INTTRA release study findings that show 81% of surveyed ocean shippers look to cut costs through e-Invoicing in 2013. The findings were based on a global study of high-volume shippers and freight forwarders that included 4 of the top 5 global logistics providers. Four years of economic volatility have intensified pressure on carriers and shippers to seek new ways to reduce costs and have seen no relief on pressure to increase service levels. One cost reduction method that has demonstrated results across government and commercial sectors is electronic invoicing (e-Invoicing). Once referred to simply as a “best practice,” e-Invoicing is emerging as a critical cost reduction tool for companies in or those impacted by the struggling ocean shipping industry. The 2012 global study found that: 81% of respondents want to receive invoices electronically in 2013. 77% rate “managing disputes” as their greatest invoicing challenge, with reducing the “time and cost to process invoices” as a close second at 68%. The top 10 country e-Invoicing launch preferences for shippers include the United Kingdom, China, the Netherlands, United States, Germany, Singapore, Australia, France, Hong Kong and Italy. "Invoicing, dispute resolution and payment processes are highly fragmented across the industry and represent a significant area of cost and inefficiency,” said Otto Schacht
Wilhelmsen Ships Service (WSS) has won the prestigious title of ‘Best Partner 2011 - Middle East,’ which was presented by the World Cargo Alliance (WCA) at their annual conference in Bangkok earlier this month. “We are honored to have taken this title, and I would like to extend my sincere congratulations to the maritime logistics team in the Middle East for their splendid work throughout 2011,” said Flemming Andersen, Area Logistics Manager Middle East at WSS
Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), a global on-demand software-as-a-service (SaaS) logistics solutions provider, has acquired the logistics business of privately-held Oceanwide Inc. in an all-cash transaction. Oceanwide's logistics business is focused on a web-based, hosted SaaS model suited for customs brokers and freight forwarders who choose to outsource rather than procure or manage traditional enterprise applications behind their own firewalls.
A Kirkland, Wash.-based freight forwarder involved in the military's program for shipping household goods of military and civilian Department of Defense (DOD) personnel between the U.S. and foreign countries pleaded guilty to criminal offenses related to its participation in that program, the Department of Justice announced today. Criminal charges were filed today in U.S. District Court in Alexandria, Va., against Air Van Lines International Inc. (AVLC). Under the terms of a
U.S. Customs Service Commissioner Robert C. Bonner today announced that Customs will begin taking applications as of August 26, 2002, from brokers, freight forwarders, and non-vessel operating common carriers for membership in the Customs-Trade Partnership program. The program, dubbed C-TPAT, is an initiative between business and government to protect global commerce from terrorism. Unveiled this past April, the program initially sought membership from the importing and global transportation
Global full service freight forwarder, SBS Worldwide launched a key ocean freight consolidation service through the US West Coast gateway for its customers in the north of the UK through its Manchester office, the first of a series of planned enhancements this year. Chairman, Steve Walker is certain that as the economic chill hardens, exporters and importers in one of the most important commercial, industrial and retail regions of the UK will welcome his company’s improved services
Shantanu Bhadkamkar, Immediate Past Chairman of Federation of Freight Forwarders Associations In India (FFFAI) was unanimously elected as Chairman of International Federation of Customs Brokers Association (IFCBA) at the Board of Directors Meeting of IFCBA held in Seoul, Korea recently. Bhadkamkar is the Managing Director (Group CEO) of ATC Group,a leading Customs Broker & International Freight Forwarder in India
Amazon.com Inc is aggressively expanding its logistics operations in China as part of a broader effort to control the rising cost of shipping billions of packages. Its plans in China, outlined in filings there, include handling cargo and customs for goods headed to ports in Japan, Europe and the United States. Some analysts say the move could help position Amazon to offer shipping services to other companies
Dependable Global Express, Inc. (DGX), a global ocean freight forwarder, announces the appointment of Lily Sagherian as its Business Development Manager for DGX's new Middle East Trade Lane service. Ms. Sagherian is fluent in four languages including Arabic and Armenian, and has been in the freight forwarding industry 25 years. In her last position, she was a Trade Lane negotiator and sales person where she managed three trade lanes.
Port of New Orleans President and CEO Gary LaGrange will deliver the 27th Annual State of the Port address tomorrow at a luncheon at the New Orleans Marriott Convention Center. The speech is hosted by the International Freight Forwarders and Customs Brokers Association of New Orleans. Gary LaGrange, President and CEO of the Port of New Orleans, will highlight recent successes and focus on opportunities and challenges for the future
A Hanjin Shipping Co container vessel idled off the coast of Mexico after the company's bankruptcy has received permission to dock and unload cargo at the Port of Long Beach, industry and union officials said Friday. Authorization for the Hanjin Greece to enter the port came after bankruptcy
About 10 Hanjin vessels effectively seized at China ports; Court says plans to start rehabilitations proceedings soon. Hanjin Shipping Co Ltd vessels have been seized at Chinese ports in the wake of the South Korean firm's collapse, further roiling the industry as freight rates jump and
INTTRA, the world's ocean shipping electronic marketplace, and NYK Line, informed that NYK has joined the rapidly growing INTTRA eVGM network for facilitating compliance with new container weight requirements adopted by the International Maritime Organization (IMO), which went into effect on July 1
The newly inaugurated Panama Canal may not be as beneficial as it seems for container ship carriers, says Xeneta, a benchmarking and market intelligence platform for containerized ocean freight. Although the new sets of locks and deeper
The Port of Ningbo has integrated CargoSmart’s software for shippers and forwarders to meet new container weight requirements with its electronic platform for exchanging data between logistics providers, as well as between logistics providers and government agencies, the port said.
As of July 1, shippers and freight forwarders are required to verify the weight of a container before the container is loaded onto a ship. The Netherlands’ Ministry of Infrastructure and the Environment recently published the Dutch interpretation of the international regulations.
Xeneta, a global benchmarking and market intelligence platform for containerized ocean freight, believes that the UK’s decision to leave the European Union will impact negatively on all parties involved in the container shipping segment – from shippers
For many in shipping, the Brexit was unexpected. Many believe that Brexit’s impact on the shipping industry will be more or less neutral. The UK Chamber of Shipping remained neutral on the question of Britain's departure during the runup to the vote.
According to Xeneta’s global database of over 12 million contracted ocean freight rates, the containership market is staging a small recovery, with short-term rates rising, suggesting long-term costs could soon follow suit. This may be positive news for carriers
CargoSmart Limited has announced that its customers are preparing to submit the verified gross mass (VGM) of their cargo through CargoSmart's platform to comply with the new Safety of Life at Sea (SOLAS) Convention requirements that go into effect on July 1, 2016.
50 years after the beginning of modern container shipping in Germany, international trade is handled by 6,397 containerships, with a capacity of 21.1 million TEU. Hapag-Lloyd’s container fleet numbers among the largest in the industry.
Hamburg Süd, one of the 10 largest shipping lines worldwide, and INTTRA, the world's ocean shipping electronic marketplace, have expanded their partnership to address the July 1 implementation of the International Maritime Organization's Safety of Life at Sea (SOLAS) Verified Gross Mass (VGM)
Under the theme ‘Safe for you, Safe for me’, APM Terminals Inland Services, South Asia celebrated Global Safety Day on 28 th April with emphasis on raising awareness on the importance of risk management among employees, contractors and external stakeholders.
With ultra-low container rates, multiple operators teetering on the brink of bankruptcy and adversarial relationships developing between those shipping goods and the carriers, Xeneta believes the entire container industry must evolve. The Oslo-based benchmarking and market intelligence platform
Caribbean maritime leaders meet to discuss industry trends, challenges and opportunities Representatives from all aspects of the maritime shipping industry met in Cocoa Beach, Fla., May 16-18 for the Caribbean Shipping Associations’ (CSA) Shipping Executives Conference.