Loadstar posts

CargoX unveils first open smart bill of lading platform powered by blockchain

CargoX has launched what it claims is the first open, neutral blockchain smart bill of lading (B/L) platform for shipping.
A decentralised system for sending digital documentation, the Smart B/L platform is targeting forwarders, NVOCCs and shippers.
Chief executive Stefan Kukman said the the IRU World Congress had recently crowned the platform its top innovation.
“Blockchain platforms shouldn’t be treated and used as self-contained systems, even if they do serve a particular purpose and solve a...

https://theloadstar.co.uk/cargox-unveils-first-open-smart-bill-lading-platform-powered-blockchain/

Asia-US spot rates spiked by rush to fill ships to beat trade war tariffs

The Asia to the US east coast component of the Shanghai Containerised Freight Index (SCFI) has continued to gain traction.
This week it added 3.5% to reach $3,739 per 40ft, on strong demand fundamentals.
Spiked by the rush to beat 25% tariffs to be levied on a range of consumer imports to the US from China on 1 January, carriers are running full ships and therefore able to secure premium rates for …

The post Asia-US spot rates spiked by rush to fill ships to beat trade war tariffs appeared first...

https://theloadstar.co.uk/asia-us-spot-rates-spiked-rush-fill-ships-beat-trade-war-tariffs/

China-US trade war straining the links in global supply chains

The failure of shipping lines to make a profit and terminal operators reporting declining profitability is putting the entire supply chain at risk, delegates at this week’s TOC Americas Container Supply Chain event in Panama heard.
Dinesh Sharma, executive director at supply chain analyst Drewry, said carriers and terminal operators were being pressured to diversify their business portfolios to mitigate the increasing risks from the trade war between China and the US and the huge surge …

The...

https://theloadstar.co.uk/china-us-trade-war-straining-links-global-supply-chains/

Sewerage project shows how the Thames could again be a major cargo route

London is facing the perfect opportunity to revitalise the Thames’s reputation as a working river that can be a viable alternative to the city’s gridlocked roads for cargo transport.
At Intermodal Europe in Rotterdam this month, freight and fleet project manager at Transport for London (TFL), Peter Binham, said a new sewerage system being constructed in London sets a good example of this.
“More than 7m tonnes of cargo are being moved by barge in the development of …

The post Sewerage project...

https://theloadstar.co.uk/sewerage-project-shows-thames-major-cargo-route/

Market Insight: as hungry XPO eyes takeover targets, Ryder comes into view

From hungry hunter to possible prey – if the price is right: the corporate story of US-based XPO Logistics has no equal in logistics.
Led by a star executive, Brad Jacobs, the firm has so many capital allocation cards to play, that despite a stated mission of pursuing large acquisitions, it could well end up opting to invest top dollar in organic growth measures all the way through to the end of …

The post Market Insight: as hungry XPO eyes takeover targets, Ryder comes into view appeared first...

https://theloadstar.co.uk/market-insight-hungry-xpo-eyes-takeover-targets-ryder-comes-view/

Flexport broadens top management team as its services expand

Flexport, now styling itself as “the modern freight forwarder”, has announced three top recruits to its team – none of which is from the forwarding business.
Sudhanshu Priyadarshi joins to head the finance team, from Walmart where he was vice president finance for US ecommerce. Prior to that, he was global chief operating officer of Cipla, a pharma company. He has more than 20 years’ experience in ecommerce, retail, pharma and consumer goods …

The post Flexport broadens top management team as...

https://theloadstar.co.uk/flexport-broadens-top-management-team-services-expand/

Container shipping alliances now planning to set course for Latin America trades

The major deepsea alliances could begin to extend their joint service network to secondary north-south trades, such as those serving Latin America, as they look to squeeze more efficiency from their cooperation agreements.
Michael Kristiansen, owner of consultancy CK Americas, told delegates at this week’s TOC America Container Supply Chain event in Panama: “I think the global alliances are coming – whether it is little by little or very fast, I …

The post Container shipping alliances now...

https://theloadstar.co.uk/container-shipping-alliances-now-planning-set-course-latin-america-trades/

HMM’s losses mount as rising costs wipe out profit from increased business in Q3

South Korean ocean carrier HMM recorded a net loss of $148m in the third quarter, to take its trading deficit to $519m for the nine-month period.
“In spite of HMM’s efforts in cutting costs and improvement in its revenue and handling volume, the net loss continued in Q3 due to an increase in bunker costs and a delay in regional rate recovery,” said the carrier.
This loss, in the traditionally most lucrative …

The post HMM’s losses mount as rising costs wipe out profit from increased business in...

https://theloadstar.co.uk/hmms-losses-mount-rising-costs-wipe-profit-increased-business-q3/

Major box carriers to launch association to harmonise digitalisation in shipping

Shipping lines from each of the alliances have formed an association in a bid to develop “digitalisation, standardisation and interoperability”.
The move follows last week’s announcement of a joint blockchain platform comprising the Ocean Alliance and Yang Ming from THE Alliance, which triggered questions as to how the industry would standardise, given Maersk’s involvement with rival platform TradeLens.
But while all the alliances are represented in the new association, it includes only Maersk,...

https://theloadstar.co.uk/major-box-carriers-launch-association-harmonise-digitalisation-shipping/

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