What does the recent eBL survey really tell us about progress on adoption?
Hear from FIT Alliance members as they provide their insight into the survey.
#eBL#GlobalTrade#FITAlliance
The Future International Trade (FIT) Alliance’s 2024 survey shows a positive rise in the global adoption of electronic bills of lading (eBL).
Watch DCSA’s Niels Nuyens, Chief Product Officer, and other FIT Alliance members discuss the survey’s full findings: https://lnkd.in/ekdbf5ir#DCSA#eBL#Interoperability#ContainerShipping
#MSC Captures Record Market Share in Container Shipping
The global shipping landscape continues to evolve, and Mediterranean Shipping Company (MSC) has made waves by securing an unprecedented market share of 19.8% in container shipping. This remarkable achievement surpasses the previous record held by Maersk and underscores MSC's dominance in the industry.
The container shipping sector is experiencing significant consolidation, with the top 10 carriers now controlling a substantial 83.9% of the market. While this concentration indicates a changing industry dynamic, it also raises questions about competition, pricing, and service quality.
It will be fascinating to observe how MSC leverages this dominant position and how other major players respond to this new competitive landscape.
#MSC#containershipping#logistics#supplychain#maritime#shippingindustry#recordbreaker#marketshare#industrytrends#globaltrade#shippingnews#oceanfreight#logisticsindustry#supplychainmanagement#economicanalysis#industryinsights
Larger container terminal operators may run 50 to 100 terminals globally. While all container terminal operations are similar, they are not exactly the same. Each terminal's characteristics are shaped by different strategies, behaviors, goals, and interests regarding stakeholder engagement in each port.
There exists an opportunity to create comprehensive data offering, which could move terminals toward the vision of being the basis for supply chain synchronization, improved disruption management through corrective actions at nodes, and more accurate GHG emissions calculations, all enabled by the data available to the terminals.
While the carriers are trying to achieve that through the works of Digital Container Shipping Association (DCSA), the terminals and ports have not yet managed to accomplish anything similar, even though their associations like FEPORT or International Association of Ports and Harbors (IAPH) could aid development of commonalities among the data and data sharing standards which would not jeopardize terminals' competitive positions.
Thanks Jan Hoffmann#port#maritime#business#data
A pivotal conduit linking the Pacific and Atlantic oceans, the Panama Canal faced challenges due to drought conditions and heightened vessel restrictions. In response, major carriers like Maersk temporarily shifted operations to the adjacent canal railroad, ensuring continuity in service. However, the recent decision to resume transits through the canal on the Ocean-Americas (OC1) service heralds a broader trend in the industry.
A.P. Moller - Maersk's return to canal transits, alongside similar decisions by carriers like Hapag-Lloyd AG and Ocean Network Express, underscores the canal's central role in global maritime trade. Check out the latest development. Check out the developments here - https://lnkd.in/ghxan7kt
