Another shipping line goes electronic with their bills of lading, this time Hapag Lloyd

electronic bill of lading - mletr

Global trade rebounded in Q1 2021, increasing by about 10% YoY and 4% QoQ. It is expected to further rebound in Q2 and projected to grow by 16%. However the outlook remains uncertain as per UNCTAD.

While global trade grows and shipments crisscross across the globe, the documentation for these shipments are still in paper mode even in this digital age.

Dealing with physical printing of paper is a practice that the shipping industry continues to depend on and these paper documents includes insurance policies, invoices and some very important documents like bills of lading.

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CMA CGM to stop all spot freight rate increases

shipping and freight news - shipping and freight resource

The shipping industry and particularly exporters and importers have been subject to heavy freight rate increases since the 3rd quarter of 2020 increasing from around $2,032/40′ in September 2020 to $10,519/40′ in September 2021.

Many customers have been complaining about the attitudes of shipping lines who they claimed were breaching contracts and demanding higher spot freight rates.

Perhaps taking cognisance of this, CMA CGM, the world’s fourth largest container shipping line has taken a decision to stop all spot rate increases.

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What is the difference between a shipper owned container and a carrier owned container ??

shipper owned container and carrier owned container

What is the difference between a shipper owned container and a carrier owned container..??

A shipper owned container is a container owned by the shipper of the goods and a carrier owned container is a container owned by a carrier..

But the question may be a bit deeper than just the difference in definition between the two.. Let’s see..

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Biggest problems facing customers in container shipments

problems with container shipments

Disruption, Innovation, Big Data, IoT, SaaS, Digital freight forwarders, Blockchain.. No its not a Thesaurus test..

These are just some of the big fancy words thrown around in the market and media currently in relation to shipping and freight..

These tools are all (or should be) designed to assist the customer, whether you are a buyer, seller, trader, forwarder, NVOCC or shipping line to conduct their business smoothly and efficiently..

Yet with all these advances, innovations, digitization etc customers still have problems with container shipments on a daily basis.. Whether it is with a shipping line, with a forwarder, with customs, with port, with hauliers etc etc etc, there are still many problems on a daily basis..

So my question today is, in spite of such advances in technology, communication, operations, trade documentation and accessibility why are many customers still facing problems with container shipments..??

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Types of shipping containers, sizes, dimensions and uses

half height rototainer - shipping and freight resource

Shipping Container, Freight Container, Container, Box, TEU, FEU – many of the synonyms and acronyms by which the common shipping container is referred to as, depending on who is talking..

Universally hailed as one of the greatest inventions of the modern world, the ubiquitous shipping container has really and truly made the world a smaller place and in my view, can be termed the one true architect of Globalisation..

The shipping container has evolved from being just a dumb box to being a smart container capable of being tracked anywhere in the world, in some cases even to the bottom of the ocean..

The shipping container comes in different sizes and types.. This is a refresher on the various types of shipping containers including some unusual shipping containers in use today, its dimensions and information relating to its use and purpose..

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Executive Insights with Jett McCandless on project44’s record growth

Executive Insights - Shipping and Freight Resource

project44 is the world’s leading advanced visibility platform for shippers and logistics service providers. project44 connects, automates and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to turn those insights into actions.

project44 announced record growth in Q2, including enterprise net dollar retention of 129% and 123% year-over-year growth in ARR.

We caught up with Jett McCandless, CEO and Founder of project44, for some Executive Insights and to find out more details on the progress of the company, its strategy and the secret behind its phenomenal growth.

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Checking of Bill of Lading against Customs documents

bill of lading vs customs documents

Why does a shipping line or agent check or have to check a Bill of Lading against customs documents.. What are they checking for and what should they be checking for..??

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How cargo survey for refrigerated and frozen cargoes works

planning your shipments

Cargo that must be loaded, maintained and or carried at a particular temperature for it to arrive its destination without deterioration is classified under refrigerated cargoes.

This article looks at how cargo survey for refrigerated and frozen cargoes works.

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How to avoid Fraudulent freight forwarders and their scams

fraudulent freight forwarders - shipping and freight resource

The activity of Freight Forwarding has been around for many years and there has been a recent resurgence of the forwarder especially in the form of a digital freight forwarder. Unfortunately fraudulent freight forwarders have permeated this industry as well.

Like any industry, freight forwarding has its good and bad sides and it is quite easy to become a victim of fraud and most of the time, freight forwarders are not associated with the crime or fraud and they may be co-victims just like you.

Here are some of the ways of fraudulent freight forwarders and their scams.

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Order Fulfillment in Logistics: Using Digitization to Speed Up Process

order fulfillment

Be it any business, success and growth depend on the optimization of every process. Likewise in logistics, order fulfillment in the warehouse plays a critical role in its success. Though this process looks simple it probably isn’t.

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The impact of congestion and capacity on businesses and what to expect?

Webinar

Port Congestion, equipment and space capacity crunch are impacting businesses with supply chains and consumers heavily impacted..

In a webinar, Rachel Premack, Senior Investigations Reporter at Business Insider, Michael J Gordon, Senior FMC Advisor (retd), and Adam Compain, SVP of Global Growth at project44 discuss how rising freight prices have set off a domino effect, manifesting across supply chains through port congestion, drayage holdups, dropping inventories, inflation and lengthening lead times..

They reference insights from a market survey of over 200 supply chain professionals and talk through a possible timeline to a freight market cool down, when it can potentially happen and the circumstances that will lead us there..

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The Ever Given saga continues, amid positive news for some of the crew

Shipping and Freight Resource Press Release

With the Ever Given still “legally” stuck in the Great Bitter Lakes in Suez Canal, discussions and concerns have turned to various other issues relating to the cargo, the ship’s crew and General Average.

The “arrest” of the ship by the Suez Canal Authority (SCA) which intends to recover losses of around $916 million including $300 million for salvage bonus and $300 million for loss of reputation, has further complicated life for the ship crew who must have been having anxious moments no doubt.

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New Container Fresh & Frozen (CFF) refrigeration units launched

thermo king reefer CFF - shipping and freight resource

The new Thermo King CFF units can reach and maintain box temperature in the toughest conditions between -30 and +30 degrees Celsius to safeguard product quality Brussels, Apr. 8, 2021 … Read more here..

Update on FMC’s Fact Finding 29 on Global Container Alliance practices

global container alliance - shipping and freight resource

Fact Finding 29 is an order by the Federal Maritime Commission to investigate challenges to the freight delivery system in the USA and possible violations of the Shipping Act. Commissioner … Read more here..

What’s next, for the Ever Given and the shipping and freight industry

My Opinion

Many journalists and Twitteratis around the world might be having withdrawal symptoms after the Ever Given has been refloated from being stuck diagonally across the Suez Canal.. Although the vessel … Read more here..

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