In the last few years, the international supply chain sector has been actively catching up with the digitization trends that took most other industries by storm. The top freight forwarding companies are trying to digitize their core processes rather than conducting them manually over phone calls, emails, and excel sheets. Moreover, in a time when…
As an independent freight forwarder, you are surely aware that international shipping of cargo entails a lot of preparation and paperwork. The growth of online shopping and the increasing demand for commodities have resulted in substantial growth of global shipping operations. There are several parties involved in international shipping starting from freight forwarders to shipping…
Years of economic development have allowed China to come up as one of the pioneers in the international container shipping industry. A well-connected network of ports has yielded several economic advantages for China. It has given Beijing greater control over the global maritime trade in general. The authorities in China are presently boosting the connectivity…
At the start of the new year, Indonesia banned exports of coal as the coal inventories of the country dropped to an all-time low. The country that was so far the world’s biggest coal exporter has put a ban on the exports of all types of coal to avoid a power crisis. In today’s post,…
Freight forwarders who regularly send out sea freight shipments are surely aware of the much-dreaded demurrage and detention charges. Demurrage and detention fees were introduced as compensation to the equipment and container owners for the use of their warehouses, container yards, freight stations and containers. These fees act as an incentive for the shipping companies…
The immediate aftermath of Britain’s departure from the European Union has resulted in unprecedented hardships for the transportation and logistics industry in both the UK and the EU. As 2021 has come to an end the full impact of Brexit on transportation and logistics is becoming apparent. As the industry started to recuperate from the effects…
As the peak shipping season draws near, the spot rates for Asia to Europe have increased by a whopping 30%. The shutdown of the Yantian Port in the second quarter of this year followed by the Coronavirus outbreak at the Ningbo Port in China witnessed massive disruption and capacity losses. The repercussion of the disruptions…
One of the latest concerns of the global container shipping industry is the problem of disappearing Chinese ships. Although it might sound odd, several vessels in Chinese seas recently disappeared from the tracking systems. This has been happening since the Chinese government introduced a new data law. Keep reading today’s blog to learn about the…
Ever since the container crisis and the hike in ocean freight rates, the transportation and logistics industry has become increasingly dependent on air freight services. As the Christmas season draws near, manufacturers, suppliers, and freight forwarders are trying to get their items moved via air freight. The air freight industry is trying to recover from…
The Coop’s 2nd Virtual Meeting that registered a record attendance has been successfully concluded. However, now that the most important part is over, it is time to think of an effective meeting follow-up strategy that will allow you to start working on the upcoming projects. Talking one-to-one with your business partners definitely constitutes the first…