Transnet Port Terminals (TPT), the State Owned Enterprise responsible for the operation of port terminals in South Africa has officially declared Force Majeure at the container terminals of Durban, Ngqura (Coega), Cape town and Port Elizabeth.
This declaration comes on the back of speculation that Transnet was the victim of a cyber-attack, something that was not confirmed by TPT till the 26th of July 2021.
A Bill of Lading (B/L) is one of the most commonly used commercial documents in the history of shipping and freight.. This document is issued in one form or the other for all shipments whether container, bulk, break bulk, RoRo or in other forms of carriage..
A Bill of Lading has 3 basic functions.. But which is the most important function of the bill of lading..??
IMO Secretary-General Kitack Lim has welcomed the World Health Organization‘s decision to name seafarers as one of the groups of transportation workers that should be prioritised for COVID-19 vaccination in instances of limited supplies.
To facilitate implementation of its just-in-time (JIT) port call standards, DCSA has released interface standards and messaging API (application programming interface) specifications for the first 18 event timestamps defined in its JIT port call data definitions.
The Federal Maritime Commission has established a new audit program and dedicated audit team to assess carrier compliance with the Agency’s rule on detention and demurrage as well as to provide additional information beneficial to the regular monitoring of the marketplace for ocean cargo services.
The activity of Freight Forwarding has been around for many years and there has been a recent resurgence of the forwarder especially in the form of a digital freight forwarder. Unfortunately fraudulent freight forwarders have permeated this industry as well.
Like any industry, freight forwarding has its good and bad sides and it is quite easy to become a victim of fraud and most of the time, freight forwarders are not associated with the crime or fraud and they may be co-victims just like you.
Here are some of the ways of fraudulent freight forwarders and their scams.
There are cases where a container maybe discharged with a seal number that is different from what has been manifested and shown in the bill of lading..
Seal number discrepancy between manifest and container happens more times than you can imagine and this happens all over the world..
How and why does this seal number discrepancy happen and what steps should a consignee take when it happens..??
2021 marks a decade of action since IMO adopted the first set of mandatory energy efficiency measures for ships.
The International Maritime Organization (IMO) is marking a decade of action on cutting greenhouse gas emissions from shipping, since the first set of international mandatory measures to improve ships’ energy efficiency was adopted on 15 July 2011, as part of the International Convention for the Prevention of Pollution from Ships (MARPOL).
Be it any business, success and growth depend on the optimization of every process. Likewise in logistics, order fulfillment in the warehouse plays a critical role in its success. Though this process looks simple it probably isn’t.
The sweet taste of freedom was probably being experienced by all concerned with the Ever Given as it was released by Suez Canal authorities on the 7th of July – a good 106 days after becoming one of the most talked about ships in the world, by even those who were not interested or knew about the business of shipping..
Further to the below, the update as of the 12th July is that the Ever Given is showing that it is sailing en route to Rotterdam which was its original destination before passing through and getting stuck in the Suez Canal..
Port Congestion, equipment and space capacity crunch are impacting businesses with supply chains and consumers heavily impacted..
In a webinar, Rachel Premack, Senior Investigations Reporter at Business Insider, Michael J Gordon, Senior FMC Advisor (retd), and Adam Compain, SVP of Global Growth at project44 discuss how rising freight prices have set off a domino effect, manifesting across supply chains through port congestion, drayage holdups, dropping inventories, inflation and lengthening lead times..
They reference insights from a market survey of over 200 supply chain professionals and talk through a possible timeline to a freight market cool down, when it can potentially happen and the circumstances that will lead us there..
Hapag-Lloyd successfully closed the acquisition of the Dutch container shipping company Nile Dutch Investments B.V. (NileDutch) on the 8th of July 2021.
After signing a sales and purchase agreement in March, Hapag-Lloyd has now formally acquired all shares of the company after all responsible antitrust authorities had approved the transaction.
In one my previous articles, I explained the Difference between Demurrage and Detention..
After reading this, a few of my readers have asked me to explain the causes of demurrage and detention..
There are several reasons a container(s) can incur demurrage and/or detention or combined demurrage and detention.. Here are some of the major reasons..
ZIM Integrated Shipping Services Ltd. (“ZIM”) (NYSE: ZIM), and Seaspan Corporation, a wholly-owned subsidiary of Atlas Corp. (“Atlas”) (NYSE: ATCO), announced today a new strategic agreement for the long-term charter, with monetary value in excess of $1.5 billion, of ten 7,000 TEU liquefied natural gas (LNG) dual-fuel container vessels, to serve across ZIM’s various global-niche trades.
The FMC set up Fact Finding 29 in March 2020 in response to many complaints raised with the FMC to investigate challenges to the freight delivery system in the USA and possible violations of the Shipping Act..
Commissioner Rebecca F. Dye was tasked by the FMC to carry out the investigation with the full authority under 46 C.F.R. §§ 502.281 to 502.291, to perform such duties as may be necessary in accordance with U.S. law and Commission regulations..
In her Executive Summary to the Subcommittee on Coast Guard & Maritime Transportation in June, Commissioner Dye reported that four key key measures to improve efficient cargo movement in US Ports have been identified..