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© Raphael Daniaud | Dreamstime.com - Invoice

A new white paper from Drewry claimed that as shipping costs are further squeezed more attention should be diverted to “inefficiencies” in payment processes, where it calculates some $31bn in transaction costs is incurred annually.

The maritime consultant estimated that the global container shipping industry earned revenues of $166bn in 2017, generated from the movement of 207m teu across 400 liner services, requiring the raising of a staggering 1.26bn freight invoices.

“We conclude that the prevailing inefficiencies pose a significant market opportunity ...

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  • Frederik deCockBuning

    May 08, 2018 at 8:02 pm

    Mike , finally ! the world opens its eyes ! apart of the billing there are more system
    and communication advantages to safe. the present procedures are all outdated
    and benefit to others except to carriers .