In a move that could have profound implications for supply chain efficiency and visibility, IBM and Maersk have used a blockchain to manage cargo documentation for ocean freight shipments. The two companies have announced a “new collaboration to use blockchain technology to help transform the global, cross-border supply chain”. Using IBM’s open source Hyperledger, the […]
From a customer’s perspective, with e-commerce, “convenience”, “control”, and “cost” (the so-called three “Cs”) assume a crucial role: Today, customers determine the hours of operation (they log on whenever they want, thus a company always has to be “on”), customers increasingly want to serve themselves (think of a retailer checking the status of their shipments […]
A new position paper from TIACA’s Shippers’ Advisory Committee (SAC) has urged the air cargo industry to work together to drive adoption of new technology to improve data flow and create greater transparency.
A group representing global container lines blasted a beneficial cargo owner-led effort to prevent marine terminal operators and carriers for fining them when forces out of their control prevent them from picking up or returning containers and chassis, saying it could cause “more disputes and port congestion.” (This article requires registration at the Journal of […]
Global bunker fuel costs could rise by up to USD60 billion annually from 2020, in a full compliance scenario, when the International Maritime Organization’s (IMO) 0.5% sulphur cap for bunker fuels kicks in.
January was kind to Boeing in terms of freighter aircraft orders – especially if you consider the 767-200C a freighter. To start, Istanbul-based Turkish Airlines converted two 777 passenger aircraft orders to freighters, and an unidentified customer ordered one 777F.
After a three-year wait, the LM-100J has finally arrived on the commercial market. Last week, Lockheed Martin rolled out the first of these propeller-driven, modified military aircraft, known as “Super Hercules Commercial Freighters.” Lockheed expects the freighter’s first flight to happen this spring.
The container market has seen an inflection point in late 2016, with demand rising above supply during the fourth quarter, ushering in the start of a period of strengthening earnings for carriers, Danish boxship giant Maersk Line believes. As a result, Maersk Line predicts that carriers’ earnings could improve in 2017.
South Korean shipping company Hyundai Merchant Marine has signed a deal with Hanjin Shipping and Marine Terminals Investment Limited (MTIL) to acquire Hanjin Pacific Corporation’s terminals in Tokyo and Kaohsiung.
IATA has produced its latest Chart of the Week (COTW), which focused on ‘asset utilization’ – namely, aircraft load factors.According to the COTW, despite a strong pick-up in the (seasonally adjusted) freight load factor during the second half of 2016 – due to stronger demand and only moderate cargo capacity growth – the annual average […]
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