MSC accelerates adoption of electronic Bill of lading (eBL) in India with WAVE
The Electronic version of the most powerful document in shipping – the Bill of Lading has been making news for quite a while..
I wrote earlier that 2020 will be remembered as the year that saw the beginning of the end for the paper “Bill of Lading” and the year in which the switch to “Electronic Bill of Lading” (eBL) began in earnest..
Carriers are pushing more and more for the adoption of the eBL in various regions of the world with the aim to improve documentation flow and avoid costly delays to customers..
MSC has just released a statement confirming that they will be accelerating the adoption of their eBL with the WAVE platform in India..
Creating a common environment for smarter collaboration – Executive Insights with Wesley Mann – Turvo
Executive Insights is a series by Shipping and Freight Resource that provides ongoing insights and thoughtful analysis..
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 Wesley Mann, Senior Product Manager at Turvo, on how digitalisation helps create a common environment for smarter and faster collaboration in logistics..
Allow crew changes to resolve humanitarian crisis says Mr.Kitack Lim
A humanitarian crisis is taking place at sea and urgent action is needed to protect seafarers’ health and ensure the safety of shipping, the IMO Secretary-General Kitack Lim has warned.
In a strong statement issued ahead of the General Assembly of the United Nations, he called on governments to take swift action to resolve the crew change crisis.
Using blockchain to mitigate risk in container operations – a researcher’s perspective
The theory is that an adopter of technology will not be eager to join in because the technology looks fancy. A difficulty that Blockchain is struggling to address is that its true potential might only be realized when everyone is on board, but the benefits it brings back might not be visible to all or is not tangible.
The managing board expects the providers to show them how their solution would help them make money while ensuring an acceptable level of risk, not how much they have to pay to join in another platform that they have to add to their collection of systems to be maintained.
The role of CIOs and CTOs is therefore critical to make his/her company become an educated buyer in this emerging market.
A recent study by Son Nguyen, Peggy Shu-Ling Chen, and Bill Yuquan Du at Australian Maritime College, University of Tasmania, Australia revealed the potential of the increasing complexity of system management and the emerging of multiple-event risk scenarios originated from the information flow of the industry.
Product Review : Ocean Insights’ ocean freight visibility platform
Global sea trade has been trading blind for centuries because once the ship left the port of load with the goods, there was very little visibility on the whereabouts of the ship or the condition of the cargo till it arrived at the destination..
Historically, the shipping and freight industry has been slow to adopt new technologies and standards, unlike its airborne cousin which is highly standardized and regulated internationally..
The advent of containerisation and intermodalism, made ascertaining the whereabouts of a container all the more difficult because containers move to remote locations with relative ease using a combination of rail and road options..
With the exponential increase in the movement of container volumes around the world, it would be impossible to meet all the requirements of the customer using manual processes..
There has been a noticeable acceleration in the digitalisation of the industry in the last decade and this digital evolution is set to shape the future of the industry..
As much as the industry needs to embrace the digital evolution and the competitive advantage it can provide, there are several challenges as well.. It is more than just about getting together the required hardware and software and converting a paper based model to a systems based model..
It requires innovation.. Innovation is not a product but rather a culture that needs the right people following the right methodology using the right tools with the right thinking..
One company that presents innovation as being at the heart of its service offering is Ocean Insights – Innovators in Container Tracking..
Here is my review of Ocean Insights’ container freight visibility platform and what the industry can expect from this platform..
TT Club’s signposts to a digital future
Leading freight transport and logistics insurer TT Club is reflecting the evolving digital landscape in its new logo and revamped website. Increased accessibility to data, information and streamlined processes are the key aims of the insurance specialist’s investments in digitisation.
Although COVID-19 has accelerated digitalisation, TT had already embarked on its path to digital transformation.
Blockchain transaction capacity and speed boost for shippers as Shipchain’s ‘MAINNET’ goes live
Complete supply chain transparency, unprecedented security, and the transactional capacity to serve the needs of even the largest Fortune 500 and Global 500 companies are all now possible following the launch of ShipChain Mainnet.
This launch is a significant milestone toward achieving a modular system across the entire supply chain.
With all the uncertainties in the world today, it gives supply chain decision-makers the incentive to move from considering how blockchain might be used in global supply chains to realizing its evident promise across transport modes and continents.
Liner and Tramp Service – similarities and differences
Currently, there are more than 55,000 merchant ships plying global trade around the world..
These ships include General Cargo ships, Bulk and Break Bulk ships, Container ships, Chemical, Oil and LNG Tankers, Passenger, and various other types of ships..
While these are types of ships, these ships could be operating on two main types of services – Liner and Tramp services..
Should the Captain of the Wakashio be held responsible for dead dolphins
Any maritime disaster will have severe impact on assets, people and environment.. The effects of the oil spill from the Wakashio is beginning to manifest itself as there have been several reports of dead dolphins washing ashore on the beaches of Mauritius, even as the bow of the ship has been scuttled and sunk about 14 nautical miles of where the incident happened..
The Captain of the Wakashio has been arrested and charged and currently faces a possible 60 year jail term for failing to safely navigate the vessel in Mauritius waters..
What is your opinion..?? Should the Captain of the ship be responsible for this incident and is a possible 60 year jail term (if convicted) justified..??
What is Dangerous Goods Declaration and who should submit it..??
The safe carriage of Dangerous Goods requires several considerations, processes of approval, acceptance, carriage protocols and documentation..
For the shipping line/carriers, while containerisation brought along ease of handling cargo, it also brought about the headache of not knowing WHAT IS INSIDE THE CONTAINER..
Carriers have no way of knowing what is inside the container and depend on the STC and SLAC information provided by the shipper..
For dangerous goods, this cargo information is provided to the carrier in the form of the Dangerous Goods Declaration..
What is a P&I Club, what they do and why we need them in our lives
P&I Clubs have become an integral and important part of the maritime business.. This article discusses what is a P&I Club, what they do and why we need them..