Maersk has reported a notable decrease in effective U.S. import tariffs, now averaging 21% relative to container load, according to a recent report by the Danish shipping company. This represents a significant reduction from the 54% rate observed shortly after the tariff announcement by President Donald Trump in April.
Biologists classify living things in an ever-more-precise system of groups so that these organisms are easier to study. This classification system starts with domains and kingdoms and narrows down to specific genus and species. This system of classification is recognized and used by biologists around the world. Likewise, countries
If you are involved in shipping or logistics, you've probably heard of a master bill of lading and a house bill of lading. But if you're like many, you might not understand how they're different. Before we unpack the difference between these two types of bill of lading, it
You found it. That one listing. Clean title, solid mileage, priced way better than anything back home. You’re thinking, “Why not just buy it from the U.S. and ship it over?” Seems smart, right? Well…not exactly. Exporting a used car internationally can definitely work out. But it’s not just
India is the most populated country in the world today. About one-fourth of its people are between 15 and 29 years old, and another one-fourth are children aged 0 to 14. This young population makes India a great market for technology products, especially electronics, since young people are the
Spot ocean freight rates from China to the Arabian Gulf are spiking amid heightened tensions in the Middle East, with carriers bracing for potential disruptions to regional trade routes. Read also: Container Shipping at Risk as Middle East Tensions Rise After Israeli Strikes on Iran According to Xeneta, average
India’s position as a rising economic power is deeply intertwined with its maritime trade routes, which connects it to global markets. The country’s export-import activities depend heavily on several critical maritime routes. These routes have straits, chokepoints and canals. Understanding these straits and canals, its importance, risks, and operational
Incoterms 2020 rules are the latest revision of international terms of trade published by the International Chamber of Commerce (ICC). They are recognized as the authoritative text for determining how costs and risks are allocated to parties conducting international transactions. Incoterms 2020 rules outline whether the seller or the
What are Perishable products? Perishable products are goods that have a limited shelf life and tend to deteriorate, spoil, or become unsafe for consumption relatively quickly due to their inherent characteristics. Perishables must be consumed or used before a specific date and require careful handling, storage,
When I first talk to exporters frustrated by the amount of time it takes to complete their export documentation, they often tell me they spend two hours or more on every single shipment. If they have multiple export orders to ship, the time they have left to do any other
