The target of 50 percent of all bills of lading to be electronic within the next decade has been set by the Digital Container Shipping Association (DCSA). The international freight transport insurer, TT Club welcomes the commitment by the group of container shipping lines that together operate nearly 70 percent of the world’s capacity. The initiative is consistent with the increasing trend towards digitisation across the industry to improve efficiency and reduce costs. However, the current … [Read more...] about TT Club welcomes impetus given to electronic bills of lading development
container shipping
Maersk misjudged container-shipping demand
The chief executive of Danish shipping group Maersk Line said recently that the company misjudged the strength in demand for container shipping, which has proved far more sluggish than it expected when it ordered billions of dollars' worth of new vessels two years ago. The world's biggest container shipper is now counting on the planned P3 cargo-sharing alliance with European rivals CMA CGM and Mediterranean Shipping Co. to cut costs and reduce the number of their ships plying major routes … [Read more...] about Maersk misjudged container-shipping demand
Chinese Cosco containership attacked in Suez
The 10,061 TEU (20-foot equivalent unit) containership Cosco Asia has said to have been attacked while transiting the Suez Canal on Saturday, according to press reports. Details of the alleged attack vary, with some reports claiming that two explosions were heard aboard the vessel, while others suggest the ship was fired at from shore, possibly with a rocket propelled grenade. The vessel is said to have experienced a fire and an explosion in a container on board, at 15:55 hrs on Saturday … [Read more...] about Chinese Cosco containership attacked in Suez
