Almost every traded good in existence has sailed the high seas. The constant flow of products across oceans is necessary for meeting growing consumer demand. However, global shipping is also a significant driver of climate change, emitting more greenhouse gases than most countries.
Celsius Tankers (“Celsius”) is strengthening its existing partnership with independent LNG trading company, Gunvor Group Ltd (“Gunvor”), with the charter of four high-efficiency, modern LNG carriers. These carriers, set to… read more →
The U.S. trade deficit in goods narrowed in May as imports declined, but the improvement was probably insufficient to prevent trade from being a drag on economic growth in the… read more →
In preparation for the upcoming International Maritime Organization (IMO) meeting, a Paris summit convened by the French presidency has garnered support from over 20 countries and regional organisations for a… read more →
UK Export Finance (UKEF) announced that they will provide £5 million in support for a Wirral-based specialist manufacturer of boats serving search and rescue, defence, and security sectors. Marine Specialised… read more →
Breach detection is the very essence of EyeSeal. Its standout characteristic lies in its internal installation of the device within shipping containers, delivering a significant edge over externally mounted devices that are susceptible to tampering.
Today, EyeSeal Inc., along with PROSS and Tempest, their global distribution partners, announced that EyeSeal’s cargo breach detection device and EyeTrack application have successfully completed Gateway2Britain digital trade pilot. EyeSeal… read more →
China experienced a 7.5% decline in exports in May compared to the previous year, while imports were down by 4.5%, signalling a deceleration in the economic recovery post the lifting… read more →
In response to the challenges posed by the COVID-19 pandemic and the recent crisis in Ukraine, the World Trade Organization (WTO) has introduced the Global Trade Data Portal. This initiative… read more →
The manufacturing and shipping industries tally up some of the highest, more impactful numbers to the atmosphere’s degradation, adding to an already-intense climate crisis.
The latest reading of the barometer index indicates positive growth, with a rise from 92.2 in March to 95.6. However, it remains below the baseline value of 100, indicating a… read more →
The Brainy Insights, a market intelligence firm, has projected that the global invoice factoring market, valued at $2.74 trillion in 2022, is set to surge to a whopping $6 trillion… read more →
To successfully digitalise Bills of Lading, the three necessary foundations are law, standards and technology. Without their proper application, any eBL SaaS platform, notwithstanding the attractiveness of the business model, is unstable.
In international trade, shipping containers are vital for transporting goods safely and securely. To use them, however, many shipping lines require traders to put down deposits – known as container deposits – to safeguard against possible liabilities such as damage, demurrage, or total loss of the container.
As the global demand for shipping continues to rise, the imperative for the industry to embrace sustainability becomes increasingly urgent to mitigate its environmental impact and contribute to a greener… read more →