Newsletter – March 5, 2018

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    Mar

    Newsletter – March 5, 2018
     

    OCEAN FREIGHT UPDATES

    Evergreen Line launches paperless documentation capability
    source: lloydlsloadinglist.com
    Evergreen Line has introduced paperless Bill of Lading and dispatch documentation functions, in partnership with Bolero International, aiming to enhance connectivity for exporters and importers with customs and port authorities, banks, insurers and regulators.
    The Taiwanese line said it was the first container carrier to integrate with Bolero’s proven electronic Bill of Lading (eBL) solution.
    It said these new services, would lower shippers’ costs while making data transfer more accurate, efficient, reliable and secure. Accessed via the line’s established ShipmentLink portal, the ability to achieve paperless data exchange among all parties concerned in a shipment “will significantly simplify supply chain linkages”. [Excerpted from Lloyd’s Loading List]
    Storm clouds are gathering over box line business in 2018, says Fitch
    source: theloadstar.co.uk
    Credit rating and research firm Fitch Ratings has warned that repeating container shipping’s 2017 profitability this year “may prove challenging”.
    It said: “The fact that some companies are likely to have remained loss-making in 2017 highlights the ongoing weakness in sector fundamentals due to persistent overcapacity, which may undermine a longer-lasting recovery.”  Read more here.
    Growing digitisation of sea freight booking will ‘move the industry forward’
    source: theloadstar.co.uk
    It may have taken some time to get started, but the sea freight business is increasingly digitising its booking systems.
    Hapag-Lloyd today announced its customers could gain automatic access to all its rates via rate management platform CargoSphere.  Read more here.
    The detention, demurrage fee conundrum
    source: americanshipper.com
    The Federal Maritime Commission has yet to determine if entities should receive relief from ocean carriers and terminals assessing free time penalties when the cause of exceeding contracted free time is out of the shipper or intermediary’s control. Read more here. 

    GROUND AND RAIL FREIGHT UPDATES 

    CN Rail chief executive Luc Jobin steps down
    source:  theglobeandmail.com
    Luc Jobin, is stepping down as Canadian National Railway chief executive officer amid a rail-freight backlog that has angered some major customers, the company said on Monday.  Read more here. 

    INTERNATIONAL BUSINESS – GOVERNMENT UPDATES 

    e-commerce logistics costs set to increase, says new Ti survey
    source: shippingazette.com
    THE UK’s Transport Intelligence (Ti) survey shows that e-commerce logistics costs as a proportion of sales look set to rise in the coming years, driven up by an increase in the volume of returns, a higher proportion of premium deliveries and the cost of labour.  Read more here.
    Retail supply chain needs vision, investment, diverse collaboration
    source: ajot.com
    Effective retail supply chains require a forceful vision, appropriate investment and commitment of a diverse workforce, according to presenters at a late February industry conference.  Read more here.

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