Category Archives: Freight

profitability in sea freight shipment - shipping and freight resource

How to ensure profitability in sea freight shipment..

Profitability in sea freight shipment is not a myth or a unicorn.. It is very possible.. Read how..

It is not a secret that ocean transportation and logistics is currently confronting immense change in terms of new technology, new markets, rising customer expectations, and new business models..

There have been a few articles on this blog about these advances like Blockchain based Bill of Lading, and other technologies that are shaking up the freight industry .. There are many ways the industry could develop to meet existing and new challenges, some of which are evolutionary and others are more revolutionary..

While cargo transportation is generally a complex business, in some cases it could be straightforward as well depending on how you manage it.. It is also a fact that in this high paced business environment it is not easy to follow every market trend and find answers on how to tackle the prevailing challenges easily..

Each customer and each shipment has its own issues, peculiarities, problems and characteristics.. But the main question that several shippers and services providers ask is “How to ensure profitability in sea freight shipment”..

More often than not, exporters, importers, carriers and logistics service providers experience loss due to poor planning, decision making and implementation..

A lot of people get into the industry sometimes without knowing even the basics relating to the business, the specifics relating to the business, the requirements and some of the vital information that can make or break the business.. I have even written a Beginner’s Guide to Importing for those who wanted to get into the importing business but didn’t know how..

Here are 11 steps you can follow to ensure profitability in sea freight shipment..

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Difference between Maritime, Shipping, Freight, Logistics and Supply Chain

To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics and Supply Chain ..

But once you are involved in the business or know about these businesses, you will very soon understand that these are very different industries with different workings, assets, architecture, requiring very different sets of qualifications, experience, expertise, knowledge and attitudes..

In this article I unpack the difference between Maritime, Shipping, Freight, Logistics and Supply Chain and how it is all connected..

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risks and liabilities of a freight forwarder - shipping and freight resources 500th article

Risks and Liabilities of a Freight Forwarder

Freight forwarders are an integral part of the supply chain and global maritime trade..

A freight forwarder serves as a conduit for global trade between importers, exporters, BCOs (Beneficial Cargo Owners) and the transportation and regulatory entities such as shipping lines, customs, port etc..

The moment a freight forwarder signs/accepts a contract (although discouraged, remember that a contract may also be verbal) with the customer, they are exposed to several unique risks and liabilities..

This article discusses the risks and liabilities of a freight forwarder..

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Do you want to learn and understand about the complex business of shipping and freight..?? Then you have come to the right place.. Shipping and Freight Resource is a multi-award-winning resource featuring educational articles, news, case studies and executive insights into the shipping and freight industry.. Our content helps millions of readers around the world […]

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beginning of the end for the freight forwarder

Is this the beginning of the end for the freight forwarder..??

In response to the question Who is a Freight Forwarder, I explained that in the most succinct and layman terms, a Freight Forwarder maybe defined as a multi-function agent/operator who undertakes to handle the movement of goods from point to point on behalf of the cargo owner..

Simple enough description.. But when one reads what happens in a day in the life of a freight forwarder it may not be so simple..

In the recent months there is a big conversation going on about the impact of “digitalisation” and “disruption” of the shipping and freight industry, to the extent that some people are terming it as the beginning of the end for the freight forwarder..

Is it really so..?? Let’s put it in perspective and see..

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the art of handling a tender

The art of handling a freight tender

Tenders are an integral part of shipping and freight for the carrier, shippers and and OTI (freight forwarder or NVOCC)..

I headlined this article as “the art of handling a freight tender” because majority of the tenders are quite complicated and capable of pushing people over the edge due to its complexity with its tight deadlines and the nearly impossible task of compacting the costs..

People in our industry who have handled some complicated global freight tenders such as the ones floated by global companies will understand what I am talking about..

So how does the whole thing work and how does a tender influence or impact on a carrier and/or freight forwarder and their business.. Is it really an art..??

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