Centersource launches Timber Exchange, a digital marketplace for the forestry industry

Press Release on Shipping and Freight Resource

Centersource, a timber trade and technology company has launched Timber Exchange, a comprehensive marketplace and digital toolset for Forwarders, Sawmills, Importers, and Forwarders. Timber Exchange arrives just in time to help timber supply chain companies navigate the latest round of COVID-19-driven volatility, providing companies with the tools to remain profitable in a challenging market. The digital platform provides users a … Read more here..

Liability of a fraudulent freight forwarder – a live case study

Shipper vs Agent - Case Study

Even as the world of shipping and trade continues to battle with exceptionally high freight rates, cargo rollovers, container and space shortages, fraudulent freight forwarders and their scams seems to be raging on..

Below is a live case study from the USA which I received from a reader, which I am opening up to my readers to comment on..

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IMO welcomes UN resolution on key worker seafarers

shipping and freight news - shipping and freight resource

The United Nations General Assembly has called on UN Member States to designate seafarers and other marine personnel as key workers and to implement relevant measures to allow stranded seafarers to be repatriated and others to join ships, and to ensure access to medical care.

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Can a negotiable bill of lading be telex released..??

telex release - shipping and freight resource

Maybe because it is one of the most important documents in global trade, there always seems to be a degree of uncertainty around a bill of lading and questions such as this..

Many people have doubts regarding which bill of lading to issue, how many to issue..

There are also questions such as what is a Telex Release, how it works and under what circumstances a Telex Release maybe issued..

In this particular post, I will cover the circumstances under which a Telex Release maybe issued and whether a telex release can be actioned on a negotiable bill of lading..

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Carriers struggle with container shortages while rollovers increase

cargo rollover

Carriers struggle to cope with equipment shortages as transshipment ports see an increase in October cargo rollovers, reveals the latest Ocean Insights data.

Strong demand for container shipping space on major trade lanes from Asia to Europe and North America saw cargo rollovers increase month-on-month in October as carriers struggled to keep ocean supply chains operating smoothly.

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Help, shipping line won’t pre-date or back date my bill of lading

back dating bill of lading

Pre-Dating or Back Dating is when the shipper requests the shipping line to show the Shipped on Board date on the bill of lading as a date before the actual sailing of the vessel (example : the vessel actually sails on the 2nd of March but shipper wants the line to show the shipped on board date on the bill of lading as 28th of February)..

Why would a shipper want his bill of lading to be pre-dated or back dated and why would a shipping line reject this request..??

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IMO Environment Committee approves amendments to cut ship emissions

Draft amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity. 

Draft new mandatory regulations  to cut the carbon intensity of existing ships have been approved by the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC), meeting in virtual session from 16-20 November 2020..

This builds on current mandatory energy efficiency requirements to further reduce greenhouse gas emissions from shipping.

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Digital transformation in the forestry industry – what is needed

Shipping and Freight Resource Press Release

Industries across the world are witnessing a wave of digital transformation through disruptive technologies that promise to change the whole landscape of how things are done.

As an industry, forestry has not been left behind, and digital transformation has made its way into it.

However, technological advancements have surprisingly not made many changes in the processes within the industry.

  • We indeed have various software to speed things up with operations but are we really automating processes?
  • Have we been able to eliminate brokers or intermediaries who claim to facilitate processes within the industry but actually add layers that translate to complexity?

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Governments backtrack on climate change commitments – environmental organisations claim

News - Shipping and Freight Resource

Governments have backtracked on their own commitments to urgently reduce climate-heating emissions from the shipping sector, environmental organisations have said following a key meeting of the International Maritime Organisation (IMO)..

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BIC and DCSA collaborate to standardize container facility identification and digital access

Press Release

BIC (Bureau International des Containers) and DCSA (Digital Container Shipping Association) today announced completion of their collaboration to standardize the codes used to identify facilities such as depots, container yards, M&R vendors and other supply chain container facilities.

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