A Freight Forwarder is a multi-function agent/operator who undertakes to handle the movement of goods from point to point on behalf of the cargo owner..
For the freight forwarder involved, this may include a door to door movement, negotiating freight rates, nominating the carrier(s), booking the goods and handling all the documentary, operational and transportation requirements between the two points..
Digital freight forwarders are a new breed of freight forwarders who are disrupting the freight industry armed with the ability to offer the services of a freight forwarder but on an instant basis using online technology and data..
But they have several competition to contend with.. One of them is a “Digital Shipping Line“..
Say what..!!!!!!!!!!!!!!!!!!!!!!!! Who is a digital shipping line now..??
Executive Insights is a series by Shipping and Freight Resource that provides ongoing insights, enriching the knowledge of the readers with what is happening in the shipping, freight, maritime, logistics and supply chain industry and providing thoughtful analysis..
Executive Insights is also a chance to pick the brains of industry veterans, leaders and enablers..
In this latest edition, Shipping and Freight Resource caught up with Mick Morris – CEO and Co Founder of Buytasker LTD for some insights into the freight forwarding industry, the digital freight forwarding world and the technologies that they have created for the industry..
DP World who are well known for their container terminal operations around the world has come up with an innovative solution which is designed to transform the way containers are handled in container terminals – whether greenfield or brownfield..
A greenfield terminal is a newly built terminal built from scratch for the purpose of container terminal operations, whereas a brownfield terminal is an already existing container terminal which needs to be modified or upgraded and has several infrastructure or development constraints such as space..
In this day and age where the urban world is facing space constraints in terms of land, whether it is buildings or container terminal storage, the only way seems to be UP..
A new joint venture between global trade enabler DP World and industrial engineering specialists, SMS Group has done just that by launching BOXBAY – a new high bay container storage system that will transform the way containers are handled in the ports it operates in..
Ports and port authorities have also got in on the Blockchain action with the port of Valencia joining the TradeLens project, the technological solution developed by IBM and Maersk to start applying blockchain technology in the global supply chain and the port of Marseille Fos piloting a blockchain based project for supply chain logistics and intermodal freight movement on the Mediterranean-Rhône-Saône axis (MeRS) transport corridor..
The TradeLens project has been further strengthened by the announcement from ZIM Integrated Shipping that it has signed on as a member of TradeLens..
The movement of goods over great distances using ships has been carrying on for many centuries.. Many things have changed in the shipping and freight industry over the years, but some things have not..
Today’s business environment is facing a lot of instability whether it is in the form of Brexit, trade tariffs, highly volatile freight rates or new maritime policies..
Now, more than ever, the industry needs people with experience and knowledge to help steer the new generation through the troubled waters..
People who have been there and handled shipping the vintage way but know much more than a thing or two about the modern shipping industry..
As part of our Executive Insights series, we caught up with Steve Walker, a consultant and adviser to many BCOs, freight forwarders and online freight companies..
In many ways, the transport industry is the backbone of human society. Various forms of transportation have been used for travel and trade since the 1800’s, by water, rail, road and air.
Today, almost everything we use, eat or drink is transported by vehicle and delivered to our doorstep or a nearby shop, and public transportation is essential in our societies for transporting people between home, work and school.
To ensure a seamless operation when delivering goods or moving people, transport enterprises have to manage hundreds or even thousands of vehicles at once.
Precision, efficiency and productivity are essential. Luckily, there are technological advances to help overcome many of the daily logistical challenges.
Blockchain, a distributed digital ledger technology (DLT) has many uses like powering crypto currencies, helping manufacturers improve their supply chain handling and management, making transactions of healthcare, electricity and financial sectors more transparent..
Today, blockchain has become an important emerging technology in many industries for its promise of transparency and traceability..
Coffee, is a beverage made by percolation, infusion, or decoction from the roasted and ground seeds of a coffee plant.. Although no one knows exactly how or when coffee was discovered, there are many legends about its origin..
So what is the connection between Blockchain and Coffee..??
In 2017, global seaborne trade reached 10.7 billion tons.. Of this, containerised trade accounted for 1.82 billion tons..
Containerised shipping is an important component of global trade and currently there are over 22 million containers operating around the world..
The humble and ubiquitous container which was created in 1956 is universally hailed as one of the greatest inventions of the modern world, one that completely changed the way in which business has been done since the 20th century and really and truly made the world a smaller place and the one true architect of Globalisation..
But, as much as it is important in the global trade, to many ports around the world, empty containers seem to have also become an annoying fact of life..
There may be a solution to this empty container crisis..
Digitalisation has become one of the key focus areas in the shipping and freight industry..
The benefits of digitalisation are being realised by the industry and it is slowly but surely working on changing the way the freight business has been conducted all these years..
Carriers, shippers, customs, ports etc seem to be moving away from the “this is how it has always been done” mode and moving more and more towards digitising the processes..
Ports and terminals are an integral part of the whole chain in logistics.. Digitalisation offers ports and terminal the opportunity to add value to its customers through innovation, enhanced productivity, greater efficiency, greater safety, and security..
Recently, the Maritime and Port Authority of Singapore, Singapore Customs and the Singapore Shipping Association signed an MOU on digitalisation of trade and maritime documentation in the industry..