Author: Sara Hadim

Qatari Ban Spreads Uncertainty Through Ocean Transport

On Monday, June 5th, the nations of Saudi Arabia, Bahrain, Egypt, Yemen, and the United Arab Emirates (UAE), discontinued diplomatic relations with Qatar, because of accusations claiming their support of militant groups. Suspensions of land, air, and sea travel were quickly implemented by the five countries on Monday. While these developments have taken place, the world is awaiting word from shipping companies on how this will influence the movement of cargo bound to Qatar. Jebel Ali port, in the United Arab Emirates, is essential for the entrance of cargo into Qatar. The UAE acts as a transshipment location, allowing...

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Green Award’s Push for Greener Shipping

The maritime industry has seen a positive trend in important stakeholders becoming conscious of their daily environmental impact. On April 1st, the Port of Yokohama implemented a policy that would apply a 15 percent discount on port dues to Green Award-certified vessels. Yokohama adopted this practice after Kitakyushu Port, and the Port of Nagoya, began applying a 10 percent discount to those with the same qualifications. Ports rewarding Green-Certified ships are actively showing the importance of Corporate Social Responsibility, by reducing risks and increasing the quality of shipping with reductions in accidents and unwanted incidents of daily operations. The...

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Impact of the Proposed Import Tax

Since the arrival of the Trump administration in Washington, D.C., there has been speculation as to whom will be funding the construction of a wall bordering the U.S. and Mexico. In recent weeks, the administration hinted that imposing a 20 percent tax on imports to the U.S. was one of the options available to fund the wall. Big retailers, automobile producers, and oil refineries heavily rely on imports and oppose the proposal. Many fear that the American consumer will ultimately end up with the bill for construction of this wall, as they presume a rise in consumer prices will be...

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Comprehensive Economic and Trade Agreement

After lengthy negotiations since August 2014, Canada and the European Union signed the Comprehensive Economic and Trade Agreement (CETA) on 10/30, after Belgium’s federal government received approval from the regional sector of Wallonia, Belgium. According to the Canadian government and the EU the enforcement of CETA will remove 99 percent of tariffs for both the EU and Canada. The deal is predicted to boost business within sectors of financial services, cargo shipping and maritime services. Customs procedures will become much smoother and less time consuming allowing easier flow of goods and cost reduction in the shipping process. The Protocol...

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Tare Weights Under One Roof

The Verified Gross Mass (VGM) requirement officially came into effect on July 1st, 2016, which is being enforced by the International Maritime Organization (IMO) under the Safety of Life at Sea (SOLAS). This rule mandates that shippers must provide VGM for all containers before they are to be loaded onto a vessel or in-gated depending on the policy adapted by the specific port. According to the IMO, VGM enforcement has come as a response to discrepancies in the declared gross mass and the actual gross mass of a container. In an effort to insure the security of the ship,...

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