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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A Korean Container Shipping Alliance (K-Alliance) set to launch in 2021

News - Shipping and Freight Resource

As covered in my Shipping and Freight Review of 2020, the global container shipping market is dominated by 3 major global container alliances consisting of 10 container shipping lines, who together, control a whopping 83.80% of the total container shipping market across various services..

Now a grouping of South Korean container lines are reportedly teaming up to create their own alliance called K-Alliance..

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ONE Apus – Container stack collapse – Update – 11th Dec

ONE Apus maritime disaster - shipping and freight resource

The update on the ONE Apus maritime disaster as of the 11th December 2020 is that the operations for the safe removal of the remaining containers on deck have started after permission to proceed was granted by the Japanese Coast Guard..

The ship remains safely berthed at the Port of Kobe after it encountered severe weather on Monday, November 30, 2020 leading to a container stack collapse of around 1,816 containers including 64 hazardous containers..

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ONE Apus – Container stack collapse – Update – 10th Dec

ONE Apus maritime disaster - shipping and freight resource

The latest update on the ONE Apus maritime disaster is that the ship safely berthed at the Port of Kobe on the the 8th of December, nine days after it encountered severe weather on Monday, November 30, 2020 leading to a container stack collapse of around 1,816 containers including 64 hazardous containers..

You can see a video of the vessel in Kobe and some images that show the intensity and extent of the damage..

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Thousands of containers overboard in worst containership disaster-ONE Apus

Image : https://twitter.com/connorhelm

The year 2020 has been disastrous to many in so many many ways with the whole world in a crazy tizz due to the COVID-19 pandemic.. The pandemic aside, even as we hit the last month of the year, 2020 looks like it is still not done with maritime disasters..

In the latest edition of maritime disasters, the ONE APUS a 14,052 TEU containership built in 2019 and operating on Ocean Network Express’s (ONE) Far East Pacific 2 (FP2) Service suffered multiple stack collapse on board due to severe weather conditions while the vessel was enroute from Yantian in China to Long Beach in USA..

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IMO welcomes UN resolution on key worker seafarers

shipping and freight news - shipping and freight resource

The United Nations General Assembly has called on UN Member States to designate seafarers and other marine personnel as key workers and to implement relevant measures to allow stranded seafarers to be repatriated and others to join ships, and to ensure access to medical care.

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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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The hazards of Ammonium Nitrate and 100 years of related disasters

ammonium nitrate - oxidizer - shipping and freight resource - beirut explosion

On the 4th of August 2020, a devastating explosion ripped through the port of Beirut killing more than 135 people and injuring at least 4,000+..

As per news reports, the explosion is said to have originated from a storage facility which was storing about 2,750 tons of Ammonium Nitrate (NH4NO3)..

This article highlights the characteristics of Ammonium Nitrate and the disasters that this chemical has caused over the last 100 years..

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Product Review : Centersource Platform

pr

Timber is one of the most common and popular forestry products shipped around the world, in various forms, using general-purpose ships, specialised log carriers, and also in containers..

The global export value of just Sawn Timber Softwoods (one of many different types of timber and forest products) is reported to be around $22 billion out of a total forest product export value of around $270 billion..

Due to the nature of the commodity, timber is usually moved in large quantities across various trade lanes and there are several processes to be followed for the shipment..

Right from order placements, creating the required documentation, transferring the same, booking the cargo with the lines, monitoring the movement of the same and ensuring the supply timelines are met, there are many intricate processes involved..

Many of these processes are still done manually, which results in inefficiencies in the business..

As per industry research, people spend a lot of their daily time on below points

  • 40% of their time trying to calculate CIF prices for the product
  • 25% sending offers
  • 65% drafting documents
  • 40% sharing information and trying to stay up to date
  • 20% tracking and tracing their shipments
  • 80% of those interviewed said they use Excel or Shared Folders to organise their shipment deals and files
  • 100% said they communicate using phones and email
  • 100% rely on free-tools (not always the most reliable) to track shipments
  • 64% of the respondents said sharing or collecting market updates is their largest problem

What if there is a platform that says you can do all of the above seamlessly and more efficiently..

As per Centersource, their Timber Exchange platform can do all of the above and even save you money while doing it.. Here is my review of their platform..

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