Shanghai has been locked down for just over half a month, initially just the east side of the city for four days followed by the west side. Eventually this proved ineffective in the authorities efforts to contain the corona virus, so the government closed the entire city indefinitely. This has had a knock on to…
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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…
Roughly 2.5 million goods vehicles use the port of Dover each year. But with P&O cancelling sailings and making 800 staff redundant abruptly, what happens to the thousands of vehicles waiting to cross the Channel? Cancelling Ferry Services On 17th March, P&O made an announcement that they’d be making 800 of their staff redundant and…
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…
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…