Trade News

Choosing the right international trade terms requires comprehensive consideration of many factors, including the nature and value of the goods, the mode of transportation, the trade environment of the destination country, the cooperative relationship between buyers and sellers, and risk management and insurance.

Pros of Freight Forwarding Companies: ● Professionalism and experience ● Resource integration capabilities ● Risk management ● Flexibility and customized services ● Cost reduction Cons of freight forwarding companies: ● Cost issues ● Transparency issues ● Dependency issues ● Uneven service quality ● Legal and compliance risks

Shipping cost is a broad concept that covers all costs in the process of transporting goods, including basic transportation costs and other additional costs. Freight cost is a narrow concept that mainly refers to the basic transportation costs of goods, excluding other additional costs.

International freight forwarders, referred to as freight forwarders, refer to companies or individuals who specialize in international freight forwarding services. They provide customers with one-stop logistics solutions including transportation, warehousing, customs declaration, insurance, etc.

Freight shipping is a broad concept that covers all aspects and services of cargo transportation. Cargo ships are specific means of transportation and are part of freight shipping, mainly responsible for maritime transportation.

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

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.

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.

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.

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).