Poor communication on vessel arrival time is the biggest pain-point for container shippers, according to MarineTraffic.
The vessel tracking specialist calculated that over 22% of commercial vessels arrive at their destination a day later than planned, with 15% making intermediate stops between departure port and destination.
However, under carrier contracts, arriving a day late or a day early may be considered “on time”, according to MarineTraffic product marketing manager Daniel Shirley.
The...
Shippers
Shippers love technology, but some people are irreplaceable
Shippers don’t see a single area of business where pure technology would be a preferable solution to the human touch.
In a survey carried out by Coyote Logistics, shippers said they would prefer even data-based tasks, like managing inventory, load scheduling and monitoring shipments, to be dealt with by a mix of humans and technology.
And there are some areas where shippers don’t see humans as replaceable.
Some 55% of respondents said communicating …
The post Shippers love technology, but some...
https://theloadstar.com/shippers-love-technology-but-some-people-are-irreplaceable/
Shipper + 3PL + data sharing = more trust and a smoother supply chain
3PLs that collaborate with shippers on data will boost efficiency and see longer-lasting relationships with their customers.
“Logistics is still a people business, and personal relationships are important,” said Lorenzo Fornaroli, senior director global logistics strategy and operations at Huawei.
“But there is much easier access to data now. I see a lot that needs to be done in terms of trust and relationships in China, but collaboration [over data] brings success …
The post Shipper + 3PL +...
https://theloadstar.com/shipper-3pl-data-sharing-more-trust-and-a-smoother-supply-chain/
Cosco chief slams rivals’ plans to be ‘end-to-end’ supply chain providers
China Cosco Shipping executive vice president Wang Haimin has rubbished the idea that carriers can be sole service providers of end-to-end container supply chains.
Mr Wang (pictured) drew comparison between competitors Maersk and CMA CGM’s push to become fully integrated container logistics providers and, at the other end of the spectrum, MSC and Hapag-Lloyd’s apparent focus on pure port-to-port shipping.
“Cosco is somewhere in the middle,” he told delegates at the TPM …
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2020 Insight Throws Light on New Mindset For Vessel Operations
- Shippers are advised to be prepared to face the ‘known unknowns’ that include everything from fuel availability to compatibility.
- IMO’s Ship Implementation Plan (SIP) compliance guidance is designed to ensure fuel and lubricant supply chains are planned up to and after the implementation date.
- A vessel needs three things to operate safely and efficiently – fuels for propulsion, well-maintained engine hardware, and lubricant.
- Shippers are finding smart ways to ensure vital supply chains are not...
http://mfame.guru/2020-insight-throws-light-on-new-mindset-for-vessel-operations/
IMO 2020 Shaking Up How Shipping and the Oil Sector Works?
- IMO is meeting for its only MEPC session this year ahead of 2020 sulphur regulations which will be affecting shippers and refiners.
- The oncoming regulations will reduce air pollution and prevent 570,000 deaths within 5 years of implementation.
- While ports like Singapore, Fujairah and Rotterdam are all equipped with compliant fuels, the same can’t be said about smaller ports.
- BP and Royal Dutch Shell have already reported low oil production which has further strengthened the case of fuel...
http://mfame.guru/imo-2020-shaking-up-how-shipping-and-the-oil-sector-works/
Cogoport adds new product in major boost for Indian importers
COGOPORT ADDS NEW PRODUCT IN MAJOR BOOST FOR INDIAN IMPORTERS
•Leading digital freight platform expands for imports from China
Mumbai, India; Monday 13th May 2019: Cogoport, India’s leading digital freight logistics business, has announced a major expansion of services to now accommodate imports from Asia in a boost for customers across the country. Cogoport has now added a wide-selection of services for Asian route into India – beginning with ports from China and to be followed by others across the Asia region.
Cogoport has already established itself as the leading digital platform for Indian customers to major ports across the globe and is now offering competitive freight rates for bookings of import containers across major shipping lines. The announcement provides further impetus to Cogoport’s growing customer base, which already includes more than 10,000 shippers with import requirements.
Purnendu Shekhar, founder and CEO of Cogoport says: “Our customers tell us that Cogoport is already saving them between 10-15% on their logistics costs and around 40-man hours per booking for export shipments. With the launch of this imports product, a natural second phase progression for our digital platform, we are meeting demand from importers who can now harness our technology for an efficient, cost-effective and transparent freight shipping process. With just a couple of clicks importers can now benefit from an immediate choice of comparative prices from a range of premium shipping lines on our Cogoport platform, and at the same time be rewarded for being partners in this digital transformation.”
Cogoport says it has had a huge demand for inbound shipment services, notably from China into India, and can now also satisfy significant demand for those cargo shipments, with other points soon to follow across Asia.
The Cogoport digital logistics marketplace was launched in 2017 and has been growing at 25% per month by removing the traditional, lengthy and cumbersome offline quotation and booking process. It uses ground-breaking technology, algorithms and analytics to enable its users to move freight faster and more efficiently – with a choice of providers on port pairs, dedicated back-end booking confirmation and seamless shipment tracking.
In less than two years, Cogoport has already attracted more than 25,000 registered exporters and importers, largely but not exclusively small and medium-size enterprises (SMEs), with pricing from over 40 major international shipping line partners. It also works with more than 40 non-vessel operating common carriers (NVOCCs) and 300 freight forwarders.
Users not only benefit from faster decision-making, transparent pricing and lower shipping costs but also automatically earn rewards on future shipments and from 90+ brand partners.
About Cogoport
Cogoport launched its innovative digital freight marketplace in 2017, transforming the way customers had previously booked their cargo shipments.
The Cogoport web platform removes the complexity that otherwise exists in the process of shipping containers – offering a comparative list of transparent pricing from shipping line providers on city pairs across the globe. This single online platform has already attracted 25,000 registered customers, who can select their best solution in minutes, reducing the time previously spent on booking shipments, unnecessary complexity and their costs. Users can track the progress of their consignment at every stage of its journey, in real time, making life simpler for all involved in the logistics chain.
Headquartered in Mumbai, and now with 12 offices across India and the Netherlands, Cogoport already employs 450 people and is growing on average by 25% month on month. More information can be found at: https://www.cogoport.com/
Shippers increasingly unhappy with the performance of shipping lines
Shippers and forwarders are increasingly dissatisfied with the performance of shipping lines, according to a new survey.
This is in direct contrast to air freight, where 16% of shippers were “very happy”with their transport provider, against 6% of box line customers.
Lack of clarity on container line charges, transit times and reliability scored the lowest on the satisfaction survey, carried out by Drewry and the European Shippers’ Council.
Overall, ocean carrier customer …
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https://theloadstar.com/shippers-increasingly-unhappy-with-the-performance-of-shipping-lines/
Whitepaper: Freight Rates May Rise Due To IMO 2020
- Carriers and shippers are bound to face uncertainty due to IMO 2020 regulation because fuel costs constitute over 50% of operating expenses.
- Seabury Maritime published a white paper on March 4th, in cooperation with Gemini Shippers Group,providing statistics.
- It expects an increase of USD 600 in present costs of shipping a container from China to the USEC.
- Several factors affecting a carrier’s calculation of the fuel surcharges make transparency extremely important to build trust.
Carriers and...
http://mfame.guru/whitepaper-freight-rates-may-rise-due-to-imo-2020/
Container Shipping Face a $10B Hit Globally
- 2018 was a turbulent year for the container shipping industry, but it might have been only a warm-up for 2019
- IMO 2020 regulations could cost the container shipping business as much as $10B globally – and that cost could increase significantly in 2020
- Carriers will have to find ways to pass through at least some of the anticipated $10 billion or greater increase in their annual costs.
- Forwarders and 3PL providers will have to navigate shifting currents in their industry.
- Shippers can expect...
http://mfame.guru/container-shipping-face-a-10b-hit-globally/