As hopes for world trade gather momentum in the wake of countries loosening lockdown restrictions, the reality of the impact of COVID-19 on shipowners and operators is becoming apparent.
All industry segments have suffered from the pandemic with the possible exception of tankers, where there has been demand for floating storage.
New Zealand has recorded its fifth consecutive monthly trade surplus with the annual deficit falling to its lowest level in nearly six years.
Official figures from Stats NZ show a trade surplus of $426 million for June, taking the annual deficit down to $1.2 billion, the lowest since late 2014.
When is a law not a law? When you work as a seafarer on a Panamanian Flagged vessel, apparently.
That appears to be the consequence of the decision by the world’s largest flag state to authorise seafarers on ships flying its flag to serve for as long as 17 months onboard, due to the difficulties of achieving crew changes during the coronavirus pandemic.
The ‘new normal’ is a phrase we are now hearing a lot throughout the freight sector and the economy in general — but when will it arrive and what will it mean for your business?
You may not be aware of all the risks of dangerous goods (DG) transport domestically. By “dangers” I am referring to miss declarations, errors in manifests or outright failure to declare DO.
COVID-19 is having far-reaching effects on the shipping industry, and on importers and exporters, in ways that could never have been foreseen before the pandemic struck.
Let’s quickly recap what you have experienced! In December 2019, doctors in Wuhan, China, began to see patients with unusual and worrying symptoms.
The coronavirus (COVID-19) crisis is forcing stores to close across the globe. How should traditional retailers change in this new environment and with new consumer expectations and behavior?
Four years after the introduction of VGM (verified gross mass) rules to deal with the dangerous problem of mis-declared containers, one could be forgiven for thinking the issue of overweight boxes had been eradicated.
1-minute read (13-minute watch)
Trucks transport 73% of the USA’s freight. However, in New Zealand they handle 92% of cargo, with 6% going by rail and 2% on coastal shipping.