The increase in customs value in Isreal, due to the increase in transport prices – the problem, and the way to the solution
Read an opinion piece by Advocate Omer Wagner from Isreal:
The author is employed in the indirect taxation department at PWC Israel, Kesselman&Kesselman, and is an attorney specializing in customs law, purchase tax, indirect taxation, import, export, regulation, trade levies, international trade; What is said in the article reflects the opinion of the author only, and should not be considered as giving a legal opinion.
in Research, Sponsoringby FleetMon HQThe goal of the student thesis was to conceptualize a data pipeline combining AIS data with environmental data measured by sensors to track the route of cargo and the conditions it has been exposed to.
We support students and researchers by offering access to the FleetMon API Suite and our extensive AIS Data Archive with historical vessel position and port call data. Read this guest article we received by Niklas Scherer, a master’s degree student of the University of Applied Sciences in Bingen, Germany.
The academic project investigates a correlation between specific weather conditions a vessel was exposed to and occurring cargo damage. AIS data and weather data were used to examine if certain weather conditions on maritime high-traffic lanes are likely to cause damage to freight in order to prevent damage by realistic forecasting.
South Korea is an absolute powerhouse when it comes to the shipbuilding industry. Samsung, Daewoo, and Hyundai are names that every shipping company knows, partially because every notable shipping company has at least one ship built from any of these shipyards. There’s a new company rising on the horizon, and that too has its roots deeply embedded in the South Korean lifestyle: Hyundai Merchant Marine (HMM).
This month we are celebrating the 125th anniversary of the world’s most frequented artificial waterway. Read about the engineering feat, the historical background of construction, and its commercial significance.
It all began with a trick. The Kiel Canal would never have been built if Bismarck hadn’t exploited the first German Kaiser’s love of the navy to obtain permission to build a canal between the North Sea and the Baltic. 125 years after its completion and official opening on June 21, 1895, the Kiel Canal is still a vital transport link for international shipping and an important factor in North Germany’s economy.
Read about how the COVID19 pandemic induced the biggest oil price crash in history. And what is the impact on maritime shipping?
Tanker activity, USA, satellite view, end of April 2020
Economists are already referring to the global slump brought about by the coronavirus as the world’s worst-ever economic downturn – a “Greater Depression” that’s even worse than the Great Depression in 1929-32. With lockdowns, closed frontiers and stay-home restrictions reducing road, rail and air traffic to an absolute minimum and economic activity having slowed down to an almost standstill the world over, the global demand for oil has fallen through the floor. On April 20 the price of the May futures contract for West Texas Intermediate (WTI) plunged to never-experienced negative territory of minus $40. In other words, US oil producers actually had to pay people to buy or store their oil. Since that historic low, the price of WTI and Brent crude has recovered somewhat but still remains at levels not seen for decades. It’s a simple equation, basic supply-and-demand economics. With supply significantly outpacing demand in the global oil market, the price of “black gold” has slumped.
