Trump Signals Sharp Reduction in Tariffs on China Amid Industry Pressure and Supply Chain Concerns
On April 22, U.S. President Donald Trump announced a major shift in tariff policy, signaling that the current high tariffs on Chinese goods—up to 145%—will be “substantially reduced.” “145% is very high. It won’t be that high… it will go down significantly, but it won’t be zero,” Trump said in the Oval Office. He added: […]
Understanding Tariffs: Definitions, Characteristics, and Strategic Implications
I. What Are Tariffs? Tariffs are a type of indirect tax levied on goods and items entering or exiting a country. The authority responsible for collecting tariffs is the national customs agency. Taxpayers include importers, exporters, and owners of inbound items. II. Core Characteristics of Tariffs Mandatory: Tariffs are legally enforced; taxpayers are obligated to […]
24 Common Ocean Freight Surcharges Across 7 Categories – A Must-Know Guide for New Shippers
In the world of ocean freight exports, costs often fluctuate due to a wide range of factors such as fuel prices, port congestion, cargo handling, and weather. To mitigate these cost fluctuations, shipping lines frequently introduce a variety of surcharges—often shown in abbreviated forms—on quotations or invoices. If you don’t understand what these abbreviations mean […]
General Process of Container Shipping
1. Document Verification & Carrier Coordination Upon receiving the complete set of documents from the client, determine which shipping line is responsible for the cargo, who the shipping agent is, and where to exchange the delivery order required for customs clearance.Required documents include: Endorsed Original Bill of Lading or Telex Release Packing List Commercial Invoice […]
Trump Administration’s Unpredictable Tariff Policy: Major Exemptions Unveiled After New Tariff Hike
The Trump administration’s tariff policy continues to shift unpredictably. On April 2, the government announced the imposition of retaliatory tariffs, only to release an extensive product exemption list the very next day, April 3. According to an official announcement on the White House website, the list includes nearly a thousand products spanning across energy commodities, […]
Understanding the Shipping Order (S/O): A Key Document in Container Shipping
A Shipping Order, commonly abbreviated as S/O, is an essential document in the logistics and shipping industry. Once a shipping company receives a booking request from a freight forwarder or consignor, and if suitable space is available, the carrier issues an S/O to confirm the booking details. This document may also be referred to by […]
A Comprehensive Guide to Container Types and Classifications
When it comes to containerized shipping, understanding the various types of containers is crucial for selecting the right option for your cargo. Containers can be categorized based on their usage, primary materials, and structural design. Let’s explore these classifications in detail. 1. Classification by Usage (1) Dry Cargo ContainerAlso known as general-purpose containers, these are […]
Trump Launches Tariff Offensive: 10% on All Imports, Higher Rates for “Worst Offenders” like China
April 2, Washington D.C. – Former U.S. President Donald Trump has signed an executive order imposing a sweeping new tariff policy. Starting April 5, all imported goods into the U.S. will face a minimum 10% tariff. From April 9, higher tariffs will be applied to countries deemed “worst offenders,” including China, the EU, Vietnam, Japan, […]
What Is a 53ft Shipping Container? Full Guide to Specs, Structure & Applications
A 53ft shipping container is one of the largest standardized container sizes available for global trade and logistics. With its massive volume and intermodal compatibility, it has become a popular choice for cross-border shipping, especially for bulky but lightweight goods. 1. 53ft Container Dimensions & Capacity The 53ft container offers significant space advantages compared to […]
Common Shipping Companies and Their Websites
Understanding the major players in the global shipping industry is crucial for businesses engaged in international trade. Below is a comprehensive list of well-known shipping companies, including their fleet size, TEU capacity, headquarters, and official websites. 1. A.P. Møller – Maersk Fleet Size: 738 vessels TEU Capacity: 4.3 million TEU Headquarters: Copenhagen, Denmark Website: https://www.maersk.com/ […]
