“TEU,” or “Twenty-foot Equivalent Unit,” originally refers to a 20-foot shipping container. These days, it has evolved into a standard unit of measurement for cargo capacity in the container shipping industry. TEU containers facilitate seamless cargo transfer between different modes of transport, such as ships, trucks, and trains, thanks to their standardized dimensions. Keep reading…
A Bill of Lading, often referred to as B/L, BoL, or Waybill, holds paramount significance in international sea freight forwarding services. Regardless of the cargo type or the mode of transportation employed, the Bill of Lading is an indispensable requirement for sea freight forwarders. Essentially, it serves as a legally binding document issued by the…
Reefer containers or refrigerated containers are gigantic refrigerators that freight forwarders use to ship temperature-sensitive cargo such as fruit, meat, vegetables, dairy, flower, pharmaceuticals, etc across the oceans. Sea freight forwarders that specialize in perishable cargo typically use these containers that can maintain a temperature range of -30°C and +30°C. Moreover, with the increase in…
In the last three years, the pandemic impacted the normalcy of global logistical operations as a result of which the supply chain industry had to contend with severe disruptions, container shortages, port congestion, hike in spot rates, and sudden changes in demand among other things. Right now we can confidently expect that the pandemic is…
The ocean freight sector is responsible for around 90% of the net global trade according to the International Maritime organization. The container shipping industry consists of several sea routes some of which are more important because of their location and commercial requirements commanding the inflow of container ships. The carriers rely on shipping routes that…
The container shipping industry is preparing for renewed chaos, disruption, congestion, and backlogs as Shanghai restarts its manufacturing and supply chain operations after two months of strict lockdown. A recent survey by Container xChange suggests that this year’s summer peak season cargo surge will be even more chaotic for global supply chains than the 2021…
With container shipping being responsible for moving around 90% of international commodities, the ocean freight industry plays a major role in sustaining the modern economy. However, ever since the pandemic we can see a sharp rise in sea freight rates due to several factors like container shortage, equipment shortage, labour shortage, port congestion, etc. In…
While determining shipping options independent freight forwarders need to make the important decision of whether to ship less than container load (LCL) or full container load (FCL). Several factors come to play while determining the ideal mode of shipment. Both LCL and FCL shipments come with a set of unique advantages and disadvantages. This is…