Drought conditions can have significant impacts on the operations of the Panama Canal, which is a vital maritime route connecting the Atlantic and Pacific Oceans. The Panama Canal relies on a system of locks and a network of artificial lakes and reservoirs, the largest of which is Gatun Lake, to facilitate the passage of ships.…
The EU’s Carbon Border Adjustment Mechanism (CBAM) will put a fair price on the carbon emitted during the production of carbon intensive goods that are entering the EU, and encourage cleaner industrial production in non-EU countries. The gradual introduction of the CBAM is aligned with the phase-out of the allocation of free allowances under the…
Methanol has been considered as a potential clean fuel for the shipping industry due to its lower emissions compared to traditional marine fuels. It is a type of alcohol with the chemical formula CH3OH and can be produced from a variety of sources, including natural gas, biomass, and carbon dioxide (CO2) captured from industrial processes.…
While the EU is one of the UK’s closest partners and has a large consumer market, exporting to EU countries in recent years have presented a number of unique challenges. We’ve tried to outline some of these that UK exporters will encounter in the following article. Customs and Import Regulations: While every country has its…
According to some research conducted by Drewry, the smart container fleet is expected to grow six-fold over the next five years. The fleet is projected to increase from 300,000 twenty-foot equivalent units (TEUs) in 2020 to 1.9 million TEUs by 2026. This represents a substantial growth rate for smart container adoption. Several factors are contributing…
In a remarkable development for the transportation industry, the bustling port town of Felixstowe is about to witness a transformative change. Robot truck fleets, equipped with cutting-edge autonomous technology, are set to revolutionise the logistics landscape and pave the way for a new era in shipping. With Felixstowe being one of the busiest ports in…
The digitisation of the shipping industry involves the integration of digital technology into various aspects of the shipping process, including cargo tracking, vessel operations, and supply chain management. The goal of digitisation is to increase efficiency, reduce costs, and improve transparency and visibility across the supply chain. One of the main drivers of digitisation in…
HM Revenue and Customs (HMRC) has launched an advance valuation ruling (AVR) service, which provides importers with certainty over the customs value of their goods before they arrive in the UK. From 27 April 2023, traders can apply online for an advanced valuation ruling. The AVR service allows importers to apply for a legally binding…
Exporting goods to the USA can be a lucrative opportunity for businesses looking to expand their reach. Here are some steps to help you export goods to the USA: Identify the product and target market: Start by identifying the product you want to export and the target market in the USA. Research the demand and…
Britain has secured an agreement to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade agreement between 11 countries in the Indo-Pacific region. This move marks a significant shift in the country's post-Brexit trade strategy, as it seeks to diversify its trading partners beyond the European Union. The CPTPP includes some…
