New RFP landscape: Building strong contracts in 2022

A truck rolls down the highway.

Shippers have long relied on Excel spreadsheets and emails to handle their freight procurement processes. When pandemic-fueled headwinds pushed historic amounts of freight into the spot market, however, many shippers found themselves running an unmanageable amount of seasonal bids to compensate for annual contract failures. 

From there, the traditional Excel spreadsheet and email system started to fall apart. 

“If you have 20 or 30 carriers, you don’t really need a robust system to run bids. You...

https://www.freightwaves.com/news/new-rfp-landscape-building-strong-contracts-in-2022

Intra-Asia rates hit new highs as forwarders get ‘cold shoulder’ from carriers

Intra-Asia freight rates from China are soaring as forwarders discover “it’s not just Maersk” giving them the cold shoulder.
One forwarder in Shanghai told The Loadstar that 90% of container vessels departing China’s ports were delayed – bottlenecks in destination markets the main culprit.
He added: “After a period of soft rates for almost two months, sea freight prices have gone upwards again.
“The overall volume ex-China is less, but the overseas disruption …

The post Intra-Asia rates hit new...

https://theloadstar.com/intra-asia-rates-hit-new-highs-as-forwarders-get-cold-shoulder-from-carriers/

Maersk Spot restriction an opportunity for smaller forwarders to grab market share

Rumours that Maersk will restrict some customers to spot bookings from 1 January could be “a big opportunity” for smaller forwarders to win business from their multinational competitors.
Sean Crook, director at Sydney-based forwarder Neolink, says Maersk and subsidiary Hamburg Süd have “definitely been pushing everyone to online bookings and/or FAK [freight all kinds] rates”.
“But I would say that is 95% of the market now,” he told The Loadstar.
“And while that …

The post Maersk Spot restriction...

https://theloadstar.com/maersk-spot-restriction-an-opportunity-for-smaller-forwarders-to-grab-market-share/

Big wins: towage provider Svitzer Australia awarded two major contracts

Pictured: a Svitzer employee watches tug operations. Photo credit: Svitzer.

By Svitzer Australia (with a small additional contribution and editing by Shipping Australia)

Svitzer Australia, a Shipping Australia member, and a leading provider of towage services, has announced two major contract wins.

The company has been announced as the successful tenderer for a long-term contract to provide towage services for the Department of Defence, servicing the Royal Australian Navy (the Navy). Svitzer...

https://www.shippingaustralia.com.au/big-wins-towage-provider-svitzer-australia-awarded-two-major-contracts/

Global action: a flurry of new international clauses and contracts

Pictured: a generic image of containership; photo Mohamed Aly from Pixabay

A major meeting at BIMCO has produced numerous updates that will affect international shipping.

BIMCO is a global shipowner trade association known for its work on producing global contract clauses and documents for shipping. Following widespread industry consultation, a final draft of the new voyage charter party contract “GENCON” is expected next year and will be up for adoption in May 2021.

In the gas tanker trades,...

https://shippingaustralia.com.au/global-action-a-flurry-of-new-international-clauses-and-contracts/