Several shipping companies have issued price increase notices.
Driven by the dual impact of ongoing tensions in the Middle East and high international fuel prices, the global container shipping market has ushered in a new round of price hikes. Leading liner companies including Maersk, CMA CGM, MSC, Hapag-Lloyd and others have successively issued freight rate ...
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What is VGM and why is it mandatory?
What is VGM and why is it mandatory? VGM (Verified Gross Mass) refers to the verified total weight of a container, which is the sum of the cargo weight, packaging weight, dunnage/pallets, and the container’s own tare weight. On July 1, 2016, the International Maritime Organization (IMO) enforced ...
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