The world of shipping involves several commercial, documentary, operational and financial processes..
While there have been many developments in the industry, a lot of the documentary processes in shipping and freight has stayed much the same for many decades..
Delays in document transmissions which could take anywhere between 5-10 days with the added risk of loss or delay of documents have severe consequences such as demurrage, detention and/or port storage, possible loss or cargo damage due to non-clearance and abandoned cargo..
CarogX Platform, a neutral, public blockchain-based platform is offering to provide a solution which will help to digitalize the trade documentation process using BDT (Blockchain Document Transfer) and reduce document transmission time to 20 seconds..!!
I took the platform for a test drive to see how it works and if it can assist the industry in saving costs and making the process of document transfer simpler, easier, economical and more importantly, secure and safer..
The APL England, a 5,780 TEU capacity containership which lost around 40 containers off the coast of New South Wales in Australia has been detained in Brisbane by the Australian Maritime Safety Authority (AMSA) since the 26th May..
After AMSA inspectors were satisfied that the ship was fit to sail, the empty APL England was released on 19th of June and allowed to sail from Australia to undertake repairs in China..
If you are in the business of international trade you would have no doubt heard about a Certificate of Origin.. But not everyone is familiar with what is a certificate of origin, why it is required, who issues it etc.. This article aims to clarify these points..
A Trade agreement is a contractual arrangement between countries concerning their trade relationships and how they conduct trade with each other..
Customs department in the importing country may require a “proof of origin” in order to determine whether or not the cargo that is imported may be subjected to trade measures such as the preferential duty tariff (for stuff that is imported from with the PTA bloc), free trade deals, prohibited goods etc..
Haven, Inc., the California-based Software as a Service company that produces the premier Transportation Management System for international shippers, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers”.
The World Economic Forum’s Technology Pioneers are early to growth-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. Technology Pioneers community is an integral part of the larger Global Innovators community of start-ups at the World Economic Forum.
The latest WTO statistics say that world trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world. A resilient supply chain is essential to ensure a strong global trade.
Our survey on the impact of COVID-19 pandemic on the supply chain industry revealed how vulnerable the industry was with the results showing that 35% of the market was totally unprepared for it and 59% of the market was severely impacted by it.
Based on these results, on the 4th of June 2020, we organised a Webinar sponsored by Ocean Insights on how the future of global supply chains would look.
This webinar, hosted by Eric Johnson, Senior Technology Editor of the JOC featured Steve Kranig of IM-EX Global, Inc., Pritam Banerjee of Asian Development Bank and Robin Jaacks of Ocean Insights as panelists.
For those of who missed out on this insightful and informative webinar, here is a synopsis of what was discussed.
The Master of the APL England was charged for offences relating to pollution and/or damage of the Australian marine environment as a result of poor cargo loading but has been allowed return home on certain bail conditions while the ship is still detained in Brisbane..
A look at some of the comments from some Captains, seafarers and industry experts on whether ship Captains be personally responsible for the safety of cargo on board..??
The world’s reliance on maritime transport makes it more important than ever to keep ships moving, ports open and cross-border trade flowing, and to support ship crew changeovers, the United Nations maritime and trade entities said in a joint statement.
The International Maritime Organization (IMO), which regulates shipping, and the United Nations Conference on Trade and Development (UNCTAD), which tracks world trade, reiterated calls for Governments to promote crew well-being by allowing crew changes and ensuring seafarers and other maritime personnel have access to documentation and travel options so that they can return home safely.
A ground-breaking Global Industry Alliance (GIA) has been launched to tackle two of the most pressing environmental issues of our time – invasive species and greenhouse gas (GHG) emissions.
The GIA brings together stakeholders in the private sector and the GloFouling Partnerships, a project led by United Nations entities to address the transfer of harmful aquatic species through biofouling.
I am not a seafarer, but I have had the privilege of being onboard different types of ships when I was handling them operationally many years ago..
There is something about some of the ships that I have worked on that has given me a sense of comfort and made me feel at home like I belonged there..
I said “some” ships because some ships didn’t give me that feeling and gave me a sense of uneasiness and I have felt like wanting to get out of there ASAP..
Mind you, I am talking about the “ship” and not about the people onboard the ship..
Well, it turns out that not just me or the ship’s crew that have a connection with the ship, but also Marine Pilots have or get this “feel of the ship” which they are navigating in and out of ports and it is quite important for them to get the feel of the ship..
I found this out when I got talking to Capt.Roberto Caballero Vega a Panama Canal Pilot of over 25 years who very kindly allowed me to reproduce his article about “The feel of the ship: The essence of Piloting” below..