Global trade keeps us connected with customers, consumers and industries around the world.. There are several modes of transport used in global trade – sea, air, land and rail.. Whichever mode of transport you use, even the most meticulously planned shipment can go awry either due to natural disasters or man-made errors.. Cargo damage is …
CargoX, the provider of the CargoX blockchain document transfer (BDT) platform, announced that they been granted prestigious approval by the International Group of P&I Clubs. The release says that CargoX It has become the first and only approved provider to use the neutral, public blockchain Ethereum network for its platform. The International Group of P&I …
Cargo rollover happens for a variety of reasons, at various stages and various places. Cargo rollover can cause significant delays and result in potentially crippling operations. Most shippers assume carriers would send rollover notifications, but only a few carriers seem to notify customers in advance that their cargo is about to be rolled or has …
Maritime shipping has one of the lowest carbon emissions compared to other modes of transport.. Despite this, the International Maritime Organization (IMO), the regulatory authority for international shipping, has been working to reduce the harmful impacts of shipping on the environment since the 1960s.. In April 2018, the IMO adopted an initial strategy on the …
Novel Coronavirus (COVID-19) the newest strain of coronavirus has been causing severe disruption particularly in China, the world’s second largest economy and a trade powerhouse for most of the countries around the world.. This in turn has caused severe disruption to trade and ship’s schedules around the world.. Many container lines announced blank sailings on …
TradeLens is a digital alliance among container shipping lines started by the teaming up of Maersk and IBM to offer customers digital freight solutions.. Touted as an open and neutral industry platform underpinned by Blockchain technology, Tradelens is supported by major industry players such as Maersk, Zim Lines, PIL, CMA CGM, MSC, Hapag Lloyd and ONE.. On the 23rd of …
Executive Insights is a series by Shipping and Freight Resource that provides ongoing insights and thoughtful analysis enriching the knowledge of the readers with what is happening in the shipping, freight, maritime, logistics and supply chain industry.. Executive Insights is also a chance to pick the brains of industry veterans, leaders and enablers.. In this …
The Incoterms® rules are a globally-recognised set of standards, used worldwide in international and domestic contracts for trade transactions.. Following its introduction in Incoterms® in 1936, these international commercial trade terms were revised in 1957, 1967, 1976, 1980, 1990, 2000, 2010 and most recently in 2019 (Incoterms® 2020) to accommodate changes as global trade developed and …
Coronavirus Image : ScienceDirect Coronavirus is defined as an enveloped non-segmented, single-stranded, positive-sense RNA virus named after it corona – or crown – like surface projections.. A novel coronavirus (2019-nCoV), is a new strain of coronavirus that has not been previously identified in humans or detected before the outbreak was reported in Wuhan, China in …
Image : BSU and Hapag Lloyd On the 3rd of Jan 2019, part of the Yantian Express a 7,510 TEU, 320m German-flagged ship of Hapag Lloyd went up in flames while on its way from Colombo to Halifax via the Suez Canal.. The fire that broke out was largely contained and brought under control after …