2021 has been an important year for the transportation and logistics industry that was beset by port congestion, delays, equipment shortage, and, of course the pandemic. Nevertheless, on the bright side the freight forwarding industry also embraced new modes of operations and digitized their work processes to cope with the increasing challenges and has become…
Last week, the container shipping industry was abuzz with excitement regarding the news of the world’s first electric autonomous cargo ship. Over the last decade, the idea of self-driving vehicles has transformed from a Sci-Fi project to reality. Now the transportation and logistics industry is waiting for the next giant leap- viz the introduction of…
The tremendous growth of consumer demands for commodities has made the sea freight shipping industry a pivotal support system for trade and commerce all over the world. As per a report by the UNCTAD, over 80% of international trade is carried on via sea freight thus making it the backbone of international trade. However, since…
One of the most important news from the container shipping industry in the last week is the integration of container carrier giants ONE and Hapag-Lloyd with Maersk’s TradeLens platform. This move comes two years after the two carriers expressed their willingness to join Maersk’s blockchain platform. TradeLens is a blockchain-enabled supply chain platform launched by…
The container shipping industry has traditionally relied on manual processes for both decision making and data management. There are around 4,900 ports all over the world. Unfortunately, only a handful of them has started to digitize their operations. The reliance on conventional methods is no longer proving useful and this industry is now looking for…
Containerised shipping amounts to more than $4 trillion industry with around 130 million containers being used for sending out various shipments. It goes without saying that smart containers – those that include sensors and are capable of real-time tracking of the movement and location of the cargo – have come up as one of the…