Worldwide Cargo Shipping

Worldwide cargo shipping is governed by trade regulations that exist among different nations.

Worldwide cargo shipping is governed by trade regulations existent at the source and destination countries. Using the services of an experienced shipping firm is the key to timely and error-free shipment for client companies.

Worldwide Cargo Shipping: Baltic Dry Index
Worldwide cargo shipping prices are defined through Baltic Dry Index (BDI). It is an international index prepared by the London-based Baltic Exchange that mirrors the cost of shipping raw materials, such as heavy equipments, iron ore, grains, cement, steel and coal. The Baltic Exchange obtains quotes for 22 major shipping routes from leading transporters, compiles them and finds the average, called the Baltic Dry Index. For a comprehensive analysis of the global marine industry, the Baltic Exchange considers all the four-sizes of marine transporting vessels.

• Capemax – Ships that can carry 100,000+ tons of cargo
• Panamax – Ships with a carrying cargo capacity between 60,000 and 80,000 tons
• Handymax - Ships that can carry 45,000 to 59,000 tons of cargo. Also called as Supermax. These form the largest fleet of transportation ships.
• Handysize – Ships with a limited cargo carrying capacity (15,000 to 35,000 tons).

Baltic Dry Index offers precise information about the financial soundness of the marine logistical sector. As BDI considers raw material exchange through ships, it also indicates the global demand for goods. Thus, BDI assumes great significance as an economic indicator.

Worldwide Cargo Shipping: Impact of Free Trade Agreement
The rules and procedures governing worldwide cargo shipping varies, as per free trade agreements prevalent among nations. Conventionally, member nations under a free-trade agreement levy less or no duty for imports originating among themselves. Import rules for non-member nations, however, are different. For example, North America Free Trade Agreement eliminates or progressively reduces import tariffs among Canada, the US and Mexico. However, the exemption applies only on goods that are qualified under the agreement. There are numerous other free trade agreements among nations that define worldwide cargo shipping procedures and prices. Thus, thorough knowledge of import regulations is essential to secure shipment and to benefit from tax exemptions.

With several years of experience, Skelton Sherborne offers worldwide cargo shipping services for heavy equipments. The company provides comprehensive shipping solutions including cargo handling and freight forwarding services and custom clearance. Visit www.skeltonsherborne.com to find a reliable partner for your worldwide cargo shipping needs.

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