Freight brokers are a traditionally integral part of the freight marketplace but often find it difficult to clearly see where they fit in amongst the waves of change now and in the years ahead. In this article we see where brokers fit into the future of freight..
Category Archives: Shipping
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 understand the technicalities involved in … Read more here..
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..
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..??
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!!
Is there a connection between Incoterms and the shipping line..?? Are Shipping Lines concerned with Incoterms®..??
This is a question one of the regular readers of the blog posed to me the other day.. As you might have read in my previous post https://shippingandfreightresource.com/2008/10/13/article-2-the-documents/ there are many types of bills of lading one would encounter.. While each of the bills have a different ending point, the general ending point would be as explained below.. Generally, when … Read more here..