Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale Predicts Global Seaborne Iron Ore Demand Will Reach 1.4 Billion Tons Next Year

Vale predicts that global seaborne iron ore demand will reach 1.35 to 1.4 billion tons this year, as future new supply is limited, with prices expected around $50 per ton. Recently, due to declining steel demand in China, spot iron ore prices have fallen below $40, reaching a ten-year low. Despite pressure on global iron ore supply, increasing demand outside of China may offset this. Additionally, the reduction in new supply is one of the key factors.

12/30/2023 Logistics
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Transformative Potential of Blockchain in the Logistics Industry

Transformative Potential of Blockchain in the Logistics Industry

This article explores how blockchain technology enhances the transparency and efficiency of the logistics industry through a decentralized digital ledger. Despite its immense potential in the market, blockchain is still in the early stages of development with limited practical applications. While it garners interest from academia and the innovation sector, participation from the business realm remains insufficient. To drive large-scale adoption, more business-related cases are needed to promote the transformation and growth of the logistics sector.

07/22/2025 Logistics
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Future Shipping Network: Reshaping East-west Trade Dynamics

Future Shipping Network: Reshaping East-west Trade Dynamics

The East-West Shipping Network Initiative aims to enhance the reliability and efficiency of global trade transportation by reducing the number of ports along major shipping routes, optimizing shipping services, and introducing flexible regional shipping lines. Set to officially operate in February 2025, the initiative will effectively strengthen the resilience and responsiveness of supply chains.

01/30/2025 Logistics
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Philippines Streamlines Cargo Clearance to Boost Trade Efficiency

Philippines Streamlines Cargo Clearance to Boost Trade Efficiency

The Philippines will launch a National Time Release Study (TRS) in 2025 to enhance the efficiency of customs clearance for maritime imports and exports. Spanning two weeks, the study will focus on the Manila International Container Port and has received support from the World Customs Organization and HM Revenue and Customs of the UK. The final report is expected to be completed by the end of the year, providing a basis for subsequent reforms aimed at promoting trade facilitation and enhancing national competitiveness.

07/28/2025 Logistics
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Roro Ships Transform Oversized Cargo Shipping Globally

Roro Ships Transform Oversized Cargo Shipping Globally

Ro-Ro (Roll-on/Roll-off) ships are specialized vessels designed for loading and unloading cargo directly via vehicles. They offer advantages such as versatility, high loading/unloading efficiency, and adaptability, making them suitable for vehicles, large equipment, and project logistics. Despite limitations like lower cargo space utilization and higher construction costs, Ro-Ro ships remain an indispensable and significant component of international maritime transport. They play a vital role in facilitating the efficient movement of various types of cargo across the globe.

09/29/2025 Logistics Encyclopedia
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Gabs Port Expands to Enhance Tunisias Trade Capacity

Gabs Port Expands to Enhance Tunisias Trade Capacity

Gabès Port is a significant maritime hub in eastern Tunisia, boasting a strategic location and well-developed port facilities. This article details the port's geographical position, hydro-meteorological conditions, entry requirements, berthing facilities, and future expansion plans. It highlights the port's crucial role in regional trade and its potential for further development. Gabès port serves as a vital gateway for goods and contributes significantly to the economic activity of the region. Its ongoing development ensures its continued importance in the future.

09/29/2025 Port Encyclopedia
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Key Tips to Avoid Shipping Errors in Bill of Lading

Key Tips to Avoid Shipping Errors in Bill of Lading

This paper provides an in-depth analysis of the front and back of an ocean bill of lading, covering mandatory information, optional information, common clauses, and endorsements. It aims to help readers comprehensively understand the bill of lading, mitigate maritime risks, and ensure cargo safety in international trade. By examining the key elements and potential pitfalls associated with ocean bills of lading, this research offers practical insights for businesses involved in global shipping and seeks to improve their risk management strategies.

09/26/2025 Document Interpretation
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Maersk VGM Declarations A Guide for Compliant Shipping

Maersk VGM Declarations A Guide for Compliant Shipping

This article provides a detailed guide on declaring Verified Gross Mass (VGM) through the Maersk platform. It covers the definition and importance of VGM, the declaration steps, authorized personnel for declaration, weighing methods, and frequently asked questions. The aim is to help users ensure their cargo complies with the International Maritime Organization's SOLAS convention, avoiding delays or legal liabilities arising from VGM issues. It outlines the process to properly submit VGM information via Maersk to ensure smooth and compliant cargo transportation.

09/28/2025 Logistics Encyclopedia
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Maersk Simplifies VGM Submission for Container Shipping

Maersk Simplifies VGM Submission for Container Shipping

This article provides a detailed guide on declaring Verified Gross Mass (VGM) for containers on the Maersk platform, covering the process, permissions, key considerations, and potential consequences. Accurate VGM declaration is crucial for ensuring maritime safety, avoiding legal liabilities, and preventing financial losses. This guide helps users understand how to conveniently submit VGM through the Maersk platform, ensuring the safe and efficient transportation of goods. It emphasizes the importance of compliance and the steps to take for a smooth VGM submission process.

09/28/2025 Logistics Encyclopedia
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Guide Simplifies VGM Submission for Shipping Industry

Guide Simplifies VGM Submission for Shipping Industry

This article details how to conveniently submit VGM (Verified Gross Mass) information through an online platform, ensuring cargo transportation complies with International Maritime Organization safety regulations. It provides clear operational guidelines, clarifies the qualifications of VGM submitters, and offers links to further VGM-related information. The aim is to help customers simplify the process, reduce risks, and achieve efficient and safe cargo transportation. The platform streamlines VGM submission, making it easier for shippers to meet requirements and avoid potential delays or penalties.

09/28/2025 Logistics Encyclopedia
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