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5 Things to Know Before Negotiating Ocean Shipping Contracts This Year

Talking Logistics

The 2018-19 contract season for ocean shipping is here, and it’s time to think about the best way to approach negotiations. Ocean Shipping Contracts: 5 Factors to Keep in Mind. Still, if you had ocean freight in 2016, the memory of the bankruptcy of the Hanjin shipping line may linger in your mind. Why does this matter?

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This Week in Logistics News (July 20 – 26)

Logistics Viewpoints

The canal is a key source of revenue for the government of Egypt, and it is one of the country’s top earners of foreign currency. Current traffic levels are less encouraging, and suggest that FY 2024/25 numbers will be even lower unless the security situation improves. Secretary of Transportation Pete Buttigieg broke ground on a $1.6

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12 Freight Charges and Freight Fees: A Guide to Common Freight Shipping Costs, Charges, and Fees

Intelligent Audit

And they form the basis of the two most crucial shipping documents, says the Balance SMB. Here are some of the most common costs, charges, and fees shipping managers need to keep top of mind. Cargo Insurance. Currency Adjustment Factor. Of all these, freight fee considerations are among the important but most overlooked.

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Blockchain and Why a Freight Shipper Should Care

Freightera

Blockchain Has Meaningful Impact on Finance as well as Freight Shipping: Heres the How and the Why What Even Is Blockchain? Transparency and Efficiency Freight shipping involves multiple parties at every step of the process. Cross-Border Shipping & Customs Cross-border shipments are often bottlenecked at customs.

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How We Can Leverage Blockchain to Increase Transparency in Supply Chains

EcoVadis

Blockchain, the innovative technology that powers the digital currency market, has gained prominence since the introduction of the cryptocurrency bitcoin in 2008. Maersk, a Danish shipping company, is testing blockchain to improve the administrative procedures and efficiency of marine shipping.

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Blockchain and Supply Chain are Becoming Inextricably Tied

Enterra Insights

Blockchain has the potential to help enable us to manage and track a ‘digital twin’ of shipping containers across the world.”[2] … Imagine if we could digitize the process to collaborate across companies and authorities, reduce the paperwork, streamline cross boarder movements, and reduce fraud and errors. .

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Freeports: The 2022 Guide

Unleashed

Freeports are government designated zones usually located around shipping ports and/or airports. Jebel Ali Port is the world’s largest fabricated port, and is serviced by over 100 shipping lines. Currency exchange, tax benefits and incentives offered by free trade zones can cultivate innovation, investment, and business confidence.