various forms across various time lines.. The World Economic Forum classifies the history of globalisation as below.. Silk roads (1st century BC-5th century AD, and 13th-14th centuries AD);Spice routes (7th-15th centuries);Age of Discovery (15th-18th centuries);First wave of …
Maritime Lawyer, Risk Manager, Past President, Past Board Member, Trainer, Litigator, Consultant, Investigator, Executive & Life Coach, Blogger, Photographer, Sportsman, Adventurer, Author…………….. phew, this is all one person that we are talking about – Andrew Pike.. In our latest edition of Executive Insights, Shipping and Freight Resource caught up with Andrew Pike for his insights …