Trade News
-
2608-2024
Which is the largest shipping company in the Middle East?
The Dubai Ports Authority was established in 1972 and is responsible for managing Dubai's major ports, including Jebel Ali Port and Port Rashid. Jebel Ali Port is the largest deep-water port in the Middle East, located in the southwest of Dubai, and is one of the top ten container ports in the world
-
2308-2024
What does freight mean?
Freight usually refers to bulk commodities or materials shipped by various modes of transportation, such as sea, air, rail and road. Unlike express parcels, freight is usually larger in size, heavier in weight, and involves more complex transportation processes.
-
2208-2024
How many containers can a cargo ship carry?
Small container ships: The carrying capacity of such ships is usually between 1,000 and 3,000 TEU, mainly used for short-distance transportation on near-sea routes and within regions.
-
2108-2024
What is the largest cargo ship in the world?
As of now, the largest cargo ship in the world is the HMM Algeciras of Hyundai Merchant Marine (HMM) of South Korea. This giant container ship has become an iconic presence in the global shipping industry with its huge carrying capacity and advanced technology.
-
2008-2024
What are the top five shipping companies in the Middle East?
The five major shipping companies commonly used in the Middle East: 1. Emirates Shipping Line, 2. Gulf Agency Company (GAC), 3. Saudi National Shipping Company (Bahri), 4. United Arab Shipping Company (UASC), 5. Qatar Navigation (Milaha).
-
1908-2024
What are international trade terms?
International trade terms (Incoterms) are international standards developed by the International Chamber of Commerce (ICC) to regulate the division of responsibilities, costs and risks between buyers and sellers in global trade.
-
1608-2024
How to start as a freight forwarder?
Accumulate work experience 1. Internship opportunities 2. Entry-level positions 3. Industry exchanges Build connections and customer networks 1. Join industry associations 2. Build customer relationships 3. Partnerships Establish your own freight forwarding company 1. Develop a business plan 2. Register a company 3. Build a team 4. Market promotion
-
1508-2024
What are the advantages and disadvantages of freight forwarding?
Freight forwarders have rich industry knowledge and experience and can provide customers with professional transportation consulting and solutions. For some small and medium-sized enterprises or low-value goods, the service fees of freight forwarders may be high, affecting their profit margins.
-
1408-2024
What is the difference between FOB and FAS?
FOB means that the seller completes the delivery obligation after loading the goods on board the ship at the port of shipment. FAS means that the seller completes the delivery obligation by placing the goods next to the ship designated by the buyer at the port of shipment.
-
1308-2024
What Are the 11 International Trade Terms?
11 International Trade Terms: 1. EXW (Ex Works) 2. FCA (Free Carrier) 3. CPT (Carriage Paid To) 4. CIP (Carriage and Insurance Paid To) 5. DPU (Delivered at Place Unloaded) 6. DAP (Delivered at Place) 7. DDP (Delivered Duty Paid) 8. FAS (Free Alongside Ship) 9. FOB (Free on Board) 10. CFR 11. CIF