Last year, the International Maritime Organization (IMO) announced its amendments to the Safety of Life at Sea (SOLAS) convention, which requires shippers to provide verified gross mass (VGM) to carriers either through physically weighing a laden container or by adding weight of the cargo (including pallet, dunnage and packaging weight) to the tare weight of… Read More
The Trans-Pacific Partnership (TPP), one of the most ambitious free trade agreements ever signed, has both its supporters and opponents. The deal involves 12 countries: the United States, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru. The pact aims to deepen economic ties between these nations, slashing tariffs, and fostering… Read More
The Transported Asset Protection Association’s (TAPA) Incident Information Service (IIS) released figures indicating that the reporting of cargo crime in the Europe, Middle East & Africa (EMEA) region reached a five-year high in 2015. Data shows that 1,515 recorded freight thefts were reported, which represents a 37.4% increase year-on-year. According to TAPA, the 2015 data… Read More
U.S. and European Union sanctions on Tehran were eased and lifted in January, restoring Iran’s access to world’s markets. Under the agreement, Iran is obligated to take steps to put it further away from developing a nuclear weapon while keeping a peaceful nuclear energy program. In return, Iran will be able to sell its oil… Read More
U.S. air-safety regulators, accident investigators and pilot-union leaders are renewing their warnings regarding the hazards of shipping lithium batteries as air cargo. There’s a growing consensus that packaging and stowage safeguards for such bulk shipments are inadequate—requiring major changes in how the power cells are transported in cargo and passenger planes. In fact, there are… Read More
Reports coming out in the trade indicate that U.S. Gulf ports – from Florida to Texas – are experiencing increased import volumes of steel and project cargoes. This strong flow of project cargo is as a result of better economic conditions and a strong dollar, according to an article in the Journal of Commerce (JOC).