Digital Container Shipping Association (DCSA), a neutral, non-profit group established to further digitalisation of container shipping technology standards, in conjunction with its nine-member carriers, published today beta releases of DCSA Standards for the Booking Process 1.0 and the Bill of Lading 2.0. In conjunction with these releases, the company unveiled a website where interested parties… Continue reading DCSA publishes beta releases of booking process and Bill of Lading standards
Category: Shipping
Delivery by sea (bulk or breakbulk) under DPU
Delivery of the goods is “unloaded” by the seller at the destination place, in this case the port of discharge.
Do FCA transactions and Letters of Credit play nicely together?
Assuming we are looking at the normal type of Letters of Credit with the latest shipment date, port/airport of loading, port or airport of destination and requirement to present an onboard B/L or an AWB, then the answer is “NO”.
PODCAST: Bent but not broken? TDM’s John Miller on global trade resilience as we say goodbye to COVID-19, and hello to war in Ukraine
In our latest podcast, TFG’s Deepesh Patel spoke with John Miller, chief economic analyst at Trade Data Monitor (TDM), about the surprising resilience of global trade over the last two years
UK and New Zealand sign ‘most advanced’ post-Brexit free trade deal, unlocking £800m for British economy
The UK and New Zealand have signed a new free trade deal that will remove trade barriers on a huge range of UK goods and services. The deal is expected to increase the value of the two countries’ £2.3 billion trading relationship by 60%, adding £800 million to the UK economy and increasing wages for… Continue reading UK and New Zealand sign ‘most advanced’ post-Brexit free trade deal, unlocking £800m for British economy
Going nuclear: SWIFT ban to hamper Russian trade
The US and its Western allies have ramped up harsh economic sanctions against Russia, as it continues to attack Ukraine
IHS Markit launches all-in-one trade finance solution with TradeSun, uses data, AI to combat crime
IHS Markit, a global provider of shipping and maritime data and analytics, has signed a new trade finance partnership with compliance solutions brand TradeSun. Under the deal, IHS Markit and TradeSun will offer an all-in-one integrated solution that enhances financial crime due diligence and advances digitisation of the overall compliance process. The combined solution connecting… Continue reading IHS Markit launches all-in-one trade finance solution with TradeSun, uses data, AI to combat crime
Freeports: Levelling up UK trade
Freeports are a special kind of air, rail, or seaport, where normal tax and customs rules don’t apply, says John Lucy, director of Liverpool City Region Freeport
German exports up 14% in 2021, but trade surplus falls almost 60% towards end of year
Germany’s exports rose 14% in 2021 compared with 2020, but the country’s trade surplus fell almost 60% towards the end of the year. New data from Germany’s Federal Statistical Office, published today, show that Germany exported €1.37 trillion of goods in 2021. The data also show that Germany imported €1.2 trillion of goods in 2021… Continue reading German exports up 14% in 2021, but trade surplus falls almost 60% towards end of year
COP26: Denmark announces greener shipping declaration signed by US, 12 other countries
An agreement has been reached by Denmark, the US, and 12 other countries on delivering a net-zero global maritime industry by 2050. Led by Denmark, the ‘Declaration on Zero Emission Shipping by 2050’ was announced on the sidelines of the United Nations (UN) Climate Change Summit, COP26, in Glasgow, Scotland this week. The declaration will… Continue reading COP26: Denmark announces greener shipping declaration signed by US, 12 other countries
Covid-19 aftermath – consumer demand shifts, changing supply chains and shipping containers
Eighteen months into the COVID-19 pandemic and shipping bottlenecks are challenging companies to meet demand. The global outlook is uncertain, however, that does not mean doom and gloom, making way for a new thought process.
Podcast: HGV driver shortage, shipping blockages, digital future of freight
Global supply chains have been and continue to be deeply impacted by the changes that have taken place in the last 12 months. From the Suez canal debacle to the current shortage of HGV drivers in the UK, it is fair to say that the industry is, currently, facing significant challenges.
VIDEO: How can we reform the shipping industry to attract young professionals?
Our editor, Deepesh Patel sat down with Zencargo’s Sales Director, Sam Greenhalgh to discuss what changes need to take place to make the shipping industry more attractive to young professionals.
The impact of the M.V. Ever Given incident on traders – New risks on the horizon
The impact of the March 2021 incident of the container ship M.V. Ever Given with around 18,300 containers onboard running aground in the Suez Canal has generated international attention and its consequences will continue to unravel for years to come.
A roadmap to the digital transformation of commercial shipping
TFG heard from Punit Oza, Executive Director at the Singapore Chamber of Maritime Arbitration, who talked about the main pillars that support a transforming organisation in the commercial shipping and freight sector.