Incoterms 2010 – DAT and DAP
The International Chamber of Commerce (ICC) has announced the launch of the new rule changes to Incoterms® 2010 which will be kicked off during a September event in Paris. The official implementation of the new rules are scheduled to take place during January of 2011. On September 27th - 29th, the ICC will hold a series of practical masterclasses on the Incoterms® 2010 rules and provide a detailed presentation of the new rule changes that will be incorporated into the new Incoterms® 2010. This revision, the first since 2000, will aim to adapt changes that have occured in global ...
May Containerized Import Data Update – Zepol.com
On June 5th, we completed the data for May in our U.S. Customs trade data tool, TradeIQ. For the fourth month in a row, import shipments increased, rising 5.68% over April. May 2010 shipments also rose greatly over the previous year, up a whopping 19.55% over May 2009. Below is a table showing port regions of the world where shipments originated: [table id=1 /] While Asian trade looks strong for May 2010 relative to April 2010 and May 2009, a glance at quarterly shipments since quarter three of 2007 shows that the regions' shipments have yet to return to pre-recession levels. Though June ...
Worst crisis in the history of container shipping is not over – CEO of Maersk Line (a TPM recap)
While Eivind Kolding, Partner and CEO of Maersk Line, believes that the worst is behind the container line industry, the pain is far from over. As the keynote speaker at this year's 2010 Trans-Pacific Maritime Conference in Long Beach this morning, Mr. Kolding noted that while there appears to be a good balance in supply vs. demand, it remains fragile. Trade volumes are up, but still way off from historical norms. The supply imbalance of container ships is lower, but still exists. The rate increases the carriers are seeing right now are good, but who knows when someone in the ...
2009 Container Shipping Review – Zepol.com
As everyone in the 3PL community knows, 2009 was a tough year as United States import shipments were down 12.5% and TEUs dropped 11.7% when compared to 2008. The outlook does not look promising as 2010 begins as carriers struggle to stay afloat and rumors of rate increases abound. Below is a review of container shipping in 2009. The total number of import Bills of Lading has a close relationship with TEUs; looking at the top ten U.S. and International ports shows that few ports saw strong years in 2009. Kevin Palmstein is the Marketing Manager for Zepol Corporation. Zepol is the ...
3PL Spotlight – Pantos Logistics
Pantos Logistics http://www.pantos.co.kr/en Whilst ensuring we continue to expand and develop our service solution to create a competitive advantage for our customers, our primary services encompass both Freight Management and Supply Chain Solutions. 1. Services Offered A. Transport 1. Domestic and international trucking 2. Chartered aircraft 3. FCL & LCL sea transport 4. Break bulk and heavy cargo 5. Multi-client consolidation 6. Shipment consolidation 7. Cross-docking 8. Express door-to-door or door-to-port 9. Re-forwarding 10. Rail on five continents B. Warehousing 1. Track & trace system including real time data 2. Kitting and pick & pack 3. Bonded storage 4. Sub-assembly 5. Inventory management 6. Marking and labeling C. Consulting 1. SCM consulting 2. Customs brokerage 3. Local legal and clearance formalities 4. Route planning and costing 5. Special load planning and supervision 2. Value Added Services 1. Multi-vendor container optimization 2. Quality inspections 3. Container match-back 4. Purchasing services 5. Vendor managed inventory 6. Configuration and sub assembly 7. Product repair and renovation 8. Recycling and re-boxing 9. Reverse logistics 3. Locations A. 17 ...
New HTS Code Trade Data Trend Tool for 3PLwire.com Readers
One of the most important things that transportation service providers use trade data for is to see the trends for the industries they serve. They want to know where imports are coming from and where exports are going. They examine how much product is being imported and exported; compare the data to the past to see if how much of an increase or decrease the entire market is seeing. To this end, Zepol has developed a new feature on our website, www.zepol.com, which provides the most recent trends of U.S. trade statistics for each Harmonized Tariff Code. This information is searchable ...
Shipnomics Shipment Visibility Platform – Demo
Every once in a while we like to recognize the sponsors of our website and this month we want to take a minute to highlight a fantastic product from Shipnomics. Shipnomics has released a cutting edge SaaS software service called Transportation Manager Pro. If you are a logistics manager seeking a one stop location to track all of your domestic and international shipments, then contact us to schedule a demo today. What is Transportation Manager Pro? Transportation Manager Pro is a hosted transportation management solution for enterprise customers, air/ocean freight carriers, and high-volume shippers needing to dramatically reduce ...
Seafreight
Mumbai vessel collision update: Ports to reopen August 15th
UPDATE – August 13, 2010: First, an update on port operations: India’s...
Cargo ships collide at Mumbai – all inbound and outbound sailings suspended
MSC Chitra leaking oil and listing after collision in Mumbai harbor on Saturday (image...
2010 Retail container imports may have peaked
According to the NRF (National Retail Federation’s) monthly July Global Port...
Read More Posts From This CategoryAir Cargo
Top 30 Cargo Airports 2009
A reader named Greg alerted to us that we haven’t posted an updated list of...
Airfreight Shows Continued Improvement
Global airfreight demand continued to show improvement during the month of March....
IATA July Report: Cargo shows continued improvement
IATA.org has recently released their airline industry report for the month of July...
Read More Posts From This CategoryLogistics
Damco recognised as Outstanding Partner in Supply Chain Excellence
Singapore, 14 October 2009 – Damco, a leading logistics and freight forwarding company, was conferred the Outstanding Partner in Supply Chain Excellence Award during the SCM Logistics Excellence Awards ceremony here on 6 October. The award recognizes Damco for its ability and significant contribution in offering end-to-end supply chain solutions which... [Read more of this review]
Casestack Announces Newest Board Member
Santa Monica, Calif., Oct. 16, 2009 – CaseStack, a leading outsourced logistics company specializing in supply chain solutions for consumer packaged goods companies, announced today that Tucker Taylor, a member of the original Federal Express management team, has joined the company’s Board of Directors. Mr. Taylor has an impressive history... [Read more of this review]
3PL Study – 2009 Released
The 14th Annual Third-Party logistics Study sponsored by Oracle, Capgemini, Georgia Institute of Technology and Panalpina has officially been released. The annual study aims to document the growth and evolution of the third-party logistics (3PL) industry by identifying and tracking key trends and views of the 3PL industry largely from the perspective... [Read more of this review]
Read More Posts From This CategoryIncoterms
How well do you know your Incoterms?
Think you have a fairly good grasp on your Incoterms? I thought I did until I took the “challenge” from www.tradefacil.com. You can take the challenge here (registration required). Drop us a line and let us know how you did. Read More →
Incoterms: DDP – Delivered Duty Paid
DDP DDP – Delivered Duty Paid – is another useful incoterm that can be used with any mode of transport. It is very similar to DDU except that with DDP the seller is also responsible for all import customs formalities and duty and for final delivery of the goods to the buyer at the named place of destination. Basically, with DDP, the buyer... [Read more of this review]
Incoterms: DDU – Delivery Duty Unpaid
DDU – Delivery Duty Unpaid – Is a fairly common incoterm and can be used for any mode of transport. Under DDU terms the seller is responsible for making the goods available to the buyer at a named place of destination but not cleared for import. The seller is also responsible for all the costs involved to deliver the goods to the named... [Read more of this review]
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