An innovative solution for empty container crisis

collapsecon - collapsible container - empty container crisis - shipping and freight resource

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..

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Port, Customs and Carriers come together to promote digitalisation

Digitalisation - shipping and freight resource

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..

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A farm in your shipping container

a farm in your container - shipping and freight resource

Imagine you are in cold Alaska or hot Kuwait where you just cannot get some of the fresh vegetables that you may need from a local farm because of the tough and extreme weather conditions..

A shipping container can provide a solution for that..

Enter The Greenery™..

The Greenery™ is the next generation of farming and is the culmination of years of development and learning from hundreds of farmers.. Finely crafted from the bottom up with brand new technology using shipping containers, the Greenery boasts a growing space 320 sq. ft and a totally new farming experience for users..

Here’s how it works..

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Marseille Fos port to pilot blockchain project

blockchain - shipping and freight resource

Many have heralded the prowess of Blockchain, the “immutable” hero of technology in the shipping, freight and logistics space..

Blockchain has already been

  • successfully used by Banks and Shippers to create Trade Finance documents;
  • creative enough to get a Tech company and the World’s largest container line to invest in it ;
  • successfully used by companies to create and transmit smart bills of lading with it ;

Ports and port authorities have also got in on the Blockchain action with the port of Valencia, recently joining the TradeLens project, the technological solution developed by IBM and Maersk to start applying blockchain technology in the global supply chain..

Now it is the turn of the port of Marseille Fos, the largest seaport in France, 5th largest in Europe and 41st in the world..

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The New York Supply Chain Meetup

shipping and freight news

There is a discernible difference between Maritime, Shipping, Freight, Logistics and Supply Chain industries.. All performing various functions, but all connected in the grand scheme of things, keeping the propellers of global trade churning..

In very simple terms, Supply Chain is the whole granddaddy process comprising of all aspects in a product cycle, for example from picking of the fruit at a farm in Point A to delivering the fruit to the shelf at a store in Point B using all of the above-mentioned industries, businesses and services..

By some estimates, inefficiencies in the global supply chain impose overhead costs of between 15% and 20% of global GDP cumulatively – supply chain inefficiencies dampen corporate profits and lower societal well-being..

This presents an opportunity to solve a large and pervasive global problem, and to significantly boost global economic growth and prosperity in the process..

We report on the latest with The New York Supply Chain Meetup who are on their 10th meetup with #TNYSCM10..

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Hello, this is your Captain speaking

Captain Peter - RCM Virtual Assistant - Shipping and Freight Resource

Smart containers are containers which are equipped with sensors designed to provide real-time tracking of their location and movements..

Using this technology, whether you are a shipping line, customer or security agency, you can track the progress of your containers anywhere in the world, plan your equipment and stock inventory which could possibly lead to reduced costs..

Maersk Line is taking the RCM one step further by integrating a Virtual Assistant with it..

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Hamburg Süd unveils smart container with RCM

smart containers - shipping and freight resource

Smart Containers are continuing with its growth trajectory and well on its way to becoming a part of our daily lives it seems.. As I wrote in my previous article, Smart containers are containers which are equipped with sensors designed to provide real-time tracking of its location and movements..

Using this technology, whether you are a shipping line, customer or security agency, you can track the progress of your containers anywhere in the world, plan your equipment and stock inventory which could possibly lead to reduced costs..

CMA-CGM, Maersk Line, MSC, ZIM Lines, are some of the lines who are already offering smart containers in the market..

Hamburg Süd (now part of Maersk Line stables) became the latest line to announce its future use of Remote Container Management (RCM), which was announced at the Fruit Logistica 2019 in Berlin..

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When Public blockchain meets Private blockchain

blockchain - shipping and freight resource

The blockchain technology and its integration with IoT seem to be quickly catching on and the practical uses and benefits of these integrations would be interesting to watch..

Recently two companies announced that they will come together to create a joint platform to service thousands of users in the transportation sector..

One is RoadLaunch, an intuitive, fully integrated and easy-to-use system for freight quoting, dispatch, capacity management, load matching, asset tracking, transparency and instant settlement..

The other is CargoX, a multi-award winning open and independent platform based on blockchain technology highly regarded as the optimal way to transfer information of value in the digital shipping business..

This partnership will integrate CargoX’s Blockchain Document Transaction System technology, powered by the Ethereum Network, with RoadLaunch’s permission-based blockchain platform..

How will this work..??

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Mandarin and Blockchain come together for Lunar New Year 2019

mandarin and blockchain - shipping and freight resource

Previously we had reviewed how blockchain based smart bills of lading work in general and what smart bills of lading can do..

We also reported on news of shipping lines progressing to the next phase Blockchain initiatives..

Smart bills powered by blockchain seem to have arrived with more and more lines carrying out tests and succeeding in the same..

Pacific International Lines (“PIL”), the company founded by one of the Leaders and Visionaries in Shipping – Mr.Chang Yun Chung, became the latest shipping line to successfully use an electronic Bill of Lading (e-BL) built on the IBM Blockchain Platform for the shipment and tracking of Mandarins (a type of Orange) from China to Singapore to coincide with the Lunar New Year celebrations..

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Which will be the first shipping line to have 100% smart containers..??

shipping and freight news

How would you like your entire container fleet to be made up of smart containers..?? It is a reality and a possiblity..

If you are a shipping line operating at least 1 service and have no more than 150,000 containers, you can enter a competition to convert your shipping containers into smart containers..

No this is not a myth or a joke..

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