Category: Freight Forwarding
Estimated reading time: 3 minutes A new government initiative, the Shipbuilding Credit Guarantee Scheme (SCGS) is aimed at providing financial assistance to ship buyers, enabling them to purchase UK-built vessels and enhance their existing fleet. By acting as a guarantor for lenders, the government will facilitate the availability of credit for maritime firms. This innovative […]
Estimated reading time: 2 minutes A.P. Moller-Maersk, a shipping conglomerate, issued a warning on Friday that the worldwide demand for ocean freight containers might see a sharper fall this year, owing to restrained economic expansion and a reduction in inventory by clients. This global shipping giant, which operates approximately 17% of the market share in […]
Recent attacks in the Red Sea by Houthi militants in Yemen have caused major freight companies, including Denmark’s A.P. Moller-Maersk, Swiss-based MSC and French group CMA CGM, to choose to reroute their ships away from the Suez Canal. Market participants speculated that a sustained interruption to this essential passage, which facilitates East-West trade without the […]
Estimated reading time: 2 minutes Enigio has announced that the International Group of P&I Clubs (IG P&I) has approved trace:original, facilitating the issuance of electronic bills of lading by carriers and freight forwarders. These documents are now accessible beyond closed systems, reaching every participant in the trading sequence. This endorsement by IG P&I marks a […]
Estimated reading time: 4 minutes In the latest report on “Global Trade Outlook and Statistics” released by the World Trade Organisation (WTO), economists have shared a cautiously optimistic view of the global trade landscape. According to the report, inflationary pressures, which have been a significant concern in recent times, are anticipated to ease this year. […]
Estimated reading time: 3 minutes Pacific International Lines (PIL) has become a member of the non-profit organisation, Digital Container Shipping Association (DCSA), to promote standardisation and digital innovation in the container shipping industry. DCSA’s founding members include 9 of the 10 largest container shipping companies globally, covering about 70% of the world’s container trade. The […]
Estimated reading time: 3 minutes Surecomp® has announced the completion of successful electronic bills of lading (eBL) transactions, bringing together multiple parties via its collaborative trade finance platform, RIVO™. Following initial transactions processed in September last year, this second phase focused on streamlining the entire eBL workflow to enhance efficiency and transparency, demonstrating how an […]
The Digital Container Shipping Association (DCSA) announced yesterday the release of the final version of its Booking 2.0 and Bill of Lading 3.0 standards, which set universal frameworks on the treatment of key trade documents and the communication between shippers and carriers.
