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…
Turkey is situated at the crossroads of Europe and Asia, making it a natural bridge between the two continents. This strategic location allows access to markets in both Europe and Asia, making it an ideal hub for trade. It has a population of over 82 million people, making it one of the largest markets in…
Importing a shipping container from China can seem like a daunting task, but with some preparation and research, it can be a relatively straightforward process. Here are some steps to help you: Research the product and suppliers: Before you start importing, research the product you want to import and the suppliers in China. Look for…
The Transpacific Maritime (TPM) conference is a prominent annual event that brings together industry experts, executives, and stakeholders in the maritime and logistics sectors. The conference is typically held in Long Beach, California, which is home to one of the busiest ports in the world. One of the key themes that has emerged in recent…
Container shipping has long been one of the most important industries in the global economy, facilitating the movement of goods across continents and connecting businesses around the world. Over the years, the industry has undergone significant changes, with new technologies and processes transforming the way shipping companies operate. One such change is the move towards…
January 24, 2023 /
They have published a new document discussing why the concentration in the origins of traded products is widespread, prompting questions about whether to diversify or decouple. This in turn means that trade patterns are expected to change, as recent economic and geo-political shocks have exposed weaknesses in supply chains. Their main points are: No region…
From November 2022 new frameworks have come in which require ships to improve their energy efficiency in the short term, reducing their greenhouse gas emissions in the longer term and lowering their carbon intensity. From 1 January 2023 it will be mandatory for all ships to calculate their attained Energy Efficiency Existing Ship Index (EEXI)…