Cargosmart News

05 Sep 2019

SSE, CargoSmart Launch Carrier Reliability Index

Image: CargoSmart

Chinese shipping index organization Shanghai Shipping Exchange (SSE) and  shipping management software provider CargoSmart have signed a memorandum of cooperation (MoC) to develop a new shipping index for ocean carrier schedule reliability.Both parties will work together to create a new methodology to calculate schedule reliability for key trade lanes to help shippers optimize their supply chains and for the industry as a whole to improve service quality.SSE has been playing a significant role in providing up-to-date and accurate shipping information for the global shipping market…

12 Jul 2019

Shipping Majors Join CargoSmart Digital Initiative

Pic: CargoSmart

The provider of software-as-a-service based shipping and logistics solutions, CargoSmart has announced the official execution of the Global Shipping Business Network (GSBN) Services Agreement with shipping majors.According to a statement from the shipment management software company, CMA CGM, COSCO Shipping, COSCO Shipping Ports (CSP), Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group have signed up with it.As per the agreement…

06 Nov 2018

Global Shipping Business Network on Blockchain Platform Launched

Shipping industry executives initiate blockchain consortium at a signing ceremony. Photo: CargoSmart Ltd.

Nine leading ocean carriers and terminal operators today signed a formal statement of intent for a Memorandum of Understanding (MOU) to form a consortium to develop the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology.According to a statement, the participants include COSCO Shipping Lines, CMA CGM, Evergreen Marine, OOCL, Yang Ming, DP World, Hutchison Ports, PSA International and Shanghai International Port, as well as software…

21 Apr 2017

Shanghai Grapples with Traffic Congestion

File Image (CREDIT: AdobeStock / (c) zhu difeng)

The world's busiest container port, Yangshan in China's business hub of Shanghai, is battling severe congestion wrought by dense fog, higher-than-usual volumes and the aftermath of a shake-up in shipping alliances, ocean carriers and port officials say. More than 100 container vessels are now waiting outside the port, where the average waiting time at berth last week went up 6.2 percent, to 18.2 hours, versus the previous week, according to shipping software provider CargoSmart.

07 Jul 2016

CargoSmart Partners with Ningbo E-port for SOLAS VGM

Image: CargoSmart Limited

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. CargoSmart Limited also announced that Ningbo E-port has extended its cooperation with CargoSmart to meet the new container weight requirements for the Safety of Life at Sea (SOLAS) Convention. Shippers…

29 Jun 2016

Six-Month High for Service Reliability

Graph: Drewry Research

Ocean carriers achieved a six-month high for liner service reliability in May, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors. The on-time average of 76.0% for the 10 trades covered was a 4.1 point improvement on April, representing the third straight month-on-month rise. Along with the better on-time performance so to there was an improvement for the average deviation from the expected arrival at port, which came down from 0.9 days in April to 0.8 days in May, the lowest it has been since December 2015.

17 Jun 2016

Major Shippers Select CargoSmart's VGM Solution

Image:  CargoSmart Limited

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. CargoSmart is a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking. Nippon Express, Globaltransol, and Al Dahra ACX Global are three companies that have selected to submit the VGMs through CargoSmart's platform.

17 Jun 2016

UASC Readies with VGM Processing

Photo: United Arab Shipping Company

The SOLAS Container Weight Verification Requirement Verified Gross Mass (VGM) - System readiness by UASC. United Arab Shipping Company (UASC) announced that the following e-channels will be ready for receiving and processing the VGM information on/after 18 June, 2016. This will allow customers to submit the VGM for cargo which is shipped before implementation effectiveness of 1 July, 2016. Third party portals (e.g. Additionally, to provide customers with the latest about the regulation…

02 Jun 2016

CMA CGM Rolls Out SOLAS Electronic Submission Platform

Image: CMA CGM

"In order to ensure complete visibility and a seamless transition when adapting to the new SOLAS regulation, we have created a dedicated page on our website to guide you through the new Verified Gross Mass (VGM) regulation," says a statement from CMA CGM. From July 1st 2016, the Verified Gross Mass will be applied for better container stowage onboard vessels to avoid incident. CMA CGM Group expect to receive the weight prior to planning. A specific SOLAS cut-off will be provided to our customers within booking confirmation.

21 Apr 2016

Liner Reliability Bucks Downward Trend

Graph: Drewry Shipping Consultants Limited

Ocean carriers bucked a five-month downwards trend by improving container service reliability in March, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors. The average on-time performance in March gained 5.5 points against February to reach 68% with an average deviation from the expected arrival at port of 1.0 days. The improvement seen in March was expected as services returned to closer to operational normality after Chinese New Year in February when carriers tinkered with ever more void sailings to mitigate weaker demand.

20 Apr 2016

Liner Reliability Bucks Downward Trend - Drewry

Drewry containership reliability by trade, March 2016.

Ocean carriers bucked a five-month downwards trend by improving container service reliability in March, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors. The average on-time performance in March gained 5.5 points against February to reach 68% with an average deviation from the expected arrival at port of 1.0 days. The improvement seen in March was expected as services returned to closer to operational normality after Chinese New Year in February when carriers tinkered with ever more void sailings to mitigate weaker demand.

12 Apr 2016

CargoSmart Offers Free SOLAS VGM Solutions

CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, announced that it offers free solutions for shippers to provide the verified gross mass (VGM) of their cargo to their carriers to comply with the new requirements from the Safety of Life at Sea (SOLAS) Convention. CargoSmart is working with more than 70 ocean container carriers and terminals to provide shippers with flexible and integrated solutions to manage the VGM submission process effectively and smoothly. Starting on July 1, 2016, global shippers are required to provide a verified gross mass of each container, including the cargo contents and the weight of the container, before it is loaded on a vessel.

13 Jan 2016

CargoSmart Adds Premium Features to Big Schedules

CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, announced it has added premium features to its sailing schedule search engine, Big Schedules. Available on a subscription basis, the new features allow shippers and logistics service providers to have deeper insights into their shipment planning through sailing schedules and live vessel tracking. Snce its launch in July 2015, nearly 4,000 registered users have made more than 238,000 searches through the Big Schedules sailing schedule search and vessel tracking platform. Ongoing supply chain disruptions around global ports…

26 Jan 2016

COSCON Selects CargoSmart’s Carrier IT Solutions

CargoSmart Limited, a shipment management software solutions provider that leverages big data for greater visibility and benchmarking, announced that COSCO Container Lines Co. Ltd. (COSCON) has started to implement CargoSmart’s online customer service and ocean carrier analytics solutions. The customer service solutions provide COSCON with process-oriented documentation and visibility tools for its customers to manage their shipments online. The carrier operations solutions help COSCON to optimize their vessel operations. Using predictive analytics, COSCON leverages CargoSmart’s global vessel and route data to improve planning, marine operations, and cost savings. Increased visibility to vessel operation exceptions and potential disruptions enables COSCON to respond faster and save costs.

22 Feb 2016

Containers' VGM Mandatory on Hapag-Lloyd

Hapag-Lloyd’s vessel Photo Hapag-Lloyd)

Hapag-Lloyd has informed as from July 1, 2016, the new SOLAS regulation will become effective; therefore the packed containers’ VGM will be mandatory for all the units to be loaded onboard their vessels. The new regulation entails a change in existing procedures for all stakeholders involved across the shipping industry. Safety concerns have always taken a high priority at Hapag-Lloyd – accordingly it is our responsibility to reduce risks to human life and damages to the cargo and environment due to inaccurately declared weights.

20 May 2015

Containership Reliability Reaches New High

Photo: Maersk Line

Container service reliability reached a data-series high in April with the aggregate on-time performance for the three key East-West trades rising to 67.6%, up by 4.1 percentage points on March, according to Carrier Performance Insight , the online schedule reliability tool provided by Drewry Supply Chain Advisors. The previous best since Drewry’s new data series started in May 2014 was achieved in October last year (64.3%) after which the industry struggled to cope with heavy port congestion on the US West Coast and the implementation of new alliance partnerships and services.

22 May 2015

Carrier Schedule Reliability Improves in April

Graph: Drewry Shipping Consultants Limited

Transport consultant Drewry’s Carrier Performance Insight (CPI) for April records 67.6%, up by 4.1 percentage improvement on the previous month in the aggregate reliability of ships on the main Asia-Europe, transpacific and transatlantic trades. The previous best since Drewry’s new data series started in May 2014 was achieved in October last year (64.3%) after which the industry struggled to cope with heavy port congestion on the US West Coast and the implementation of new alliance partnerships and services.

15 Jul 2015

CargoSmart Launches Big Schedules Search Engine

Photo courtesy of CargoSmart

CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, has announced Big Schedules, a new sailing schedule search platform that helps shippers and logistics service providers manage and visualize their ocean routes. Big Schedules actively sources ocean carriers’ published sailing schedules and live vessel location data in order to provide personalized search results for faster and greater insights to improve their shipment planning. The new, free sailing schedule search engine is available on the website.

21 Oct 2014

Long Beach Port Honors OOCL Executive

Shipping line CEO Andrew Tung receives ‘Port Pilot Award’

Andrew Tung, CEO and Managing Director of Orient Overseas Container Line, was presented today with the prestigious “Port Pilot Award” by the Long Beach Board of Harbor Commissioners. Tung is the 77th recipient of the award, which is presented to business and political leaders and advocates who have made contributions to international trade within the maritime industry. He is the first third-generation Port Pilot winner. His father, C.H. Tung (in 1987), and grandfather, C.Y. Tung (in 1977), were also recipients.

19 Aug 2015

Liner Reliability Slips for First Time in 6 Months

Source: Drewry Carrier Performance Insight (http://cpi.drewry.co.uk)

Breaking a run of six consecutive months of improvement, container service reliability across the three main East-West trades declined in July, falling by 4.0 percentage points from June to 73.3%, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors. The latest overall monthly performance was the result of lower reliability scores in the Asia-Europe and Transpacific trades, although service punctuality for the far smaller Transatlantic route was raised to a new data series high.

05 Nov 2014

Drewry, Cargosmart Expand Cooperation

Shipping consultancy Drewry and shipment management software solutions provider CargoSmart have expanded their cooperation agreement to cover a broader exchange of market intelligence data on the container shipping market. The two companies first announced their cooperation agreement in April 2012, when Drewry began using data from CargoSmart to augment its coverage of ocean carrier service reliability on key container shipping trades. “This broader collaboration will enable Drewry to take greater advantage of the data available from CargoSmart’s system…

09 Dec 2014

Maersk, Hamburg Sud Lead Reliability Rankings

Aggregate Schedule Reliability of Top 20 Container Carriers, Source: Drewry’s Carrier Performance Insight

Maersk Line and Hamburg Sud are ranked as the two most reliable container shipping carriers, according to performance rankings published in the new online version of the Carrier Performance Insight (http://cpi.drewry.co.uk) published by shipping consultancy Drewry. Maersk Line and Hamburg Süd were by far the most reliable carriers in the three months to October 2014 with overall on-time performances of 80.4% and 78.5% respectively. The next best performing carrier was Cosco at 69.9%…

19 Nov 2015

Drewry: Container Service Reliability Falls

Containership reliability took a small step backwards in October as the average on-time performance across all trades reached 77.9%, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors. The latest result is based on reliability across 10 deep-sea container trades, instead of the three East-West trades as was previously measured up to and including September 2015, when the aggregate on-time result was 79.9%. The expanded coverage is part of an upgrade to Drewry’s Carrier Performance Insight, which now covers 69 ports and 809 port pairs, and also includes new functionality to download data from the monthly release in both Excel and PDF formats.

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