MSC introduces new Electronic Bill of Lading globally using WAVE BL platform

Press Release - Shipping and Freight Resource

MSC Mediterranean Shipping Company, a global leader in container shipping and logistics, is officially introducing the electronic bill of lading (eBL) for its customers around the world, following a successful pilot phase, using a solution on an independent blockchain platform WAVE BL.

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ZIM & Marius Nacht complete additional investment in WAVE BL

Haifa, Israel – March 15, 2021 – ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) and Marius Nacht, one of Israel’s leading serial entrepreneurs and investors, announced today that they have … Read more here..

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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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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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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Competitive advantage in timber supply chain through digitalisation

Centersource White Paper - Shipping and Freight Resource - digitalisation of timber supply chain

For many customers, the shipment of timber products can be as problematic as it is valuable as it requires close coordination between the various parties..

Speed to market is quite crucial in this business, as is slow steaming or longer transit, to avoid tariff increases in some cases or to adjust the delivery schedules to suit the customer’s requirement..

All these factors together determine the actions that the timber companies must take in order to have a competitive advantage in the market..

Centersource Technologies, an independent digital marketplace and supply-chain automation platform has released a White Paper that provides answers to these questions..

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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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IoT based Cargo Insurance

Press Release

Among other things (including a lack of knowledge), cargo insurance is considered by many to be cumbersome due to the huge amount of manual work involved in applying for insurance and for claims, not to mention the time delays caused due to these processes and also the lack of visibility of incidents etc for the insurance industry..

In an effort to reduce these delays and provide visibility into entire shipping container fleets, Loginno an IoT visionary company from Israel has partnered with with Marsh to provide innovative IoT based cargo insurance..

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IoT standards for remote Reefer container monitoring on board vessels released

Press Release on Shipping and Freight Resource

Digital Container Shipping Association (DCSA), a neutral, non-profit group established to further digitalisation of container shipping technology standards, in conjunction with its nine member carriers – MSC, Maersk, CMA CGM, Hapag-Lloyd, ONE, Evergreen, Yang Ming, HMM and ZIM has released IoT standards for remote Reefer container monitoring on board vessels..

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DCSA publishes data and process standards for bill of lading preparation and issuance

shipping and freight news - shipping and freight resource

DCSA has published data and process standards for the submission of shipping instructions and issuance of the bill of lading (B/L).

DCSA B/L standards are aligned with the UN/CEFACT (United Nations Centre for Trade Facilitation and Electronic Business) multimodal transport reference data model to ensure a global industry framework that accelerates digitalisation through a unified industry effort.

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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, and Importers. Timber Exchange arrives just in time to help … Read more here..

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