IMO 2020 is set to be the largest ever regulatory change in the fuel sector, potentially adding £220 billion across global supply chains, and forcing the shipping lines to invest heavily in compliance solutions.
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This week’s Brexit extension and vote for general election effectively means that a No-Deal exit before the new 31st January 2020 deadline should be extremely unlikely. But threats for shippers remain.
BIFA have revealed the finalists of their annual Freight Service Awards, with Noatum Logistics shortlisted for awards in the Air Cargo Services and European Logistics categories.
Repeating its recent allocation of EORI numbers to 90,000 firms, HM Revenue and Customs (HMRC) has now subscribed 95,000 businesses to its simplified TSP import procedures which will be put in place should the UK leave the EU without an agreement on October 31st.
Incoterms 2020, the 9th version of the international commercial trade terms, has been released by the International Chamber of Commerce (ICC), with changes to DAT, FCA and CIF terms.
Cancelled, or blanked, sailings have long been used by the container shipping lines to manipulate capacity when volumes fall, but inconsistencies in announcements around China’s Golden Week have been criticised, with accusations of blank sailing gamesmanship by the 2M and Ocean alliances.
Shipping lines including Maersk, Hapag-Lloyd, HMM and OOCL have announced that they will implement fines up to $15k for dangerous goods mis-declaration, which many lines suspect are behind recent containership fires.
French Customs have begun a month long trial of the systems that it will put in place for processing freight if the UK leaves the EU without a deal.