In the volatile ocean freight shipping, the years since 2020 have been a tumultuous journey. Moreover, with the remarkable rate hikes of early 2022 and the unprecedentedly low prices witnessed in 2023, sea freight forwarders are keen to unravel the uncertainties that lie ahead in 2024. Will there be a resurgence for container vessels, or…
Conqueror Blog
Category: Logistics Articles
The Road to Decarbonization in the Air Freight Industry Through Sustainable Aviation Fuel (SAF)
Over sixty companies, spanning carriers, fuel companies, and airports, pledged to embrace Sustainable Aviation Fuels (SAF), aiming to constitute 10% of the global aviation fuel supply by 2030. Shifting towards SAF, as opposed to crude oil, holds the potential to steer the air freight sector towards achieving net-zero CO2 emissions by 2050. Sustainable Aviation Fuel…
What is Maritime Single Window and how is it boosting digitization of the container shipping industry
As of January 1, 2024, the global implementation of a mandatory single window for data exchange in ports represents a crucial advancement in the digitization of the container shipping industry. Public authorities in all International Maritime Organization (IMO) member states are required to institute and utilize single window systems for the electronic exchange of information…
Exploring the Impact of the China Europe Railway Express: A Deep Dive into International Freight Forwarding Dynamics
The China-Europe Railway Express, also known as China Railway Express (CRE), plays a pivotal role in President Xi Jinping’s Belt and Road Initiative, serving as a crucial component in international freight forwarding. Over the past few years, this cross-continent network has emerged as a vital conduit for Chinese exports to Europe. Its significance has been…
The Air Freight Industry’s Outlook for 2024
In the ever-evolving landscape of air freight industry, 2024 brings a glimmer of hope and stability after the tumultuous fluctuations of the previous year. According to insights from Oslo-based Xeneta, the air freight sector may witness a return to a more predictable ‘classic seasonality,’ offering a much-needed respite for forwarders. Niall van de Wouw, Chief…
Navigating the logistical challenges of Chinese New Year: A guide for international freight forwarding companies
The Chinese New Year, alternatively referred to as the Lunar New Year or Spring Festival, stands as the most important holiday in China, carrying immense cultural significance. However, for international freight forwarding companies, this celebration introduces distinct logistical challenges. During this period, production decelerates, operations face limitations, schedules experience disruptions, and transportation delays ensue, resulting…
How dedicated freight corridors are becoming a game changer for the Indian transportation and logistics industry
In recent decades, the Indian Government has implemented various initiatives to enhance the country’s transportation and logistics industry, fostering increased profitability for both multinational corporations and independent freight forwarders. It is estimated that around 14 percent of India’s GDP is dedicated to the supply chain and logistics sector, a proportion nearly twice the average logistics…
Everything freight forwarders need to know about the increase in transit fees in the Suez Canal
Starting January 15, 2024, there is an anticipated nearly 15% increase in Suez Canal fees for most types of vessels, excluding container vessels departing from North European ports, which will have some exemptions. According to the Suez Canal Authority (SCA), container vessels, car carriers, chemical, crude, and product tankers, as well as gas carriers, will…
The electronic Freight Transport Information: What it means for the future of the freight forwarding industry
The eFTI (electronic Freight Transport Information) is an EU regulation that will have far-reaching consequences on the digitization of the freight forwarding industry. Before anything else let’s take a look at the definition of eFTI. What is eFTI and how it will impact the European freight forwarding industry? The freight forwarding industry in the European…
Insights on the Future of Digitization in Freight Forwarding: A Report from Cargowise, Conqueror’s Digital Partner
In an era where industries across diverse sectors are actively adjusting to the rapid progress of digital technology, logistics companies worldwide are progressively acknowledging the imperative of embracing digital transformation. This shift towards digitization has become more pronounced, particularly in the aftermath of the global pandemic, during which the logistics industry faced significant challenges, including…