project44®, the global leader in supply chain visibility, today announced it has acquired Ocean Insights, the number one solutions provider for ocean freight intelligence. Terms of the acquisition were not disclosed.
Theft of cargo in transit remains highest among all types of cargo theft in 2020. This is one of the trends identified in the annual cargo theft report released by … Read more here..
TPM21 is the world’s largest container shipping conference that brings the entire Trans-Pacific and other global players in the International container shipping and logistics industry together on a unified platform. … Read more here..
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.
The World Maritime Theme for 2021 is dedicated to seafarers, highlighting their central role in the future of shipping. “We all must do better to support our brave professionals who … Read more here..
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.
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.
ZIM and Seaspan Announce Strategic Chartering Agreement for LNG-Fueled Vessels ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (“ZIM”), and Seaspan Corporation, a wholly owned subsidiary of Atlas Corp. (“Atlas”) (NYSE: … Read more here..
February 11, 2021. : Chinese quarantine measures are grounding truckers, just as maritime carriers are clearing out backlogs. The Chinese New Year is exacerbating COVID-19-related shipping delays outbound China. A … Read more here..
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..
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.
CMA CGM the 4th largest container line in the world has further strengthened their presence in India with the launch of their “PYTHON” Train Service on the 1st of February … Read more here..
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.
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.
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.