Paying ransoms and costs to restore systems is only part of the consequence – arguably, business interruption, failing customers and tarnishing reputations carry a higher price. Sadly, the frequency and ferocity of cyber-attacks continues to grow and, although some hackers are simply “showing of...

The key catalyst, as had been widely anticipated, is for shipping to be included in the EU’s Emissions Trading System (ETS). Carbon pricing has long been regarded as the holy grail for incentivising the switch away from fossil fuels and the idea has attracted increasing support in the industry rec...

This action, explained Sadiya Khan, air cargo director turned professional coach, exemplified humble leadership. It enabled Mr Parker to gain a personal understanding of part of his company’s culture through walking in their shoes. Having worked in international teams, Ms Khan is keen to emphasise...

But many importers are woefully unprepared to meet the rolling deadline for lodging supplementary declarations for goods imported from 1 January. The situation has been compounded by a shortage of experienced customs brokers. Canny freight forwarders that offer customs brokerage services, as well as...

  Figure 1: Average waiting times (days) in 4 weeks periods for 451 containerships that made 2400 port calls to port of Oakland (1222 calls) and port of Long Beach (1178 calls) during the period 1 January 2020 to 13 June 2021. Still is defined as 0 to 1 knots, and manoeuvring between...

Everyone in logistics knew that the accident in the Suez in late March involving the Ever Given vessel would cause turbulence for a month or so but no one thought that freight rates would continue to climb, even after 3 months – but they have. Today, a 20-foot container from Shanghai to Felixstowe...

Single-sourcing, consolidated carrier networks, tighter inventory management and limited contingency planning have all contributed to hidden costs in terms of risk exposure. Almost overnight, everything changed as the crisis revealed the shortcomings of this approach. Those that were most exposed ha...

The industry seemed to be making light of the climate crisis and metaphorically rowed back on emissions targets. Rich pickings were served to those who argue that the maritime industry is incapable of regulating itself, and that the sector needs regional regulation to drive it on to meet its climate...

Bonded warehousing allows you to delay paying customs charges and VAT on goods imported from outside the EU until they are removed and sold. This offers significant cashflow benefits to businesses and owners who can avoid the double duty on goods that are imported into the UK and then exported to no...

Not to do so incurs delays, the inefficient and wasteful use of resources, adverse impact on the environment and poor customer satisfaction. Historically, achieving the desired co-ordination and synchronisation has been challenging due to each involved actor having limited knowledge on the upstream ...