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It’s only been just over a year since the Ever Given, a giant 20,000 TEU (Twenty-Foot Equivalent Unit) capacity container ship, ran aground in the Suez canal causing trade chaos for a week until it was freed. And now another of Evergreen’s massive, albeit half the size of the Ever Given, has run aground in…
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The shipping industry was already suffering before the current economic sanctions imposed on Russia for their invasion of Ukraine, due to Brexit and COVID-19. The industry has been facing a shortage of vessels and containers when the sanctions meant an increase in the prices. In less than a fortnight, shipping rates have risen tenfold for…
Due to the COVID-19 pandemic, HGV truckers have been under pressure like never before. Smart technology could help to prevent injury and death in the industry and keep supply chains moving. Driving HGVs requires concentration, skill, and training, especially in built-up and urban areas. According to the UN, every 24 seconds a person is killed…
The modern world is heavily reliant on Lithium batteries, they are essential for powering almost everything we use, from mobile phones to electric cars. Compared to traditional batteries they’re smaller, have low discharge rates, fast recharge times and can have up to 25 times the energy density compared to the type of battery you’d normally…
There are three main types of marine insurance, ship or hull insurance, cargo insurance and freight insurance. There are many benefits to purchasing marine insurance, especially when dealing with goods. What is it? Marine insurance provides coverage against any losses that can occur from unforeseen events while at sea. Marine insurance can provide cover for…
Air freight and sea freight both produce a huge carbon footprint. In the last couple of decades, the amount of greenhouse gas produced by international aviation has doubled. The amount of greenhouse gas produced from shipping has also increased. Aviation and shipping are the two fastest growing sources of emissions that play a role in…
Disasters at sea that are caused by shipping dangerous goods can be extremely harmful to marine life and to the eco-system. These disasters can sometimes take up to years to recover from. The Sri Lankan disaster from May of 2021 is a prime example of how damaging the leakage of dangerous goods at sea can…
1. Get an Economic Operator Registration and Identification number (EORI) Any businesses who wish to be exporting to Europe, would need to apply for a EORI number. An EORI is needed for any goods that are being moved from the UK and any other country (including Europe). An EORI number is also needed for any…
1. Get the tariff codes right A tariff code is used in the UK and can also be known as a commodity code, or a Harmonized System (HS) code and is usually 6 digits long. This code is used to classify goods. It is worth noting that this code is different from the one that…
Currently, there are many delays within the shipping industry. These delays are likely to affect Christmas this year as the delays, especially at ports, mean that items and goods and shipping containers are taking far longer to reach their destinations than they would usually. This could mean that some people may be in for a…