Transnet Port Terminals – South Africa – declares Force Majeure

vintage shipping cyber attack hacker

Transnet Port Terminals (TPT), the State Owned Enterprise responsible for the operation of port terminals in South Africa has officially declared Force Majeure at the container terminals of Durban, Ngqura (Coega), Cape town and Port Elizabeth.

This declaration comes on the back of speculation that Transnet was the victim of a cyber-attack, something that was not confirmed by TPT till the 26th of July 2021.

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DCSA releases just-in-time port call interface standards

Announcement - Shipping and Freight Resource

To facilitate implementation of its just-in-time (JIT) port call standards, DCSA has released interface standards and messaging API (application programming interface) specifications for the first 18 event timestamps defined in its JIT port call data definitions.

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How to avoid Fraudulent freight forwarders and their scams

fraudulent freight forwarders - shipping and freight resource

The activity of Freight Forwarding has been around for many years and there has been a recent resurgence of the forwarder especially in the form of a digital freight forwarder. Unfortunately fraudulent freight forwarders have permeated this industry as well.

Like any industry, freight forwarding has its good and bad sides and it is quite easy to become a victim of fraud and most of the time, freight forwarders are not associated with the crime or fraud and they may be co-victims just like you.

Here are some of the ways of fraudulent freight forwarders and their scams.

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project44 consolidates position as market leader in supply chain visibility with acquisition of ClearMetal

Press Release on Shipping and Freight Resource

project44 has announced that it has acquired San Francisco-based ClearMetal, a market leader in international supply chain visibility and predictive analytics for enterprises.

This acquisition places project44 on the cutting edge of logistics AI, enabling customers to improve agility, and resiliency across their global and multi-modal supply chains.

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Is your country ready for Advance Cargo Information..?? Egypt is..

Customs Release

Global trade volume in 2019 was 11.08 billion tons amounting to around $19 trillion in value.. Seaborne trade accounts for around 90% of global trade..

Currently, various cargoes are transported in 24 million+ containers around the world on over 6,218 container vessels..

As you can imagine this leads to a lot of documentation especially with Customs authorities around the world.. When we speak of Customs authorities around the world, you can also imagine the different rules and regulations each country has for the import and export of cargo to/from their country..

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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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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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