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Dry Bulk Carrier Chartering and Freight Terms

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dry-carrier-bulk

Dry Bulk Carrier Chartering

Dry bulk carriers, a sub-segment of bulk carriers among merchant ships, carry dry (grains, fertilizer, phosphate and ores) or wet (chemicals, refined petroleum product) similar bulk cargoes. Also known as bulk cargo, these ships are built with a single deck and wide hatches. The most important reason why the hatches are wide is to make the shipment of the cargo easier and faster. Dry bulk carriers have an octagonal cross-section structure. Dry bulk cargo types are shown in the guide published by IMSBC.

Dry Bulk Carrier Pricing

When hiring a dry bulk carrier, the loading port and discharge port are important. For example, while in 2013, 13 dollars per ton was charged for freight on a dry cargo ship with a steel carrying capacity of 4000 tons, whose loading port is Marmara and its discharge port is Poti, today the prices have increased considerably due to the increase in the trade volume and Covid-19 Pandemic in the world.

It provides healthy services to its customers by making significant progress in the technological sense of the relevant logistics companies.

Rentals for the transport of dry bulk products have been rising recently, with spot markets ranging from $5,000 to $9000. Undoubtedly, these changing prices are due to the fact that the increase in freight demand could not keep up with the growth rate seen in the fleet.

Today, there is a difference in the amount of dry cargo that will go from Istanbul to Chile in 51 days between a Malta ship and a Libyan ship, and it is also important that the ship has a healthy environment that will ensure the protection of the dry cargo.

Considering the freight rates published by the Turkish Chamber of Maritime Commerce, the Freight Revenue Room Share Fee is charged over the freight rates determined below from the ships that take cargo from Turkish ports or bring cargo to Turkish ports. These freights show an average, more can be understood or less freight can be decided by the parties.

Shipping Container Rates in 2022 From United Kingdom

Destination Port20ft Container Cost40ft Container Cost
New York, USA£2,445 (GBP)£4,389 (GBP)
Los Angeles, USA£3,227 (GBP)£3,938 (GBP)
Sydney, AUS£2,108 (GBP)£3,160 (GBP)
Melbourne, AUS£2,108 (GBP)£3,160 (GBP)
Auckland, NZ£2,108 (GBP)£3,160 (GBP)
Montreal, CAN£3,442 (GBP)£4,563 (GBP)
Vancouver, CAN£3,136 (GBP)£3,925 (GBP)
Le Havre, FRA£1,304 (GBP)£2,150 (GBP)
Barcelona, ESP£2,009 (GBP)£2,620 (GBP)
Amsterdam, NLD£1,304 (GBP)£2,150 (GBP)
Hamburg, GER£1,302 (GBP)£1,561 (GBP)
Dublin, IRE£1,424 (GBP)£1,890 (GBP)
Jebel Ali, UAE£2,394 (GBP)£3,177 (GBP)
Genoa, ITA£1,909 (GBP)£2,514 (GBP)
Lisbon, POR£2,009 (GBP)£2,621 (GBP)
Stockholm, SWE£1,016 (GBP)£1,350 (GBP)
Mumbai, IND£3,064 (GBP)£4,064 (GBP)
Singapore, SIN£3,526 (GBP)£4,679 (GBP)
Limassol, CYP£2,009 (GBP)£2,621 (GBP)
Copenhagen, DEN£1,348 (GBP)£1,787 (GBP)
Thessaloniki, GRE£2,009 (GBP)£2,621 (GBP)
Manila, PHL£3,526 (GBP)£4,679 (GBP)
Hong Kong, HKG£3,234 (GBP)£4,290 (GBP)
Cape Town, SAF£2,246 (GBP)£3,456 (GBP)
Shanghai, CHI£2,906 (GBP)£3,856 (GBP)

There are some important  factors to calculate shipping costs.

The volume or weight of the goods

It’s not officially one or the other because it depends on what type of shipping you’re using. When it comes to sea freight, the dimensions of your goods are the most important, while air freight cares more about the weight of your goods. The more goods you have, the more it will cost to ship them to your new home.

The type of transport

Will your goods be flying or sailing? The mode of transport will determine both the price and the time it takes for your belongings to arrive. Air freight tends to be the quicker and more costly alternative to sea freight, so if you’ve got time to spare then you should definitely opt for the ocean. Sea freight is usually around five times cheaper than air freight.

The journey distance

This one is pretty self-explanatory. If you’re shipping your stuff halfway across the world then it’s going to cost more than a short trip across the Mediterranean. Whether your move is port-to-port or door-to-door will also affect costs; if your shipping company is going to transport your goods all the way from your old front door to your brand new one then this will bump up the price. Despite this, we thoroughly recommend door-to-door services as they can prevent logistical headaches.

The destination port

Customs duties and service charges are unavoidable but they will vary from country to country. Naturally, the arrival destination of your goods will determine how much you have to pay in the way of customs and taxes. 

The time of year

International shipping has peak seasons, just like any other industry. These generally occur in the summer (between August and Septemberand just after the Chinese New Year (between January and February). During peak season, demand is greater, prices are higher and capacity is more limited. It’s best to avoid shipping at these times if you want the lowest prices.

Freight Related Terms

The word freight, which was previously used only for maritime transport, has started to be used for all cargoes and services transported by air, land and railway with the development of foreign trade. In this context, freight refers to all cargo, services and the fee charged for this transaction carried on the ship, plane, train or road vehicle.

With the development of the freight transportation field day by day, it has come with some stereotypical terms. These are as follows.

What is BAF Bunker Adjustment Factor

BAF (Bunker Adjustment Factor): It is the factor of including the fluctuations in the prices of fuel oil, which is ship fuel, during the overseas cargo transportation, by fixing it to a certain extent and including it in the freight price.

What is CAF (Currency Adjustment Factor)?

CAF (Currency Adjustment Factor): It is the factor of including fluctuations in one unit of US Dollar by fixing it to the freight fee.

What is Primage?

Primage: Generally, it is the additional fee that the shipowner adds to the freight fee in order to minimize the risk for export products departing from a country.

What is WRS (War Risk Surcharge)?

WRS (War Risk Surcharge): It is a type of fee that is included as an additional fee in the freight for the ships passing through or making the voyages to these ports with war risk.

What is High Cube Surcharge?

High Cube Surcharge: It is the type of additional fee charged for the transportation of cargoes in this container type, which can be larger than standard containers and vary according to the manufacturer.

What is Imco Charge?

Imco Charge: It is the type of fee charged by the shipowners who undertake the transportation of dangerous, radioactive, flammable, combustible or explosive materials in addition to the freight for these materials.

Broker: The person who mediates between the carrier and the shipper, the broker.

Charter Transportation: It is the type of transportation in which some or all of the ship to be loaded is rented.

Shipowner: The person who opens his ship for cargo transportation, the owner of the ship.

Agency: An organization that represents the shipowner at any port and can act on his behalf.

Requirements to Become a Ship Captain in 2022

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Being a ship captain is the dream of many people. Dozens of people staring at them with admiration, in all-white uniforms, bringing huge ships to and from the ports.

Of course, it is not as easy as imagined to be able to do the work of ship captains who take on great responsibilities. In this article, I would like to inform you about that difficult process and make you reconsider your dreams.

Who is a Ship Captain?

Actually, captain means manager, administrator. The team captain can be the best example of this. Ship captains are the people who manage the navigation and operational affairs of the ships. With its legal definition; They are the people who safely steer and manage the ships. They work with a team of officers and crew. While the ship is cruising, they adjust the speed and course of the ship and protect their ships against dangers by observing them. While the ship is in port, they accompany and manage the safe discharging and loading of cargo and passengers.

The master of the ship should also ensure that the ship’s machinery and equipment are always maintained in good condition and that all safety rules are followed. Apart from recording all kinds of events on the ship, even the control of sea pollution is the responsibility of the ship’s captain. The captain of the ship is the ultimate responsible for everything that happens on the ship, but he shares these responsibilities with his crew as he has no way of controlling everything one by one.

Requirements to Become a Ship Captain

When the responsibility is so high, a question like how to become a ship captain comes to mind inevitably. It is clear that people who can acquire such knowledge and skills must undergo a perfect education and prove this to the authorized institutions. For this reason, graduating from the Maritime Transportation and Management Engineering undergraduate departments of universities is one of the primary requirements for becoming a captain.

Maritime Transportation Management Engineers, who have completed their undergraduate education, have to take the Seafarers Exams organized by the Seafarers Examination Center and get enough points in order to certify how much their education and internship at the university have contributed to them. Candidates who get a passing grade here can start their career as the 3rd captain.

Of course, without completing your undergraduate education, you can also become a captain with a high school diploma. Of course, there are some limitations to this as well. As we mentioned above, those with a bachelor’s degree can serve in all international seas and on all ships without tonnage limit.

There are also those who study 2-year maritime associate degree programs of universities and graduates from maritime vocational high schools. According to their education and qualifications, they can be ship captains in certain waters and with certain tonnage restrictions.

Ship Captain Job Opportunities

The career planning of ship captains is actually determined from the first time they go to sea. However, they can change it according to their personal wishes. For example, does he want to leave the sea and work on land after a certain period of time or does he always plan to work on a ship.

The captain of the ship, who will work on the ship all the time, can be a captain in long-distance ships, near-road ships, or can easily work as a pilot in certain regions and in expert duties in some public institutions. Captains who want to continue their career on land can do business with the title of inspector in very effective and decision-making places, especially in maritime companies.

ship-captain-salary-

Experience Required to Become a Ship Captain

In fact, it is necessary to add some information in order to avoid conceptual confusion. After graduation, you cannot become a ship’s captain by succeeding in the seafarers’ exams. 3. You get the title of Captain or Watchkeeping Officer. When we say captain of the ship, we are actually talking about the person at the top of the deck, namely the cavalry. In order to become a cavalryman, you must have a maritime experience, which requires a long professional experience.

3. Seafarers who have completed 36 months of sea service as a captain or watch officer take the exams organized by the seafarers examination center and receive the title of 2nd captain (1st officer). Officers who have completed 36 months of naval service with this title will again take an exam and this time become the captain of the ship.

Being a captain as a document does not mean that you will immediately start working as a captain on that ship. A maritime company would prefer the captain of the ship to which it will represent, protect and entrust with the right to protect the ship and cargo, and it is logical that this should be the case. Therefore, when we calculate 36 months + 36 months + 2 years leave, a seafarer graduated from university has the chance to become a ship captain at the earliest age of 30-32.

I cannot help but point out that our country is very advantageous in this regard. Known maritime companies of many maritime countries want the ship’s captain, even the second captain, to be at least 40-45 years old, not on their ships, and expect them to be professionally consolidated with their current license by that time.

Another curious subject of ship captains is the salary of the captain. Salaries and wages of the captain vary depending on the type of ship, the sailing region and the flag of the ship. You can find this detailed topic in my article titled Ship Captain Salaries.

What are the digital marketing strategies in export?

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digital-marketing-tips

There are some important aspects a company need to determine in order to develop a solid digital background:

  • How you market your product,
  • What arguments you use when presenting your product to your potential customers,
  • How you deploy it,
  • Who you appeal to and
  • In which channels you present your product are as vital as your product.

With the development of technology and its placement at the center of our lives, the world of marketing has gained a digital dimension. One of the most important digital marketing solutions developed for export is B2B marketing strategy. With the B2B marketing strategy, the website is optimized, the target regions to be exported are determined, and the marketing of goods and services directly from the company to the company is realized.

Website and Social Media Channels

The corporate website or social media accounts, where the exporter promotes his brand profile and exhibits his products, can also be shown among digital marketing strategies. In these platforms, criteria such as region, age, area of interest will be filtered and advertisements that will reach large masses will be marketed to potential customers living in any part of the world through social media.

digital-channels-marketing

Building a Brand Awareness

BM Foreign Trade Consulting analyzes the products, target market and audience of the consulting firms in the best way, develops marketing arguments suitable for the product and sector of the consulting firms, and aims to increase brand awareness and visibility by delivering these arguments to potential customers in the most accurate way in digital media.

If you have a goal of reaching more potential customers on digital platforms, which are shown as the most qualified advertising tool today, you can get marketing strategy support from companies that provide Export Consultancy services.

Export Consultancy firms are the companies that know the country’s foreign market, foreign customer profiles and expectations best and develop the best strategies for marketing.

Instead of providing only marketing, only advertising or only domestic sales department services, it offers all of these as a service under the same roof.

Boat And Yacht Lashing Tips and Guides

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yacht-lashing

Lashing, which is the service of mooring boats and yachts for shipment, should be carried out by experts and knowledgeable people and should be carefully controlled and continued. Performing this service unconsciously may cause serious damage to the boat or yacht, while insufficient equipment may result in incomplete lashing. Our brand has a leading name in the lashing process and thanks to its years of experience, it carries out the lashing process without any problems with the guarantee of happiness.

In order not to encounter any problems during the lashing process, which is done by masters, the team always keeps the equipment well-maintained and appropriately, and ensures that the boats and yachts are easily prepared for shipment with special care without any damage. This support team, which also works for non-shipment mooring and fixing, works with years of expert experience to carefully moor the boat or yacht in the field and aims to offer the best.

The lashing team, which always prioritizes quality in its work; It works to prevent any possible problem that may occur by making all kinds of controls during the fastening, fixing and transportation process, and to detect and stop it beforehand. Lashing and handling requires knowledge, quality and expertise. Otherwise, the yacht or boat may be damaged and this difficult task should not be done by unknown persons. Working with a quality, knowledgeable and well-known brand for the lashing process always helps to get better and quality results. Our brand, on the other hand, reveals its experience and knowledge by performing the lashing process without delay, with its structure that aims to be the best in its business and is always open to development.

The lashing process, which is a serious business, is based on the reliable delivery of boats and yachts to the relevant company, and if the authorized persons in this business, which requires special attention to avoid damage, are inexperienced and uninformed, the problems to be experienced may cause material and moral damage to the boat and yacht owners. For this, it is best to agree with an authorized service that is good at their job and to entrust the boat or yacht with peace of mind for mooring or transporting the boat or yacht reliably.

boat-yacht-Lashing

Working with a Known and Experienced Company

The best aspect of working with a known brand; is to be able to see his experience, interest and knowledge in every field and to witness a job carried out professionally by authorized persons. In order not to suffer any material or moral damage, it is important to work with an experienced and high-quality company, as well as the price. At this point, our brand, which offers the best price with its reliable quality, always goes to the help of those in need with the best equipment and team.

The important thing is that in order not to encounter any problems during the provision of this service, all information about the boat or yacht is obtained and the team arrives at the site ready. With the crew that helps the boat or yacht owner in mooring and transporting without any difficulty, it becomes possible to tie or transport the vehicle easily.

Having a team that works diligently so that the yacht or boat that is wanted to be transported or moored easily receives service and doing their job with years of experience is one of the most important features that a lashing company should have. One of the important details in order not to encounter problems and not have difficulties during this process, where experience and quality are combined with trust, is the use of the right and useful equipment in a high quality manner. Our company, which has all these features together, always tries to improve these features and tries to provide the most suitable opportunities for lashing at the best prices.

boat-yacht-Lashing

The most important reason why our brand, which has an important place among the prominent brands, is loved is the quality it offers and the opportunities it provides, together with the trust it gives. As a brand that combines these, the lashing team, which only cares about customer satisfaction, always aims to do its best by working devotedly and business-oriented.

Those who want lashing to be done on the specified day and time can only contact the company and get information, as well as see the quality with their own eyes. In this way, it becomes very easy to enjoy working with a reliable brand and to perform the lashing process without any problems. We also provide 24/7 service in the on-board lashing area.

Regardless of size or model, lashing is done carefully with equipment of suitable quality and models for boats and yachts, and important safety precautions are taken in advance to avoid any problems during transportation, and all risks are prevented beforehand. Being one of the few careful companies that do this, we continue to give confidence by showing our difference, and we are open to both development and change by giving importance to feedback. All that needs to be done is to give information about the boat or yacht to be lashed and wait for the lashing process to be carried out at the specified time.

If you also want to have your boat or yacht lashed reliably, make sure that the address to be preferred is reliable, high quality, experienced and devoted, and choose the company to work with accordingly. Otherwise, the problems to be experienced can cause serious damage to the boat or yacht.

Trades Between Germany & UK continue to decrease after Brexit

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Germany’s exports to the UK fell by 2.5 percent in 2021, bringing the post-Brexit decline to the second year.

Germany’s Federal Statistical Office (Destatis) has announced the leading 2021 data on post-Brexit Germany’s exports to the UK.

Accordingly, in 2021, Germany’s exports to the UK decreased by 2.5 percent compared to the previous year and fell to 64.5 billion euros.

In the statement of Destatis, regarding the aforementioned data, “After the exports to England fell by 15.3 percent in 2020, marked by the new type of coronavirus (Covid-19) epidemic, it continued to decline in 2021 due to the effects of Brexit.” evaluation was made.

In the ranking of Germany’s most important trading partner, the UK was ranked 5th in 2020, falling to 8th place last year. In imports, it fell from 11th to 13th. Destatis stated that this ranking covers the January-November period.

In 2015, Germany’s exports to this country were recorded as 89 billion euros.

Motor vehicles and parts had an important place in Germany’s exports to England in the January-November period last year, with 14 billion euros.

Brexit negatively affected EU trade with the UK

On the other hand, according to a study by the Economic Research Institute (Ifo), one of Germany’s leading economic think tanks, Brexit caused a decrease in trade between the EU and the UK.

The UK’s share of EU goods exports, which was 6.2 percent in 2019, fell to 5.2 percent in 2021. At the same time, the UK’s share of EU goods imports fell from 3.9 percent to 2.6 percent in 2021.

Lisandra Flach, Director of Ifo’s Center for Economics, stated that some of the negative impact of Brexit on the economy and trade occurred before the UK left the EU in 2020.

“This was because of the increasing uncertainty for companies and the fact that they started to adapt to the new environment soon after the 2016 referendum,” Flach said. said.

Lisandra Flach stressed that new barriers to trade, such as additional post-Brexit customs bureaucracy and test certificates, are “destructive” for EU and UK companies and especially SMEs.

The UK left the European Union in 2020. After months of negotiations between the European Union (EU) and the UK, the post-Brexit trade agreement was signed on 29 December 2020.

Concerns were expressed by the German business community that the agreement, which came into force in January 2021, caused additional customs bureaucracy and logistical problems.

5 Ways to Gain Customer Confidence in International Trade

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international-trade-tips

Although external factors such as country image and sector image affect our overseas activities and customer trust, our main goal as a company should be to improve our company image and thus increase our business volume. There are simple but effective methods for this.

For example, publishing your collaborators and references on your website, specifying the certificates and warranty conditions related to your products, providing after-sales services, being reachable from landline phones, and making pre- and post-sale customer visits will increase the trust in your company.

Although these methods may seem small, they are very important methods to ensure company image and customer trust.

A company that does not have a professional website, unaware of the updates, does not provide after-sales support, references and collaborators are unknown, and makes constant phone and address changes will in no way display a quality and reliable image.

customer-trust

5 Effective Ways to Gain Customer credit

1. Website / Online Appearance

The most important point that I emphasize and repeat all over the place is a professional website. Unfortunately, many companies that want to expand abroad still do not have a proper website. It is crucial to have a multi-language website for businesses to expand in international trade.

Let’s make it clear,
With Hotmail or similar free e-mail addresses and websites prepared with flash, the last updated 4 years ago, playing music from 1999 in the background, it is almost impossible to trust the buyers abroad.
The first thing that a customer who is considering doing business with your company will probably do is to search for your company on Google and search for you on your website (and other resources that can be found). The first impression you make during this research will directly affect the willingness of the company to do business with you.
For this reason, definitely have an e-mail address with a company extension, a professional, clean interface and a constantly updated website. In addition, if possible, increase your visibility on the internet by doing (or having) search engine optimization (SEO) studies.

2. Having a Fixed Address

Let’s say you have a very stylish business card or website. However, if you do not have a fixed phone number and/or address written there, a question mark will arise in the minds of the buyers.
The company, which will receive goods and services and pay a certain price, wants to be able to find an address where it can reach you physically in any situation (even if it is thousands of kilometers away).
For this reason, if your business card includes a mobile phone number as a phone number and your website only the city/country instead of the address, your job is really difficult.

3. Publishing your certificates and collaborations

Publish documents/certificates such as patent registration, quality and inspection reports, which are documented by independent authorities, held by your company in print and online media.
Apart from this, announce your company’s collaborations, memberships and social projects with organizations such as foundations and universities in the same way.
Although not tangible or tangible, these intangible assets and activities are an important aid in gaining the trust of overseas buyers.
For example, the ISO quality certificate held by your company or a joint project with a university should definitely be included in publications such as catalogues, brochures, and websites.

4. Offer secure payment ways

It would be unfair to expect a company that will do business with you for the first time to make a cash payment. Work without risking yourself and with payment methods that guarantee the company in front of you. You can create a more secure financial environment with online systems such as Paypal for documents, letters of credit or software/services.

5. References

If your commercial activities are not carried out under a confidentiality agreement or if you do not have a problem with your competitors learning the name of your customers (this will vary according to the sector), specify the companies you work with, your customers, under your references.
Showing that there are other customers who prefer you will give the impression that you are a trusted company and therefore preferred.

summary

It is an undeniable fact that it takes time to satisfy your customers and turn them into loyal customers. There is no shortcut to gaining customer trust. If you organize the work and run it well, you will receive the returns you want in time, both in terms of customer satisfaction and trust, and financially.

You may want to look at our article about customer finding strategies in international trade.

Polypropylene Homo-Polymer PPHP Definition, Uses Advantages

Polypropylene Homo-Polymer (PPHP): Definition, Uses and Advantages

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Polypropylene (PP) was invented in 1954 by Professor Natta and was first manufactured commercially under the Moplen brand by the Montedison company in 1957.Polypropylene...