Baltimore Bridge Collapse Costs Wallenius Wilhelmsen Millions

Baltimore Bridge Collapse Costs Wallenius Wilhelmsen Millions

The Baltimore bridge collapse is projected to cost Wallenius Wilhelmsen between $5 and $10 million. The company is actively rerouting cargo to mitigate the impact and ensure the continuity of its customers' supply chains. This proactive approach to risk management aims to minimize disruptions caused by the port interruption and maintain efficient delivery schedules. The incident highlights the importance of robust contingency plans within global supply chains to address unforeseen events and maintain operational resilience.

11/03/2025 Logistics
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LCL Freight Cuts Costs for Global Shipping

LCL Freight Cuts Costs for Global Shipping

This article provides an in-depth analysis of the process, considerations, and cost-saving strategies for LCL (Less than Container Load) shipping in cross-border e-commerce. It guides you on selecting the right freight forwarder, optimizing packaging, and understanding customs clearance policies, helping you avoid common pitfalls and reduce logistics costs to enhance your competitiveness. Furthermore, it explores the future development trends of LCL, including digitalization, specialization, and green initiatives. This guide aims to empower e-commerce businesses to navigate the complexities of LCL shipping effectively.

11/03/2025 Logistics Encyclopedia
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Global Ecommerce Faces Rising Parcel Return Costs

Global Ecommerce Faces Rising Parcel Return Costs

The responsibility for international small packet return shipping fees follows the principle of "source of responsibility," determined by factors like the reason for return, trade terms, and platform regulations. Buyers, sellers, transportation, customs clearance issues, and Incoterms all influence who bears the cost. Clearly defining responsibility, choosing reliable logistics, preserving evidence, and proactive communication are crucial for resolving disputes. The party at fault, whether due to product defect, incorrect shipment, or other issues, is generally responsible for covering the return shipping expenses.

11/03/2025 Logistics Encyclopedia
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Seattle Port Overview and Importance of International Freight Rate Inquiry

Seattle Port Overview and Importance of International Freight Rate Inquiry

The Port of Seattle is a crucial hub for international trade, with its infrastructure and operational efficiency significantly affecting shipping. The port's monitoring systems ensure smooth operations, while Terminal 91 offers various water transportation services. Therefore, inquiring about shipping fees is essential for businesses to obtain suitable quotes, which in turn promotes the growth of international trade.

07/18/2025 Port Encyclopedia
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VAT Promotes Fair Trade in Global Commerce

VAT Promotes Fair Trade in Global Commerce

This article explores how Value Added Tax (VAT) serves as a facilitator of fair competition in international trade, distinguishing it from tariffs. VAT achieves tax neutrality through a multi-stage payment mechanism, providing equal opportunities for all businesses, ensuring that goods are taxed in the consuming country rather than the producing country, thereby promoting growth in international trade.

08/05/2025 Customs Knowledge
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Hidden Costs in FCL Shipping Drive Up Logistics Expenses

Hidden Costs in FCL Shipping Drive Up Logistics Expenses

This article provides an in-depth analysis of the cost structure involved in the 'door-to-port' process of full container shipping for cross-border logistics. It covers various fees, including pickup fees, inland transportation fees, storage fees, loading fees, and shipping costs. The aim is to help businesses identify and optimize these expenses, control logistics costs, and enhance their competitiveness in global trade.

08/05/2025 Logistics Encyclopedia
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Guide to DDU Bills of Lading and Freight Forwarding Explained

Guide to DDU Bills of Lading and Freight Forwarding Explained

This article provides a detailed interpretation of common terms and operational procedures in international trade, including the responsibilities under DDU, the difference between prepaid and collect sea waybills, identification of genuine containers, key considerations for LCL cargo, types of freight forwarders, and the importance of cargo tracking. It aims to offer practical guidance for professionals engaged in international trade. The focus is on providing clear explanations and actionable insights to improve understanding and efficiency in daily operations within the global trade landscape.

08/21/2025 Logistics Encyclopedia
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Global Trade Relies on Accurate Commercial Invoices for Customs

Global Trade Relies on Accurate Commercial Invoices for Customs

This article elaborates on the significance of commercial invoices in international trade and outlines the essential elements, including invoice header, buyer and seller information, goods description, origin, trade terms, shipping details, payment method, and declaration with signature. It also provides a sample commercial invoice for reference, aiming to help readers avoid customs clearance delays caused by invoice issues and improve trade efficiency. Understanding these elements is crucial for smooth international transactions and minimizing potential complications during the import/export process.

11/03/2025 Document Interpretation
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Shipping Rates Jump As Trade War Sparks Route Shifts

Shipping Rates Jump As Trade War Sparks Route Shifts

The international shipping market is affected by the trade war, leading to a short-term increase in freight rates. Shipping companies are adjusting routes to mitigate risks. Businesses need to closely monitor policies, diversify procurement sources, optimize supply chains, and strengthen risk management to adapt to market changes. The trade war introduces volatility and uncertainty, requiring proactive strategies for businesses involved in international trade and shipping to navigate the evolving landscape and minimize potential negative impacts on their operations and profitability.

11/03/2025 Logistics Industry Insights
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