In March, U.S. imports showed signs of recovery, increasing from February. However, the future remains uncertain. New data reveals that wholesale inventories are still high and cargo from China is decreasing. Descartes’ data shows that U.S. imports in March were 1,853,705 twenty-foot equivalent units. This is a 27.5% decrease from the previous year but a […]
There are several types of ship charters, each with its own characteristics and terms: Types of Ship Charters Sure, here are some more details about the different types of ship charters: Voyage Charter: In a voyage charter, the owner is responsible for providing the ship, crew, and other provisions necessary for the transportation of the […]
The International Ship and Port Facility Security (ISPS) Code is a mandatory security regime for international shipping that was adopted by the International Maritime Organization (IMO) in 2002, following the terrorist attacks of September 11, 2001. The ISPS Code aims to enhance the security of ships and port facilities by establishing a framework for cooperation, […]
