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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Preliminary findings of Fact Finding 29 identifies key measures to improve efficient cargo movement in US Ports

FMC Fact Finding 29 - Shipping and Freight Resource

The FMC set up Fact Finding 29 in March 2020 in response to many complaints raised with the FMC to investigate challenges to the freight delivery system in the USA and possible violations of the Shipping Act..

Commissioner Rebecca F. Dye was tasked by the FMC to carry out the investigation with the full authority under 46 C.F.R. §§ 502.281 to 502.291, to perform such duties as may be necessary in accordance with U.S. law and Commission regulations..

In her Executive Summary to the Subcommittee on Coast Guard & Maritime Transportation in June, Commissioner Dye reported that four key key measures to improve efficient cargo movement in US Ports have been identified..

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How a pain point in Egypt spurred the timber industry towards efficiency and cooperation

Opinion Piece

A dramatic increase in the prevalence of supply chain pain points has presented an opportunity for innovation and collaboration, whilst underscoring the importance of digital solutions in the timber logistics sector.

Timber companies used the term “pain point” to refer to an inefficient port or a particularly cumbersome customs authority.

These pain points stood out because they were isolated pockets of inefficiency, delaying an otherwise well-functioning network that carried everything from raw materials to finished goods from one corner of the world to the other.

Over the last year, that has all changed. Pain points became endemic.

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Is bigger always better – Economies of scale and gigantism in shipping

Opinion Piece

The winds of change within the context of containerized shipping have been sweeping to say the least. In the pursuit of environmental sustainability, digitalization, operational and commercial efficiency, and collaborative practices the containerized fleet and the industries commercial practices have been radically modified over a significantly short period of time.

With gigantism being the most popular trend currently pursued by the world’s major carriers a new global context has concurrently begun to rear its head.

The emergence of colossal vessels along primary routes has led to the resultant cascade of maritime traffic along secondary and tertiary routes.

Thus, whilst the argument for economies of scale relative to container vessel sizes makes for a seemingly sensible commercial case, such developments have the potential to seriously impact ports and the entirety of logistics chain, including production.

This begs the question is bigger always better and what alternatives exist?

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Ever Given in a nutshell

Shared article

Whether for its size and status as one of the largest container ships in the world or because it was famously termed as a “boat that was stuck in a canal”, the Ever Given will remain in people’s minds either as a memorable incident (to those who worked to free it) or as a haunting incident (to the ship owner, ship operator, ship crew and soon maybe the customers)..

Muthu Jagannath of NAU Pte Ltd., provides relevant and pertinent information about the Ever Given, its arrest, the implications of the arrest, insurance and counter claims in this article originally published on their website..

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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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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..

6 points to help you compete in the shipping and freight industry

6 steps to compete in the shipping and freight industry

Competition is one of the constants in business, something that can spur you on and make you better or something that can bring you down..

Every industry has competition in varying degrees.. Some companies look at their competition and say “Yeah ok, whatever” (think Google/Facebook).. Some companies look at their competition and say “Oh crap, that’s close” – like a lot of companies in the shipping and freight industry..

While competition comes in various forms, there are several cases where you may really struggle to find a way to stand out from your competition..

Let me explain further with some examples relatable to the shipping and freight industry..

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Ocean Freight rates 2021, an Indian perspective

cost savings

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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Supply chain ‘coopetition’ Brings Logistics Visibility

Shipping and Freight Resource Press Release

The impact of COVID-19 has been a definitive jolt to supply chain logistics stakeholders, as the widespread transport blockades impacted global freight movement.

Maritime logistics operations witnessed massive delays at the port terminals and customs, as countries shut down borders for several weeks.

For realizing true end-to-end logistics visibility, it is critical to think beyond the maritime mid-mile. Data streams across the entire value chain must be tapped for insights while initiating inter-modality collaboration to gain real-time intelligence over freight movement.

In that context, the recent announcement of maritime visibility leader Ocean Insights partnering with over-the-road visibility major FourKites is a welcome step in integrating transport intelligence across modalities.

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Is there a connection between Incoterms® and the shipping line..??

Opinion Piece

– Is there a connection between Incoterms® and the shipping line..??
– Should Shipping Lines be concerned with Incoterms®..??
– How does Incoterms® affect the shipping line..??

These are few of the questions raised by readers who have complained that their booking was on FCA, FOB, CIF etc but the carrier refuses to show this commercial information on the bill of lading.. Commercial information includes details about the Incoterms®..

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Vintage Shipping – a look at the way shipping was done in the 80s and 90s

vintage shipping the way it was done

Work from Home (WFH) – the “new normal” of 2020 seems to have gained worldwide acceptance since COVID-19 and has been the subject of many discussions on its merits and de-merits..

When I think about how the shipping and freight industry has adapted and is currently adapting to WFH practices, I can’t help wondering how the industry might have coped with this pandemic, the disruption it caused and if WFH would have been possible had it occurred in the 80s and 90s when things were handled much differently in the industry..

For those of you who were “born” into this current technology driven world of shipping, freight and logistics, read here how vintage shipping was done.. ?

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Help, shipping line won’t pre-date or back date my bill of lading

back dating bill of lading

Pre-Dating or Back Dating is when the shipper requests the shipping line to show the Shipped on Board date on the bill of lading as a date before the actual sailing of the vessel (example : the vessel actually sails on the 2nd of March but shipper wants the line to show the shipped on board date on the bill of lading as 28th of February)..

Why would a shipper want his bill of lading to be pre-dated or back dated and why would a shipping line reject this request..??

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Digital transformation in the forestry industry – what is needed

Shipping and Freight Resource Press Release

Industries across the world are witnessing a wave of digital transformation through disruptive technologies that promise to change the whole landscape of how things are done.

As an industry, forestry has not been left behind, and digital transformation has made its way into it.

However, technological advancements have surprisingly not made many changes in the processes within the industry.

  • We indeed have various software to speed things up with operations but are we really automating processes?
  • Have we been able to eliminate brokers or intermediaries who claim to facilitate processes within the industry but actually add layers that translate to complexity?

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