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WHAT IS VESSEL UTILIZATION?

YOU ASK, GREEN ANSWERS What is Vessel Utilization? Vessel utilization is the ratio of loaded containers to the total container slots available on a vessel. Increased vessel utilization reduces the need for repositioning empty containers. Repositioning accounts for roughly one fifth of global container movements. Optimizing vessel utilization can reduce [...]

2024-01-25T17:31:30+00:00January 18th, 2024|FAQs, Featured Video, Freight Talk, Video Library|

What Is the Difference Between Marine Recovery, BAF, Bunker, Fuel, and Low Sulphur Surcharge?

Fuel, in general, refers to any substance that is burned to produce energy. In the context of marine transportation, fuel typically refers to various types of fuel that are used to power ships, including bunker fuel, diesel, and liquefied natural gas (LNG). Bunker fuel refers to the heavy, viscous [...]

Does a Foreign Firm (Buyer) Need to Identify Itself as an FPPI When Dealing With a U.S. (Seller) in a Routed Transaction When There Is No Actual Selling of the Equipment, but the Equipment Is Leased for a Limited Amount of Time (Less Than 6 Months) and then Returned to the U.S?

DOES A FOREIGN FIRM (BUYER) NEED TO IDENTIFY AS AN FPPI WHEN DEALING WITH A U.S. (SELLER) IN A ROUTED TRANSACTION WHEN THERE IS NO ACTUAL SELLING OF THE EQUIPMENT, BUT THE EQUIPMENT IS LEASED FOR A LIMITED AMOUNT OF TIME (LESS THAN 6 MONTHS) AND THEN RETURNED TO [...]

What Are Some Strategies For Reducing Supply Chain Carbon Emissions?

Taking action to reduce emissions within your supply chain can be a challenging but critical part of reaching your emission reduction targets. The following are some initial strategies you can implement to reduce your carbon footprint: TRANSPORTATION & LOGISTICS  One of the biggest sources of emissions can be transportation. [...]

What Is the Difference Between Sustainability and ESG?

WHAT IS THE DIFFERENCE BETWEEN SUSTAINABILITY AND ESG? Sustainability and environmental, social, and governance (ESG) are separate but related concepts referring to how a company’s work impacts the world around it. Companies are “sustainable” when their operations and practices are designed to have a lower impact on society and [...]

What Is Human Rights Due Diligence and Why Does It Matter to U.S. Importers?

As a company, when you import a product into the United States you bear a certain amount of responsibility for everything that has gone into the process of getting that product to market. This includes being aware of whether forced labor or human rights abuses occurred at any point [...]

What Is Supply Chain Sustainability and Why Is It Important?

WHAT IS SUPPLY CHAIN SUSTAINABILITY AND WHY IS IT IMPORTANT? Sustainability is critical for improving quality of life and protecting the environment for the future. Implementing sustainable processes and objectives in a supply chain is important for upholding three key responsibilities for the long-term growth and success of a [...]

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