Industry Insights

Insights into the haulage and supply chain industry

IMO2020 & Its Impacts

IMO2020 & Its Impacts

What is IMO2020? The International Maritime Organisation (IMO), the United Nations body responsible for the shipping sector’s safety and environmental performance, aims to cut maximum sulfur emission from 3.5% m/m (mass by mass) to 0.5% m/m starting in January 2020 – hence the name “IMO2020”. Under the new global cap, sea-going vessels worldwide will have […]

What happens in container depots?

What happens in container depots?

Ever wonder what happens when a container enters a depot? The container goes through a short journey before it is stored indefinitely at the depot. Let’s take a look at the journey below. The journey of the container Every container that is returned to a depot goes through a four step process:  Arrival : The […]

6 Most Common Types of Shipping Containers in Singapore

6 Most Common Types of Shipping Containers in Singapore

One of the most underappreciated drivers of the modern global economy is the humble shipping container.   Widely adopted internationally in the second half of the 20th century, intermodal containers largely replaced break bulk cargo — the bags, barrels, pallets, and crates that must be individually loaded and unloaded. As these containers are standardized in size and […]

Consequences of using incorrect Incoterms®

Consequences of using incorrect Incoterms®

What are Incoterms®? Incoterms® are international commercial terms mandating and communicating how the cost, risks and obligations are allocated and shared among each respective party involved in the international transportation and delivery of goods and cargo.  Established by the International Chamber of Commerce in 1936, it is recognized and enforced worldwide by governments, legal trade authorities […]

Zero-rated vs GST charges for Container Haulage Services

Zero-rated vs GST charges for Container Haulage Services

Like all services in Singapore, container haulage services are also subject to Goods & Services Tax. However, did you know that certain items in your invoices are zero-rated? What is GST? Also known as Value Added Tax (VAT) in many other countries, Goods and Services Tax (GST) is a consumption tax that is levied on […]