Category Archives: Shipping

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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The Future of Ocean Freight – Unpacking the Logistics Blockchain Goldrush

With so many new companies launching blockchain-based shipping products, it’s clear that maritime trade will look very different in a few years.. What’s less clear is what that change will look like..

In this article we examine what barriers still exist to widespread blockchain implementation, and what companies are doing to overcome them..

We talk to startups like CargoX and established players like Agility, Maersk, IBM, Evergreen etc. to understand how shipping is changing, and where it’s going..

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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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Do you want to enhance your shipping and freight knowledge and learn more about this complex business..?? You have come to the right place and I will help you do just that.. Sign up below (for free) and join over 29,000+ subscribers and 3.9 million readers who are enhancing their knowledge..    Your details will […]

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Day of the Seafarer #seafarersmatter

A day in the life of a Seafarer 2 – #seafarersmatter

As you know, the 25th of June every year is celebrated as the DAY OF THE SEAFARER under the auspices of the International Maritime Organisation (IMO)..

Day of the Seafarer (DotS as it has come to be known), is celebrated to recognize the unique contribution made by seafarers from all over the world to international seaborne trade, the world economy and civil society as a whole and to let the world know how and why #SeafarersMatter and are indispensable to everyone..

In my previous post promoting this Day of the Seafarer, I shared with you the story of Nick Chubb MNI, a former Merchant Seafarer and how he spends “A Day in the Life of a Seafarer”..

This article comes right from the top, yes from a Captain himself.. Capt.Abhishek Nair recounts the life of a Captain on board a ship..

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problems with container shipments

What are the biggest problems with container shipments..??

Disruption, Innovation, Big Data, IoT, SaaS, Digital freight forwarders, Blockchain.. No its not a Thesaurus test..

These are just some of the big fancy words thrown around in the market and media currently in relation to shipping and freight..

These tools are all (or should be) designed to assist the customer, whether you are a buyer, seller, trader, forwarder, NVOCC or shipping line to conduct their business smoothly and efficiently..

Yet with all these advances, innovations, digitization etc customers still have problems with container shipments on a daily basis.. Whether it is with a shipping line, with a forwarder, with customs, with port, with hauliers etc etc etc, there are still many problems on a daily basis..

So my question today is, in spite of such advances in technology, communication, operations, trade documentation and accessibility why are many customers still facing problems with container shipments..??

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vintage shipping the way it was done

Vintage Shipping – the way it was done

Cyber crime.. Nothing new, but something that didn’t affect the shipping and freight industry in a big way till the 27th of June 2017 when the world’s largest container shipping line Maersk Line, was hit by the global Petya cyber attack..

This unexpected and unprecedented attack led to a huge disruption in the operations of Maersk Line..

For a few days their operations were affected because

– some of the APM Terminals were affected and gates were closed
– they were unable to serve new quotes
– they were unable to accept new bookings and
– the attack limited their ability to communicate with their customers..

This is quite a serious issue and has come as a rude shock to many customers and the industry in general.. The delays caused by such incidents affects not just the line but also the customers that had booked their cargoes for loading on specific dates for arrival at destination within a certain time frame..

Such delays may specifically affect retail and assembly line customers (like automakers) who ship on the basis of JIT (Just In Time) deliveries where such precision in delivery is required..

While I sympathize with the affected lines and customers, this also got me thinking how shipping was done in the past, before these technological advances came about and there was no possibility of such disruptions..

This prompted me to take a stroll down memory lane and write this article on Vintage Shipping – the way it was done.. ???? This could be a nostalgic overdose for many!!

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