Small fleets and owner-operators gain market share
In an article published Tuesday, FreightWaves CEO and founder Craig Fuller made a case that the trucking industry is not consolidating anytime soon. The prevailing wisdom following the Motor Carrier Act of 1980 was that there would be rapid consolidation as previously highly regulated unionized trucking companies, operating under the older regulations from the Interstate Commerce Commission (ICC), went bankrupt and...
The Urgent U.S. Role in Restarting Iraq-Turkey Oil Exports, states a Washington Institute news report.
Baghdad-Kurdistan breakthroughA pipeline arbitration ruling has imperiled a recent Baghdad-Kurdistan breakthrough, but this roadblock can be removed if the United States acts urgently to disrupt spoilers and help constructive players.
On March 25, the International Chamber of Commerce (ICC) in Paris issued its long-awaited ruling on an arbitration brought in...
https://mfame.guru/the-critical-u-s-role-in-resuming-iraq-turkey-oil-trade/
Several industry associations have formed a new alliance to standardize the digitalization of international trade. The post New alliance to standardize digitalization of international trade appeared…
https://www.offshore-energy.biz/new-alliance-to-standardize-digitalization-of-international-trade/
Digital Container Shipping Association (DCSA), Baltic and International Maritime Council (BIMCO), International Federation of Freight Forwarders Associations (FIATA), the International Chamber of Commerce (ICC), and Society for Worldwide Interbank Financial Telecommunication (SWIFT) have signed a memorandum of understanding (MOU) to form the Future International Trade (FIT) Alliance aiming to standardise the digitalisation of international trade.
The FIT Alliance partners will work together to...
In international commercial transactions, the terms Delivery Duty Paid (DDP) and Delivery Duty Unpaid (DDU) are used to indicate two different types of sales and shipping transactions.
DDU is defined as the sale and delivery of goods to the buyer after payment of customs duties. Marine Insight describes in detail about the concept of Delivery Duty Paid in their article.
International Chamber of Commerce (ICC) and Incoterms®Trading terms known as Incoterms® or International Commercial Terms are...
https://mfame.guru/faq-understanding-the-notion-of-delivery-duty-paid-in-shipping/
IMO Secretary-General Kitack Lim has expressed his deep concern about the escalation in the number and severity of attacks on ships and crew in the Gulf of Guinea region
The International Maritime Organization (IMO), in their press...
https://mfame.guru/imo-calls-for-action-to-counter-piracy-in-the-gog/
The International Maritime Bureau’s (IMB) latest piracy report says that the Gulf of Guinea is increasingly dangerous for commercial shipping, with the area now accounting for over 90% of maritime...
https://mfame.guru/imb-flags-up-a-spike-in-crew-kidnappings-off-west-africa/
The International Chamber of Commerce (ICC) is collaborating with the Singapore Government and additional firms to fasten the adoption of digital technologies in trade and commerce, following the rapid development of digitalization in the shipping industry.
Specifically, convening at the sane time with the World Economic Forum Annual meeting in Davos, ICC is taking part on the project to accelerate the adaption of digitalization of global trade.
This partnership is a major step towards a...
https://safety4sea.com/icc-teams-up-with-singapore-boosting-digitalization-in-commerce/
The International Chamber of Commerce International Maritime Bureau’s (IMB) report for the third quarter of 2019 demonstrates fewer incidents of piracy and armed robbery against ships than the first nine months of 2018.
119 incidents of Piracy and Armed Robbery Against Ships have been reported to the IMB Piracy Reporting Centre (IMB PRC) in 2019, compared to 156 incidents for the same period in 2018. Overall, the 2019 incidents include 95 vessels boarded, 10 vessels fired upon, 10 attempted...
ICC’s International Maritime Bureau (IMB) reports 119 incidents of piracy and armed robbery against ships for 2019, in comparison to the 156 incidents that were reported in the same period in 2018, with the Gulf of Guinea remaining a high risk area for piracy and armed robbery.
Overall, the 2019 incidents include 95 vessels boarded, 10 vessels fired upon, 10 attempted attacks, and four vessels hijacked. The number of crew taken hostage through the first nine months has declined from 112 in 2018...
https://safety4sea.com/gulf-of-guinea-remains-a-high-risk-area-with-86-of-piracy-related-incidents/