Product Review : Centersource Platform

pr

Timber is one of the most common and popular forestry products shipped around the world, in various forms, using general-purpose ships, specialised log carriers, and also in containers..

The global export value of just Sawn Timber Softwoods (one of many different types of timber and forest products) is reported to be around $22 billion out of a total forest product export value of around $270 billion..

Due to the nature of the commodity, timber is usually moved in large quantities across various trade lanes and there are several processes to be followed for the shipment..

Right from order placements, creating the required documentation, transferring the same, booking the cargo with the lines, monitoring the movement of the same and ensuring the supply timelines are met, there are many intricate processes involved..

Many of these processes are still done manually, which results in inefficiencies in the business..

As per industry research, people spend a lot of their daily time on below points

  • 40% of their time trying to calculate CIF prices for the product
  • 25% sending offers
  • 65% drafting documents
  • 40% sharing information and trying to stay up to date
  • 20% tracking and tracing their shipments
  • 80% of those interviewed said they use Excel or Shared Folders to organise their shipment deals and files
  • 100% said they communicate using phones and email
  • 100% rely on free-tools (not always the most reliable) to track shipments
  • 64% of the respondents said sharing or collecting market updates is their largest problem

What if there is a platform that says you can do all of the above seamlessly and more efficiently..

As per Centersource, their Timber Exchange platform can do all of the above and even save you money while doing it.. Here is my review of their platform..

Go to full article >>>

TT Club focusses on temperature-controlled cargo losses

reefer cargo claims

The leading international freight transport and logistics insurer, TT Club has drawn attention to action required to reduce perishable cargo losses and refrigerated container failures and damage.

Analysis of the specialist insurer’s claims records for transport operators over the past three years shows temperature-controlled incidents ranking in third place.

Almost 30% of these incidents involved a miscommunication of operational instructions on care of the cargo with a further 23% down to temperature setting errors. Reefer equipment failure or damage accounted for a quarter of the reefer claims. 

Go to full article >>>

Safeguards against shipping and freight fraud

featured image for fraud post

Over the years, I have received several queries from readers around the world asking for my opinion and advice on situations relating to shipping and freight fraud..

Many have been duped by forwarders, taken for a ride by shippers and intermediaries, made to pay double so on and so forth..

Here are six safeguards to follow against some of these shipping and freight fraud..

Go to full article >>>

Implications of issuing a Clean on Board bill of lading

Many a time, shippers have asked shipping lines for “CLEAN ON BOARD” clause on a bill of lading and if the request relates to a container shipment, this might have very well been rejected by the shipping line..

Why do the shipping lines reject this..?? 

Go to full article >>>

Half of the world’s container cargo data is on a single blockchain platform

Press Release

With two more major shipping leaders actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform..

Major global container carriers MSC Mediterranean Shipping Company (MSC) and CMA CGM announced on the 15th of October 2020 that they are now integrated onto TradeLens (www.tradelens.com), helping ensure a more fully integrated, timely and consistent view of logistics data for their containerized freight around the world.

Go to full article >>>

Heavy cargo rollovers observed in September as per Ocean Insights data

Supply chain disruption due to container rollovers at leading transshipment ports eased marginally for shippers in September compared to August.

However, the ratio of rollovers remained far higher compared to a year earlier at most hubs, according to Ocean Insights, the world’s leading real-time and predictive ocean container tracking data provider to forwarders and shippers.

The latest global container port rollover findings were compiled by analyzing Ocean Insights’ proprietary global container tracking data through to the end of September.

Go to full article >>>

Cargo theft continues to hamper growth in South African supply chains

cargo theft statistics and trends

The prevalence of cargo theft incidents continues to have a material impact on stakeholders in the supply chain in South Africa.

Analysis of recorded incidents, increased data sharing agreements, collaborations, and widespread dissemination of findings all serve to improve our understanding of the underlying risks.

Throughout 2020, several cargo theft trends developed in South Africa. The threat and violence involved with cargo theft hijackings in South Africa are historically the primary concern for supply chains in the region.

In addition to historical risks and trends, the first half of 2020 saw an increase in thefts from facilities and theft locations diversified between the first two quarters of 2020, reaching the Eastern Cape and Western Cape.

Additionally, food and beverage and medical supplies saw an elevated risk throughout the start of 2020. Understanding these developing risks, coupled with the continual threat of in-transit operations in the country, and how to mitigate the impacts they may have on your organization is crucial in building a truly resilient supply chain.

These are some of the highlights of a new report by TT Club and BSI on South Africa’s ongoing vulnerability to cargo theft as well as the trends during the first half of 2020.

Go to full article >>>

A day in the life of a Dangerous Goods (DG) Approver

Image for day in the life of

“A day in the life of…..” is a series of posts which covers activities that happens in a typical day in the life of one of the many on shore and off shore personnel in the shipping and freight industry..

In this post, we look at the typical workflow and how “A day in the life of a DG Approver (DG Desk)” progresses.. 

Go to full article >>>

How to achieve cost saving through digitalisation in shipping

Opinion Piece

Digitalisation is the use of digitisation (the transition from an analog format to a digital format) and digital technologies to convert your business to a digital business..

Digitalisation has been the buzzword in the shipping and freight industry in the last decade.. Its influence and coverage in the industry is increasing day by day..

Apart from the increase in efficiency and speed to market, one of the main advantages of digitalisation is cost saving..

There are several areas where cost can be saved using digitalisation.. Central among this cost saving opportunity is Time which is an important commodity and when it comes to shipping and freight, time is really money..

Digitalisation can assist customers a great deal in terms of saving cost on avoidable costs..

Go to full article >>>

FMC questions definition of “merchant” in carrier bill of lading

My Opinion

This definition of the term “Merchant” has caught the attention of the Federal Maritime Commission (FMC) who is soliciting public comment as to

  1. How VOCCs apply the term “Merchant” in their bills of lading;
  2. Whether the definition, as applied, subjects third parties who are not in contractual privity with the carrier to joint or several liability; and
  3. Whether carriers have enforced the definition of merchant against third parties that have not consented to be bound by, or otherwise accept, the terms and conditions of the bill of lading.

I have shared my personal opinion on this.. Have a read and share yours..

Go to full article >>>

Key protocols to support safe crew change updated

shipping and freight news - shipping and freight resource

IMO has issued updated protocols to ensure safe crew change during the COVID-19 pandemic.

The Framework of Protocols was first issued on 5 May 2020 and has now been revised, with the principle purpose of emphasizing the need for compliance and strict adherence with COVID-19 testing and quarantine requirements, reflecting that these are now a reality in many national jurisdictions.

Go to full article >>>

Share