International shipping congestion at ports in Europe and Latin America continues to worsen. The CEO of Hapag-Lloyd noted that labor disputes in Rotterdam and Antwerp are causing delays, while strong performance in the Brazilian market is exacerbating congestion at South American ports. Cargo owners and freight forwarders need to be aware of this trend and actively plan their logistics strategies.
The merger between global shipping giants China COSCO Shipping Group and China Shipping is gaining approval and may reshape the shipping market landscape. Meanwhile, France's CMA CGM is planning to acquire Neptune Orient Lines, seeking regulatory approval. As the dynamics among the four major shipping alliances change, market competition is expected to intensify, especially on Asia-Europe routes. Overall, the shipping industry remains in a downturn, and the outlook is not optimistic.
South Korea has established a $1.2 billion shipping fund to support the recovery of its shipping companies, emphasizing the need to control debt ratios. The relevant legislation must be approved by the National Assembly.
COSCO Shipping and China Shipping are expected to receive merger approval by January, officially forming "China Ocean Shipping Group Co., Ltd." This merger will create the world's fourth-largest container shipping company. The complexity of the merger involves integrating overlapping departments and maintaining employee stability, with a total deal value potentially exceeding $20 billion. This merger will reshape the shipping markets of China and the world.
Verified Gross Mass (VGM) refers to the total weight of cargo including its packaging and container, playing a crucial role in ensuring cargo safety. Shippers must provide accurate VGM as required by SOLAS, using either weighing methods or component weighing methods to avoid loading delays and safety risks. Accurate VGM not only protects the interests of shippers but also upholds the overall safety of the shipping industry.
An analysis of commonly used acronyms in the maritime industry helps enhance communication efficiency and build a professional image, facilitating smoother business operations.
This article explores various surcharges in the shipping process, including fuel surcharges and currency depreciation surcharges. These additional fees vary based on market conditions, port status, and cargo characteristics. Understanding their definitions and background aids in optimizing shipping costs and decision-making.
The determination of container shipping prices is influenced by several factors, including the nature, quantity, and loading rate of the cargo. Additionally, seasonal variations, fluctuations in fuel prices, and the pricing strategies of different shipping companies are also significant factors. Understanding these market-derived variables can help consumers better comprehend and control container shipping costs.
This article discusses the various documents required for the maritime export of hexamethyldisiloxane. It covers essential paperwork for booking, customs declaration, and emergency reporting, including booking letters, dangerous goods declarations, and material safety data sheets, ensuring compliance and smooth export operations.
Reveel's "2025 Smart Package Transportation Report" highlights that top logistics teams leverage data analysis and automation to optimize package spending through revenue tracking, transparency in additional fees, and SKU-level insights. In the face of rising costs, these strategies provide a competitive advantage.
