May 3, 2023
Shippers To Dry Wood During Ocean Transit
Caravelle International Group, a global ocean technology company headquartered in Singapore, plans to save money shipping wood product from Africa to the US by drying the product during transit using a proprietary technology. The group established a partnership with a US corporation to manufacture wood products in Gabon, Africa, for export to the US. The government of Gabon has granted the partnership use of 165 acres of land for the location of a lumber mill. The mill will produce wood laminate flooring, plywood, and other wood products which will have a significant cost advantage over lumber products domestically produced in the US Not only is the lumber and labour cheaper, but the African Growth and Opportunity Act will allow for the duty-free import of these products into the US.
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