For importers, the journey of goods doesn't conclude upon reaching the port. The process of safely unloading cargo from shipping containers, known as container devanning, is a crucial step in the logistics chain. Efficient devanning ensures the integrity of your products, timely delivery, and a streamlined supply chain. In this blog post, we'll explore the…
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Utilising a freight forwarding agent for Duty and Value Added Tax (VAT) payments to Her Majesty's Revenue and Customs (HMRC) can provide several benefits for businesses engaged in international trade. Here are some key reasons highlighting the importance of using a freight forwarding agent for Duty and VAT payments: Expertise in Customs Regulations: Customs regulations…
Acquiring marine insurance is a prudent and essential decision for various stakeholders in the maritime industry, including shipowners, operators, and cargo transporters. The rationale behind obtaining marine insurance is multifaceted and encompasses several compelling reasons: Risk Mitigation:The maritime environment is inherently unpredictable, with a myriad of potential risks such as accidents, collisions, piracy, natural disasters,…
Reducing the carbon footprint associated with exporting goods abroad is not only environmentally responsible but can also contribute to cost savings and improved corporate sustainability. Here aresome tips to help businesses minimize their carbon impact in the process of exporting goods: Optimise Transportation Modes: Choose transportation modes that are more energy-efficient and have lower carbon…
As we step into the new year, it's pivotal to assess the anticipated trends that will shape the shipping industry throughout 2024, so here are our shipping industry predictions. From advancements in technology to sustainability initiatives, we look at the evidence-based projections that are expected to influence the shipping landscape in the coming year. Sustainable…
The Red Sea has long been a vital artery for global trade, connecting the Mediterranean Sea to the Indian Ocean and facilitating the movement of goods between Europe, Asia, and Africa. However, recent events involving Houthi rebel attacks in the region have sent shockwaves through the maritime industry, causing significant disruptions to ocean freight services…
The EU ETS is a cornerstone of the EU's policy to combat climate change and its key tool for reducing greenhouse gas emissions cost-effectively. It is the world's first major carbon market and remains the biggest one. It is an emission cap-and-trade system designed to curtail carbon emissions within the European Union. It sets a…
Israel’s air cargo and marine gateways for trade are functioning under signs of strains as the country’s war against Hamas continues. The backlog of ships is growing at Israeli ports while operations continue at most terminals amid preparations by the military to launch a ground assault in the Hamas-controlled Gaza Strip. Ashdod port has imposed…
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…