Posts Tagged ‘Shipping’

To help demystify some of the greatest challenges facing the shipping and freight forwarding industry today, Trade Finance Global (TFG)’s Deepesh Patel spoke with Director of HR Maritime, Richard Watts.

Rental services are becoming more common throughout the shipping industry and among online customers. What should sector professionals do to support the continued growth of these services?

The maritime industry, often seen as a major contributor to pollution, is under increasing pressure to adopt sustainable practices.

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.

To date, 12 shipping companies, in addition to numerous corporates, have suspended activities in the Red Sea, instead choosing to reroute their journeys around the Cape of Good Hope in South Africa.

Sustainability is one of the most used terms in the trade finance industry in 2023. While everyone knows what it means, and most know what the challenges are behind implementing sustainable actions, there is a clear issue with implementing tangible solutions.

Maersk announced a temporary halt on Friday to all container shipments through the Red Sea. This decision was soon followed by Swiss-based MSC and French shipping group CMA CGM on Saturday.

Shipping and logistics managers are responsible for abiding by business ESG standards for greener, more ethical shipping practices on land, water and air. It encompasses brick-and-mortar outfits and e-commerce as global shopping rises in every corporate corner.

In part 1 of this interview, Morgan Lépinoy, Managing Director of Viatrans broke down how container deposits are creating deep structural issues for the shipping and logistics industry in Africa, and what Viatrans is doing to help mitigate these challenges.

Shipping containers are vital for shipping lines, which are availed to shippers (importers, exporters, customs agents, and freight forwarders) for safe and secure transportation of goods. 

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… read more →

In international trade, shipping containers are vital for transporting goods safely and securely. To use them, however, many shipping lines require traders to put down deposits – known as container deposits – to safeguard against possible liabilities such as damage, demurrage, or total loss of the container.

Lenders across the world are grappling with the trade finance asset class. In Singapore, a string of legal cases has left banks facing the prospect of staggering losses with the nature of the trade finance asset class, as secure and self-liquidating, facing an existential crisis.

Over the next 12-24 months corporates in Asia Pacific are looking to move more of their supply chains closer to home. According to HSBC’s latest report ‘Global Supply Chains –… read more →

Today the Digital Container Shipping Association (DCSA) announced a commitment for its members to transition from paper bills of lading to electronic bills of lading by 2030. The switch is… read more →