Digital Container Shipping Association (DCSA), a neutral, non-profit group established to further digitalisation of container shipping technology standards, in conjunction with its nine-member carriers, today published standards for the exchange of operational vessel schedules (OVS).
“There is an urgent need for inter-governmental organisations, governments and industry stakeholders concerned with maritime trade and logistics to come together and accelerate the pace of digitalisation“..
This is the message from several industry bodies representing a range of shipping, port, cargo handling and ship operating organisations..
In today’s global trade, handling of container transport and supply chain is not that easy and comes with a plethora of problems. Lack of visibility is one of the main problems that customers face.
Lack of visibility of a shipping container’s location and its condition during a trip may lead not only to unexpected delays but also to possible theft and deterioration of goods especially if these problems are noticed far too late.
In many situations, it is also difficult to ascertain and be assured that the goods have traveled in the optimal condition especially with perishable cargo or hazardous cargo shipments.
Without visibility, shippers cannot expect the fastest, safest and importantly, the most ecological routes for their shipments.
Time saving and product quality are key factors in a well functioning supply chain, and more and more companies are looking to choose solutions that provides visibility of their shipments.
As we have seen and read, the digital advances in the shipping and freight industry has given rise to the “digital shipping line“ with several shipping lines providing several digital services to customers either on their own or through digital alliances or associations such as TradeLens and Digital Container Shipping Association (DCSA)..
In line with this, Evergreen Line became the latest shipping line to provide digital services to its clients, fulfilling its mission to provide the most optimized service to its customers..
The TradeLens Agreement which “authorizes the parties to cooperate with respect to the provision of data to a blockchain-enabled, global trade digitized solution that will enable shippers, authorities and other stakeholders to exchange information on supply chain events and documents” is seemingly cleared to go live as it goes unchallenged within the timeframe given by FMC..
TradeLens is a digital alliance among container shipping lines started by the teaming up of Maersk and IBM to offer customers digital freight solutions..
Touted as an open and neutral industry platform underpinned by Blockchain technology, Tradelens is now supported by major industry players such as Maersk, Zim Lines, PIL, CMA CGM, MSC, Hapag Lloyd and ONE..
This platform received a major boost on the 23rd of December 2019 when The Federal Maritime Commission (FMC) published “The TradeLens Agreement”..
Trade as we know it (or don’t know it) has been around for centuries in various forms across various time-lines..
Starting from trade on the Silk roads around 1st century BC, through the Spice Routes between the 7th and 15th centuries to the current age of globalisation, trade has come a long way indeed..
While the business of trade itself hasn’t changed from the basic concept of buying and selling, the methodology of trade and trade patterns have changed drastically especially over the last few decades..
Developing, implementing and providing new digital solutions to its customers lies at the core of G2 Ocean’s business.
For many companies in the shipping industry, where the digital transformation is moving slower than many other industries, new developments such as Blockchain, Internet of Things, Big Data, Machine Learning and Artificial Intelligence are merely buzzwords.
But not to G2 Ocean. Since the company launched in 2017, it has had a continuous focus on developing and implementing new digital solutions for its customer, employees and partners.
The world of shipping and freight is getting bigger and bigger but thanks to all the technological advances and digitalisation it is also bring all players in the industry closer than ever before..
However, meeting people face to face, sharing issues of mutual interest and benefit and thrashing out common problems and finding solutions has a special flavour and charm to it.. Not to mention the experience you gain out of meeting experienced people..
Intermodal Europe 2019 to be held between the 5th and 7th of November at Hamburg Messe promises to bring out the best in terms of its offering to the industry..
Some of the interesting topics presented include………………………….