Thursday, February 9, 2023

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It is Official – MSC is the world’s largest container shipping line in terms of container capacity

Mediterranean Shipping Company (MSC) a privately-owned organisation driven by the Aponte family was founded in 1970 and has evolved from a one-vessel operation into...

The impact of Supply Chain disruptions and mitigation – A conversation with the FMC

Supply Chain can perhaps be termed as the "Phrase of the Year" in 2021. Whether you were involved in the business of supply chain...

2021 – The Year of the Carrier and Supply Disruptions.. Shipping and Freight Resource – Annual Review 2021

This is the Annual Review of the shipping and freight industry in 2021 by Shipping and Freight Resource.. This is an in depth look into what transpired in our industry in 2021 in terms of the maritime and global trade, shipping and freight practices, Global Shipping Alliances, Carriers and their profits and mostly about the disruptions surrounding supply chain.. Welcome to The View from the Top..

Export container dwell times soar at main ports globally as berthing delays bite

Export containers are building up not just in the ports of LA/LB but at many major ports globally Dozens of ships are slow steaming way off the coast of...

Port of Long Beach records 2nd busiest October amidst congestion

Port of Long Beach, the 2nd busiest container port in the USA, second only to the other San Pedro Bay port of Los Angeles, recorded its 2nd busiest October in history when it handled 789,716 TEUs in October 2021.

This figure is down 2.1% from the Port's strongest October on record which was in October 2020 when it handled 806,603 TEUs. A news release from the Port of Long Beach attributed this drop to limited capacity at the marine terminals which hampered imports at the Port of Long Beach in October, although volumes were still strong amid an ongoing transition to extended operating hours.

Refrigerators, toys and other debris from ZIM Kingston containers wash up ashore near Cape Scott

No more containers have been found. That is the news from the Canadian Coast Guard about the maritime disaster surrounding the ZIM Kingston that lost an estimated 109 containers in rough seas off the coast of British Columbia in Canada and is still anchored while fire fighting efforts continue. Refrigerators, toys and other debris from ZIM Kingston containers have washed up ashore near Cape Scott.

CMA CGM to stop all spot freight rate increases

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.

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

Biggest problems facing customers in 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..??

Checking of Bill of Lading against 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..??

How cargo survey for refrigerated and frozen cargoes works

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.

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

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..

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

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.

New Container Fresh & Frozen (CFF) refrigeration units launched

The new Thermo King CFF units can reach and maintain box temperature in the toughest conditions between -30 and +30 degrees Celsius to safeguard...

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

Fact Finding 29 is an order by the Federal Maritime Commission to investigate challenges to the freight delivery system in the USA and possible...

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

Many journalists and Twitteratis around the world might be having withdrawal symptoms after the Ever Given has been refloated from being stuck diagonally across...

Theft of cargo in transit highest amongst all cargo theft in 2020

Theft of cargo in transit remains highest among all types of cargo theft in 2020. This is one of the trends identified in the...

Planning to start your own shipping and freight business..?? Read this..

For any business to be successful, one needs to know the business, its model and requirements inside out.. Many businesses start with a great idea.. But there could be big gap between a great idea and a great startup and many people don’t have a clue on how to bridge this gap and may end up spending their life savings to start the business.. Forbes published an article on 10 Reality Checks Before Starting Your Own Business..
    1. Are you ready for the startup lifestyle?
    2. Are there customers with real pain and money?
    3. Is the market opportunity large and growing?
    4. Is this a crowded space already?
    5. Does your solution have hidden dependencies or costs?
    6. Do you have intellectual property to defend against competitors?
    7. Can you build a motivated and qualified team?
    8. Have you looked realistically at the costs?
    9. Do you have stamina and skills?
    10. Going “from” rather than “to”?
 

While the above is good for any business, if you are planning to start your own shipping and freight business, here are 7 reasons why you shouldn't start your own shipping and freight business..

Yes you are reading it right.. You shouldn't start your own shipping and freight business if :

33% of hazardous cargo misdeclarations are willful

The meaning of Declare (verb) is to make known or state clearly, especially in explicit or formal terms; to announce officially; proclaim; to state emphatically; to manifest; reveal; show; When none of the above happens, it is...

Ocean Freight rates 2021, an Indian perspective

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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