Some of the most important players in the transportation and logistics industry have united to accelerate the process of digital transformation in the ocean freight shipping industry. BIMCO, FIATA, DCSA (Digital Container Shipping Association), ICC (International Chamber of Commerce) and SWIFT have signed an MOU for standardizing the digitization of global commerce. Keep reading today’s…
The sea freight shipping industry counts on more than 800 active ports on the planet. Manufacturers, retailers, buyers, and suppliers across all sectors depend on ocean freight shipping services for importing and exporting shipments. As per World Shipping Council, over 6000 container ships ply the seas everyday moving around 226 million containers per year. The…
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…
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…
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…
After centuries of dependence on manual processes, the container shipping industry is finally riding the digital wave. Although the freight forwarding industry has been quickly adopting digital trends, one sector that is relatively backward in this regard is the sea freight shipping sector. However, in the past few years, the container shipping sector is resorting…
The recent crisis in the container shipping industry has resulted in a surge in new shipbuilding orders. The container shipping industry has been grappling with the problems of space shortage, blank sailings, and equipment shortage since the end of the first quarter of 2020. Moreover, the tremendous increase in consumer demand has also added to…
The present scenario in the sea freight shipping industry has posed a major problem for shippers. To begin with, the freight rates are high, and then there are the added problems of container shortage, port congestion, and high demand for space. As per a report by CNBC, “Shipping costs have skyrocketed as desperate companies wait…
A container ship with tonnes of chemicals has started sinking off the Sri Lankan coast. Already heaps of plastic pellets have polluted the fishing waters in Sri Lanka and the authorities are viewing this as one of the country’s most appalling marine disasters. Keep reading today’s blog to find out a detailed report about the…