Cargo theft can occur anywhere along the supply chain, affecting local logistics, transporters, storage yards, groupage operators, LCL consolidators, ports, depots, terminals, insurance, carriers and freight forwarders equally.. BSI Supply Chain Services and Solutions assesses that companies lose more than an estimated $76 million in UK alone due to cargo theft highlighting the seriousness of …
Digitalisation is the buzzword making the rounds currently, especially in the shipping and freight industry.. IT boffins are creating it, VCs are funding it, Entrepreneurs are finding new uses for it, Freight Forwarders, Shipping lines, Banks and Ports are adopting it, riding the wave of digitalisation.. There are many use cases relating to technology in the …
China, often termed as “the world’s factory” cannot be separated from global trade and as of 2017, accounted for 15% of the world’s GDP, second only to the USA. When importing Chinese products, international freight movement is required and you will definitely deal freight forwarders. Unverified statistics indicate that in the city of Shanghai alone, …
The nature of logistics and transportation requires extensive labor and a culture of trust. A typical freight shipment endures dozens of touch points in the freight’s journey, and data entry or documentation capture is, unfortunately, an after-the-fact process. In actuality, the priority of those in each touch point is usually the freight, not necessarily the …
Further to the previous update on the Yantian Express, it has been reported that the cargo operations of the vessel has been completed and the Yantian Express has finally sailed Halifax on the 2nd of June 2019 after discharging all containers.. Yantian Express a 7,510-TEU vessel operated by Hapag Lloyd suffered fire on board in …
Innovation, creativity and digitalisation is in full flow within the shipping and freight industry.. The ubiquitous freight container has remained the same in terms of its design and structure and has not undergone much significant change in the last 50 odd years.. But in the recent past, it is being transformed quite dramatically.. Whether as …
Another one bites the dust.. By this I mean another shipper that is moving away from Paper Bill of Lading.. It is inevitable that influential shippers and shipping lines are embracing digital technology one after the other.. Whether it is India’s first blockchain enabled Letter of Credit transaction, the first smart bill of lading issued …
The freight forwarding industry in its current form has been around for several decades.. According to market research, the value of the global freight forwarding market in terms of revenue was more than US$142 billion in 2016, with an estimated year on year volume growth of 2.7%.. Freight forwarders small and large have been working …
KMTC HongKong a container ship caught fire at Laem Chabang, Thailand on the 25th of May 2019.. It was reported that 35 containers were on board when the ship caught fire.. Port Authority director Kamolsak Phromprayoon has been quoted as saying that “after a lot of efforts, the port officers successfully put out the fire …
2019 seems to be fast becoming the year of maritime disasters.. 🙁 There have been several maritime disasters one after the other in the recent years, especially in 2019.. In the latest incident on the 25th of May, a fire broke out on board a container ship KMTC Hong Kong, at the Laem Chabang port …