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)…
The replacement for CHIEF has already experienced delays in the switchover, and was expected to finally come into force in January, however this has now been pushed back to November to allow for more testing. It could also mean that in reality it could be at least into 2024. There have been reports of multiple…
BCOs and forwarders can now negotiate collectively to buy zero emission scalable fuels, following the launch of a scheme at Cop (ZEMBA), within the ‘Roadmap to 2040’ for Zero Emission Vessels (coZEV). The ‘Roadmap’ presents new action areas for cargo owners seeking to accelerate deployment of zero emission shipping, engage in maritime decarbonization policy, and…
Egypt are hosting the 27th session of the Conference of the Parties of the UNFCCC (COP 27) this month, tackling the global challenge of climate change. The UN says progress on cutting the emissions that cause global warming has been "woefully inadequate" since COP26. The planet has already warmed 1.1C since pre-industrial times and scientists…