Climate change is affecting the viability of the Panama Canal, a crucial artery for global trade. A prolonged and severe drought during what should have been Panama’s rainy season has significantly lowered the water level of Gatún Lake, the freshwater source essential for operating the canal’s locks. The lake is currently nearly 6 feet below…
Dubai Maritime Authority (DMA) has introduced a noteworthy measure, Administrative Decision No. 2 of 2023, focusing on the transparency of local sea container charges in Dubai. This directive, a product of extensive consultations under the DMA’s formal stakeholder partnership program, signifies a substantial stride in promoting transparency, accountability, and competitiveness within Dubai’s ocean freight shipping…
The Brazil Customs Authority has initiated the implementation of the CCT Aéreo (Cargo and Transit of Foreign Goods for Air Transport) to streamline cargo control for foreign goods transported by air. This rollout of new measures commenced on 20th January 2023 and is going to have a far-reaching effect on the air freight forwarders. Starting…
The Panama Canal, an engineered waterway that links the Atlantic and Pacific Oceans, has served as a critical artery for the container shipping industry for over a century. According to the ACP, it now connects almost 2,000 ports in 170 countries, with the United States, China, and Japan being the top origin and destination countries….
The freight forwarding industry in China is registering steady growth and is projected to register a CAGR of 5.32%. Moreover, the Chinese authorities have implemented a 5-year plan for the further development of independent freight forwarders with a sharp focus on promoting the digital transformation of the transportation and logistics industry. The country which has…
Attending logistics industry events is a fantastic way for independent freight forwarders to meet new people in the sector, reconnect with industry peers and most importantly stay updated with the latest industry trends. Now that the Globalia members are back home after a highly productive in-person conference at Phuket, it is time to gear up…
The capacity crunch in the ocean freight industry during the three years of the pandemic compounded the existing uncertainties and eventually resulted in a perfect storm for shipbuilding markets. All the players in the container shipping sector started ordering more container ships than ever before. As per an estimate by Maritime Strategies International (MSI), with…
The ocean freight industry is currently going through a massive transformation and since the abatement of the pandemic, it is now all focused on dealing with the threat of climate change through the green transition. Moreover, the changes in this sector are also taking place because of other factors such as the introduction of new…
Presently, the air freight industry is dealing with multiple hitches such as grounded planes, trimmed routes, and a decline in demand. In fact, some of the multinational air freight companies are signaling a slackened demand as compared to the times of the pandemic. With less than two months to go until the start of the…
The decreasing water level in the rivers across Europe, because of the ongoing drought triggered by climate change is having far-reaching consequences on the shipping industry. The diminishing water level all over Europe especially in Germany is threatening the riverine transport system. It is also impacting the supply chain of a variety of industries across…