As participants in Customs‐Trade Partnership Against Terrorism (C-TPAT), Green Worldwide Shipping strives to inform our partners about importance of cargo security. Cargo seals have long been part of good security practices. Their principal purpose is to assure carriers, beneficial owners of cargo, and government officials that the integrity of a shipment is intact by serving as a …
What is a bonded warehouse? U.S. Customs and Border Protection (CBP) defines bonded warehouses as secured areas in which imported dutiable merchandise may be stored, manipulated, or undergo manufacturing operations without payment of duty for up to 5 years from the date of importation (19 U.S. Code § 1555). Upon entry, merchandise remains under bond …
Earlier this week, Cosco Shipping Holdings (Cosco) and Shanghai International Port Group (SIPG) jointly announced the acquisition of Hong Kong-based Oriental Overseas International (OOIL/OOCL) for $6.3 billion USD, pending regulatory and shareholder approval.
On Tuesday, June 27th, industry leading firms such as A.P. Moller-Maersk, Merck, Rosneft, Mondelez and others were victims of the second massive international ransomware attack in two months. Would blockchain have prevented this security breach?
This summer, Green Worldwide Shipping is privileged to have some wonderful interns working hard to learn the ins and outs of the industry.
Port Story is a new series detailing the history and operations of trade ports across the United States and the world.
Monday, June 5th is World Environment Day 2017, and Green Worldwide Shipping is excited to celebrate!