Colombo capacity crunch adding to container line woes
Container lines are facing severe capacity problems at Sri Lanka’s Colombo port, as they reshuffle ...
A thought-provoking article here courtesy of The Barrel Blog from S&P Global Platts on the benefit – or some might call it the threat – of the digital revolution to the liner industry’s traditional modus operandi.
Author Eleni Pittalis, a trainee commodities associate at the market information provider, has taken a fresh look at the “archaic” liner industry and is stunned by the “sheer volume of transaction” necessary to effect container shipments around the world.
Moreover, these interactions, notes Ms. Pittalis, expose the supply chain to unnecessary additional risk as concerns mount over cyber hacking.
She views Maersk’s initiative of developing a blockchain partnership with IBM as “the equivalent of unclogging a smoker’s arteries” by dispensing with “the convoluted paper trail previously involved in a single voyage”.
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
FAK rate hikes holding, with strong demand into peak season predicted
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
Trade growth getting stronger, but ocean freight rates stay flattish
Rising costs of port congestion force surcharge by Asian feeder operators
Global airfreight volumes blooming as flower shipments take off
Comment on this article