Global Container Shipping Rates Surge Amid Rising Demand

Global Container Shipping Rates Surge Amid Rising Demand

GRI (General Rate Increase) is a pricing adjustment mechanism used by ocean shipping companies that must be announced 30 days in advance according to U.S. regulations. The amount and implementation of GRI vary with market changes, significantly impacting transportation costs for businesses. Understanding the GRI mechanism can help companies better manage their shipping expenses.

FCL Shipping Gains Efficiency with Drop Delivery Model

FCL Shipping Gains Efficiency with Drop Delivery Model

This article explores the Drop delivery model for FCL (Full Container Load) shipments, emphasizing its flexibility and efficiency during prolonged unloading wait times. By alleviating warehouse pressure and reducing costs, the Drop model offers a viable solution for businesses in modern logistics, helping to enhance overall supply chain management.

Prepull Shipping Cuts Demurrage Costs for FCL Cargo

Prepull Shipping Cuts Demurrage Costs for FCL Cargo

Pre-pull transportation is a method of retrieving FCL goods from the port in advance and storing them in the carrier's warehouse, aimed at avoiding demurrage fees and increasing delivery flexibility. With this service, customers can ensure the safety of their goods while reasonably arranging delivery times, thereby reducing transportation costs.

Bulk Cargo Shipping Key Concepts in Noncontainerized Trade

Bulk Cargo Shipping Key Concepts in Noncontainerized Trade

Bulk cargo refers to independent goods that cannot fit into standard containers and require various transportation methods, often involving longer handling times. Unlike regular bulk, these goods need to be loaded and unloaded separately using specialized equipment. They are crucial in the construction and manufacturing industries, but their transportation is complex and can lead to increased costs.

US Federal Maritime Commission Shapes Key Shipping Regulations

US Federal Maritime Commission Shapes Key Shipping Regulations

This article explores the key role of the Federal Maritime Commission (FMC) in maritime regulations, analyzing its importance in maintaining fair competition in the shipping market, protecting consumer rights, and promoting transaction transparency. Additionally, it introduces the fundamental differences and practical implications of FMC regulation concerning VOCCs and NVOCCs.