Centersource launches Timber Exchange, a digital marketplace for the forestry industry

Press Release on Shipping and Freight Resource

Centersource, a timber trade and technology company has launched Timber Exchange, a comprehensive marketplace and digital toolset for Forwarders, Sawmills, Importers, and Forwarders. Timber Exchange arrives just in time to help timber supply chain companies navigate the latest round of COVID-19-driven volatility, providing companies with the tools to remain profitable in a challenging market. The digital platform provides users a … Read more here..

Carriers struggle with container shortages while rollovers increase

cargo rollover

Carriers struggle to cope with equipment shortages as transshipment ports see an increase in October cargo rollovers, reveals the latest Ocean Insights data.

Strong demand for container shipping space on major trade lanes from Asia to Europe and North America saw cargo rollovers increase month-on-month in October as carriers struggled to keep ocean supply chains operating smoothly.

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IMO Environment Committee approves amendments to cut ship emissions

Draft amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity. 

Draft new mandatory regulations  to cut the carbon intensity of existing ships have been approved by the International Maritime Organization (IMO) Marine Environment Protection Committee (MEPC), meeting in virtual session from 16-20 November 2020..

This builds on current mandatory energy efficiency requirements to further reduce greenhouse gas emissions from shipping.

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Governments backtrack on climate change commitments – environmental organisations claim

News - Shipping and Freight Resource

Governments have backtracked on their own commitments to urgently reduce climate-heating emissions from the shipping sector, environmental organisations have said following a key meeting of the International Maritime Organisation (IMO)..

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BIC and DCSA collaborate to standardize container facility identification and digital access

Press Release

BIC (Bureau International des Containers) and DCSA (Digital Container Shipping Association) today announced completion of their collaboration to standardize the codes used to identify facilities such as depots, container yards, M&R vendors and other supply chain container facilities.

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Transnet procedures for hazardous cargoes in South African ports

dangerous goods declaration

As has been covered across various articles on this site, the process of hazardous cargo approval, acceptance and shipment is quite complex and ALL stakeholders involved in the shipment of this highly specialised cargo must be fully aware of the requirements..

This cannot be repeated enough..

From pre-shipment approval, approval of shipment, movement to port of load, loading on board, precautions while at sea, discharge at destination, movement to place of delivery, every process required to be followed by the IMDG Code must be followed at all times..

Seemingly there are several cases of non-compliance and non-adherence in this regard, based on which, Transnet, the State Owned Enterprise in South Africa responsible for all port operations has amended its Handling and Transport of Dangerous Cargoes National Procedures..

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Contour partners with CargoX to transform bills of lading

Press Release on Shipping and Freight Resource

Contour, the Singapore-based global trade finance network has today announced its partnership with CargoX, a blockchain platform for transferring documents and data including a certified electronic bill of lading solution.

The news follows Contour’s transition to full production, with the network supporting electronic bills of lading as part of digital transformation of trade.

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Integrated logistics to enable efficient distribution of COVID-19 vaccine

Press Release

COVAXX and Maersk enter partnership to supply COVID-19 vaccines globally.

The goal is to bring a much needed COVID-19 vaccine to emerging and developing nations. The agreement establishes integrated logistics to enable efficient worldwide distribution of COVAXX’s COVID-19 vaccine. The aim is to distribute up to a billion doses of the COVAXX synthetic vaccine worldwide in 2021. 

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IMO working group agrees further measures to cut ship emissions

Press Release

Proposed amendments to the MARPOL convention would require ships to combine a technical and an operational approach to reduce their carbon intensity​.

Draft new mandatory measures to cut the carbon intensity of existing ships have been agreed by an International Maritime Organization (IMO) working group.

This marks a major step forward, building on current mandatory energy efficiency requirements to further reduce greenhouse gas emissions from shipping.

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Half of the world’s container cargo data is on a single blockchain platform

Press Release

With two more major shipping leaders actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform..

Major global container carriers MSC Mediterranean Shipping Company (MSC) and CMA CGM announced on the 15th of October 2020 that they are now integrated onto TradeLens (www.tradelens.com), helping ensure a more fully integrated, timely and consistent view of logistics data for their containerized freight around the world.

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