[FAQ] Understanding the Notion of Delivery Duty Unpaid in Shipping
In international commercial transactions, the terms Delivery Duty Paid (DDP) and Delivery Duty Unpaid (DDU) are used to indicate two different types of sales and shipping transactions.Delivery Duty Unpaid (DDU) is defined as the...
Hydrogen Fuel at LPG Stations To Nurture Hydrogen Ecosystem
The South Korean government will back infrastructure on hydrogen fuel supplying facilities and add hydrogen fuel at gas stations across the nation amid its push to nurture hydrogen ecosystem, reports Pulse News.
Hydrogen shipping centers
The...
Zim Recorded A Net Income of $524m
Israeli ocean carrier Zim has posted its first annual profit for three years – and the biggest in its 75-year history – recording a net income of $524m for 2020 and claiming it is...
A New Breed of Smart Ship Systems With Simulation Capability & AI
As researchers deepen their understanding of autonomous and remote vessel operations, a new breed of smart ship systems combining simulation capability and artificial intelligence is emerging, says an article recently published on Wartsila website.
Unmanned...
Spot Rate for North Europe Down from More Than $8,000
Container spot rates from Asia may have eased slightly from their record highs, post-Chinese new year, but rates for backhaul and secondary trades continue to head north, reports The Loadstar.
Freightos Baltic Index
According to today’s...
Evergreen Plans To Spend Up To $2.6bn On 20 Boxships
Taiwanese liner Evergreen has announced that it will order twenty 15,000 teu containerships as part of a major fleet expansion plan, says an article published article in Splash247.
Best shipyard to be chosen
The company said...
Rapid COVID-19 Vaccine Rollout Backfires in Some US States
According to an article published in AP News, despite the clamor to speed up the U.S. vaccination drive against COVID-19 and get the country back to normal, the first three months of the rollout...
Hyundai Heavy Discloses New CO2 Shipping Solutions
According to an article published in BM Global, South Korea’s largest shipbuilding group, Hyundai, is pushing ahead with carbon dioxide shipping solutions.
New CO2 Carrier system
Hyundai Mipo Dockyard outlined plans to develop a containment system...
Coronavirus Origin? Five Mysteries That Remain
According to a recently published article on Nature, with the WHO team investigating the origins of Covid-19, there are still few key questions unanswered about when, where and how the pandemic began.
Investigating COVID-19 origins...
Qatar Petroleum Contracts With Sinopec For LNG Supply
According to an article published in AA Energy, Qatar Petroleum has inked a 10-year LNG Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 2 million tons...