Tuesday, March 28, 2023

Digitalization

Digital transformation in shipping needs business transformation – Andre Simha

Executive Insights
Information technology has been truly transformative and a game changer especially in the last decade for the shipping and freight industry.. However, the implementation of these technologies requires focus, dedication, and determination, especially when tech jargon like...

The Future Trade Forum and the evolving landscape of global trade

Digitalization
The inaugural Future Trade Forum is set to happen from the 29th to the 30th of March 2023 at the Sands Expo and Convention Centre, Marina Bay Sands, Singapore. The Future Trade Forum has been initiated by...

Conversion of bill of lading to electronic bills gains traction with BIMCO’s 25 by 25 pledge

Digital Trade Documentation
Some of the world’s biggest shippers in the bulk sector have made a commitment to target moving 25% of their annual seaborne trade volume...

Traxens upgrades container tracker to meet new explosion safety requirements on ships

Digitalization
With the shift to green methanol-powered vessels and the increasing safety requirements by the International Maritime Organization, various shipping products are now being subjected...

CargoX and CEBS launch partnership to help customers migrate from TradeLens

Data Standards
Businesses that started using TradeLens for their electronic bill of lading have been scrambling to migrate their electronic trade document processing to a new...

Jeddah Port scoops Port of the Year Award beating top international rivals

Digitalization
Jeddah Islamic Port, part of The Saudi Ports Authority (Mawani) won the Port of The Year and Digital Transformation awards at the 7th Green...

Bills of lading will be 100% electronic by 2030 – DCSA member lines commitment

Bill of Lading
The paper bill of lading, one of the oldest documents in global trade dating back to the 17th century may be a thing of...

Cédric Rosemont – Telematics and IoT strongman takes over as CEO of Traxens

Digitalization
Traxens, a leading smart-container service provider for the global supply chain industry, recently announced the appointment of Cédric Rosemont as CEO of Traxens. Cédric is...

Surecomp onboards WaveBL to its fintech hub RIVO to enhance digital trade finance

Bill of Lading
Surecomp, a digital trade finance solutions provider for banks and corporations has announced that it is partnering with WaveBL, a blockchain-based digital platform, to...

Proof of Interoperability sparks sign ups for trade documentation transfer – CargoX

Digital Trade Documentation
CargoX, one of the few electronic trade documentation transfer platforms approved by the IG P&I Clubs for electronic bills of lading is reportedly seeing...

Questions to expect from lawmakers for adoption of MLETR – learning from the UK

Digital Trade Documentation
The introduction of the Electronic Trade Documents Bill in the UK Parliament is of paramount importance to the digitization of global trade as the...

I asked ChatGPT “What to do if I lose my original ocean bill of lading”

Bill of Lading
Many of you may have heard of and come across the recently launched ChatGPT App developed by San Francisco-based artificial intelligence company OpenAI.. If...

France working on accelerating electronic trade documentation and trade finance

Digitalization
Following the announcement of the UK to legislate electronic trade document transfer, long-time trade rival and erstwhile EU partner France is now looking to...

TradeLens to be shutdown due to lack of commercial viability

Digitalization
TradeLens, an open and neutral industry platform underpinned by blockchain technology started by Maersk and IBM to offer customers digital freight solutions will soon...

South Korea adopts cross-border paperless trade agreement 

Digitalization
The Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, a UN treaty deposited with the Secretary General of the...

Risks and Liabilities of paper trade documentation in current disruptive environment

Bill of Lading
Global trade has been around for centuries and since the introduction of paper some 2000 years ago, paper has been widely used in global...

Single window for EU customs created and new rules adopted for digital collaboration

Customs
Efficient customs clearance and controls are essential for the smooth flow of global trade. One of the ways in which countries are achieving this...

Railway tank cars to become intelligent

Digitalization
Railway tank cars are designed for the carriage of hazardous gases such as propane, butane, ammonia, and other mixtures. These cars are also used for...

UK is a few steps away from legislating electronic trade document transfer

Bill of Lading
World merchandise trade was valued at USD28.5 trillion in 2021 and as per the latest figures from the Department of International Trade, international trade...

How AI is impacting shipping and logistics in a post-pandemic world

Digitalization
The pandemic caused many changes and hiccups within the U.S. economy, including several supply chain issues. While things are slowly getting back to normal,...

Solutions to expedite adoption of electronic trade document transfer identified

Digital Trade Documentation
Electronic trade documentation has been around since the 1990s but gained serious momentum in the last few years and especially during/after the pandemic. However,...

Interoperability between electronic bill of lading platforms put to the test

Digitalization
An industry survey of 400 logistics executives and supply chain experts by CargoX, found that (among other issues), 45% of respondents said issues of...
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