Ocean Carriers to receive Information Demand Orders from FMC – FF29

FMC - Fact Finding 29 - shipping and freight resource

On 17th of Feb 2021, based on Fact Finding 29, the FMC has announced that Commissioner Rebecca F. Dye will issue information demand orders to ocean carriers and marine terminal operators (MTOs) to determine if legal obligations related to detention and demurrage practices are being met.

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Ngozi Okonjo-Iweala – first woman chief of World Trade Organization

news - shipping and freight resource

The World Trade Organization has officially selected Dr.Ngozi Okonjo-Iweala, a Nigerian economist and former finance minister, to be its next chief making her the first woman and the first African to lead the World Trade Organisation.

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Executive Insights – Lars Jensen, Sea Intelligence Consulting

Executive Insights - Lars Jensen

Executive Insights is a series by Shipping and Freight Resource that provides insights and thoughtful analysis about the industry..

This series features selected individuals from the industry and is aimed at enriching the knowledge of the readers with what is happening in the shipping, freight, maritime, logistics, and supply chain industry..I

In this edition of Executive Insights, we caught up with Lars Jensen – CEO of Sea Intelligence Consulting, on his views of the happenings in container shipping currently..

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Ngozi Okonjo-Iweala set to become WTO’s first woman director-general

news - shipping and freight resource

With the dropping out of South Korea’s Trade Minister Yoo Myung-hee from the race for Director General of the World Trade Organisation (WTO), the path is now clear for Nigerian economist and former Finance Minister Ngozi Okonjo-Iweala to become the first woman and the first African to lead the World Trade Organisation.

Okonjo-Iweala, has been favoured by many WTO members, including the European Union, China, Japan and Australia to become the 7th Director-General of WTO.

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Richards Bay Terminal enforces Force Majeure due to Eloise

storm eloise transnet

Cyclone/Tropical storm Eloise which hit Beira in Mozambique late January has reportedly caused severe damage in South Africa as well.

As a result of this several port operations in South Africa has been hampered. Richards Bay Terminal operated by Transnet Port Terminals has declared Force Majeure due to same.

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Ocean Freight rates 2021, an Indian perspective

cost savings

2020 will be remembered by many as one of the years that has caused maximum upheaval in terms of freight rates, space and equipment capacity in all markets around the world.

While the impact on the Trans-Pacific and Trans-Europe has been the maximum, other trades like the India trade has also been affected quite substantially.

These never before seen steep increases especially on the exports, has sent the export community in India into a frenzy as shipping lines continue with the increases one after the other.

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Executive Insights – Rafael Llerena, CEO of Easyfresh

Executive Insights – Rafael Llerena, CEO of Easyfresh

Executive Insights is a series by Shipping and Freight Resource that provides insights and thoughtful analysis about the industry..

This series features selected individuals from the industry and is aimed at enriching the knowledge of the readers with what is happening in the shipping, freight, maritime, logistics, and supply chain industry..

Executive Insights also gives you a chance to pick the brains of these industry veterans, leaders, and enablers..

In this edition of Executive Insights, we caught up with Rafael Llerena, CEO of Easyfresh, on aspects of perishable shipments and matters relating to Reefer Logistics..

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Get Informed Quickly: The world of shipping and freight in 50 Words

50 words app - shipping and freight resource

In 2012 there were less than 2 million blog posts every day and in 2020 just over 10 million blog posts have been published every day across all topics.

And perhaps, the most sobering statistic: five exabytes (or 5 billion billion bytes) of data could store all the words ever spoken by humans between the birth of the world and 2003. In 2011 alone, five exabytes of content were created every two days.

Based on these numbers, we could be excused if we miss out some very important things or salient happenings in our industry due to all the digital clutter that we face every day.

But if you are interested in identifying and consuming information related to shipping and freight that matters, help is at hand in the form of a nifty app that gives you a snapshot of the important information that you need in less than 50 words.

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