Ocean Carriers to receive Information Demand Orders from FMC – FF29

FMC - Fact Finding 29 - shipping and freight resource

On 17th of Feb 2021, based on Fact Finding 29, the FMC has announced that Commissioner Rebecca F. Dye will issue information demand orders to ocean carriers and marine terminal operators (MTOs) to determine if legal obligations related to detention and demurrage practices are being met.

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Timber & Technology Conference 2021 – Global Developments & Innovative technologies in the Timber Industry

Timber and Technology Conference 2021 - Shipping and Freight Resource

Timber is one of the most common and popular forestry products shipped around the world with a global export value of around $270 billion.

Digitalisation is sweeping through many industries including the timber industry, bringing with it dramatic reductions in the cost of obtaining, processing, and transmitting data achieved and changing the way we do business globally.

The Timber & Technology Conference 2021, organised by Centersource, is a virtual conference, which will discuss Global Market Developments & Innovative technologies in the timber industry and is a perfect platform for sawmills, importers, traders, and forwarders to understand and navigate global timber markets and work more efficiently.

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Ngozi Okonjo-Iweala – first woman chief of World Trade Organization

news - shipping and freight resource

The World Trade Organization has officially selected Dr.Ngozi Okonjo-Iweala, a Nigerian economist and former finance minister, to be its next chief making her the first woman and the first African to lead the World Trade Organisation.

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Electronic bill of lading – are you and your country ready for it..?? – Part 2

electronic bill of lading - mletr

In Part 1 of this article I wrote a bit about the history of globalisation and trade and its connection with the bill of lading and the road to Electronic Bills of Lading..

I also posed the question whether you and your country are ready for electronic bill of lading..

An electronic bill of lading is a paperless bill of lading that is issued electronically said to fulfill the above functions in the same manner as a traditional paper bill of lading..

Many believe that the electronic bill of lading will be a game changer in the shipping industry with its faster, efficient transactions, reduction in costs with greater security and less risk..

While various countries have various regulations and legislations which allows contracts to be created and signed electronically, the legal status of the electronic bill of lading seems clear as mud..

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Ngozi Okonjo-Iweala set to become WTO’s first woman director-general

news - shipping and freight resource

With the dropping out of South Korea’s Trade Minister Yoo Myung-hee from the race for Director General of the World Trade Organisation (WTO), the path is now clear for Nigerian economist and former Finance Minister Ngozi Okonjo-Iweala to become the first woman and the first African to lead the World Trade Organisation.

Okonjo-Iweala, has been favoured by many WTO members, including the European Union, China, Japan and Australia to become the 7th Director-General of WTO.

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Richards Bay Terminal enforces Force Majeure due to Eloise

storm eloise transnet

Cyclone/Tropical storm Eloise which hit Beira in Mozambique late January has reportedly caused severe damage in South Africa as well.

As a result of this several port operations in South Africa has been hampered. Richards Bay Terminal operated by Transnet Port Terminals has declared Force Majeure due to same.

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Get Informed Quickly: The world of shipping and freight in 50 Words

50 words app - shipping and freight resource

In 2012 there were less than 2 million blog posts every day and in 2020 just over 10 million blog posts have been published every day across all topics.

And perhaps, the most sobering statistic: five exabytes (or 5 billion billion bytes) of data could store all the words ever spoken by humans between the birth of the world and 2003. In 2011 alone, five exabytes of content were created every two days.

Based on these numbers, we could be excused if we miss out some very important things or salient happenings in our industry due to all the digital clutter that we face every day.

But if you are interested in identifying and consuming information related to shipping and freight that matters, help is at hand in the form of a nifty app that gives you a snapshot of the important information that you need in less than 50 words.

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Transnet National Ports Authority moves headquarters to Ngqura

Transnet National Ports Authority - shipping and freight resource

Transnet National Ports Authority (TNPA) is one of six operating divisions of Transnet SOC Ltd. The National Ports Authority is responsible for the safe, effective and efficient economic functioning of the national port system, which it manages in a landlord capacity.

It provides port infrastructure and marine services at the eight commercial seaports in South Africa – Richards Bay, Durban, Saldanha, Cape Town, Port Elizabeth, East London, Mossel Bay and Ngqura. It operates within a legislative and regulatory environment and is governed by the National Ports Act (Act No. 12 of 2005).

As part of Transnet SOC Ltd’s (“Transnet”) ongoing cost-saving and efficiency initiatives, the National Ports Authority (TNPA) is consolidating its various corporate offices -currently split between Johannesburg and Durban – into one – at the eMendi administration building, Port of Ngqura in Port Elizabeth.

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