At the start of the new year, Indonesia banned exports of coal as the coal inventories of the country dropped to an all-time low. The country that was so far the world’s biggest coal exporter has put a ban on the exports of all types of coal to avoid a power crisis. In today’s post,…
Freight forwarders who regularly send out sea freight shipments are surely aware of the much-dreaded demurrage and detention charges. Demurrage and detention fees were introduced as compensation to the equipment and container owners for the use of their warehouses, container yards, freight stations and containers. These fees act as an incentive for the shipping companies…
The immediate aftermath of Britain’s departure from the European Union has resulted in unprecedented hardships for the transportation and logistics industry in both the UK and the EU. As 2021 has come to an end the full impact of Brexit on transportation and logistics is becoming apparent. As the industry started to recuperate from the effects…
As the peak shipping season draws near, the spot rates for Asia to Europe have increased by a whopping 30%. The shutdown of the Yantian Port in the second quarter of this year followed by the Coronavirus outbreak at the Ningbo Port in China witnessed massive disruption and capacity losses. The repercussion of the disruptions…
One of the latest concerns of the global container shipping industry is the problem of disappearing Chinese ships. Although it might sound odd, several vessels in Chinese seas recently disappeared from the tracking systems. This has been happening since the Chinese government introduced a new data law. Keep reading today’s blog to learn about the…
Ever since the container crisis and the hike in ocean freight rates, the transportation and logistics industry has become increasingly dependent on air freight services. As the Christmas season draws near, manufacturers, suppliers, and freight forwarders are trying to get their items moved via air freight. The air freight industry is trying to recover from…
The Coop’s 2nd Virtual Meeting that registered a record attendance has been successfully concluded. However, now that the most important part is over, it is time to think of an effective meeting follow-up strategy that will allow you to start working on the upcoming projects. Talking one-to-one with your business partners definitely constitutes the first…
After centuries of dependence on manual processes, the container shipping industry is finally riding the digital wave. Although the freight forwarding industry has been quickly adopting digital trends, one sector that is relatively backward in this regard is the sea freight shipping sector. However, in the past few years, the container shipping sector is resorting…
Kannur International Airport (KIAL) in Kerala started its operations less than 3 years back, is quickly transforming into an important cargo handling hub in India. It lies 28 km from Kannur town and serves several regions in the districts of Kerala, Karnataka, and Pondicherry, India. Within the first nine months since its opening, this airport…
Business owners across all sectors require a form of accreditation that attests to their reliability and authenticity. The AEO or Authorized Economic Operator is one such certification that recognizes the authority and reliability of logistics companies. Receiving this certificate endows independent freight forwarders with a broad spectrum of conveniences and advantages. Keep reading today’s post…