Maersk is expanding its US warehousing network with a $890 million acquisition. Read more
The air and sea global freight industry are confirming that a “return to the norm” is months away, some have suggested September or longer until both a full return to productive work and sufficient supply chains are in place.
The company said that to achieve this goal, carbon neutral vessels must be commercially viable by 2030, and an acceleration in new innovations and adaption of new technology is required.
The Freight & Trade Alliance (FTA) and the Australian Peak Shippers Association (APSA) have announced that Robbert van Trooijen, Senior Vice President and CEO – Asia Pacific of Maersk Line, will speak at the Global Shippers Forum and the International Cargo Handling Coordination Association (ICHCA) International Conference & Exhibition, held alongside MEGATRANS2018 this May in Melbourne.
Based in Hong Kong, van Trooijen is responsible for Maersk Line’s activities in the Asia-Pacific region, comprising Greater China, Northeast Asia, Southeast Asia and Oceania.
“In a period of significant change and consolidation for shipping lines, Robbert will be providing a shipping line outlook for 2018 and beyond, as a global executive from the world’s largest container shipping line,” the FTA and APSA said in a joint statement.
“This will be a must see presentation for freight forwarders, shipping lines, shippers, government stakeholders and businesses involved in the movement of goods across international borders.”
Find out more about the Global Shippers Forum and International Cargo Handling Coordination Association (ICHCA) International Conference & Exhibition, and MEGATRANS2018.
Logistics company and container shipping giant A.P. Moller – Maersk and technology company IBM have announced their intent to establish a joint venture to provide efficient and secure methods for conducting global trade using blockchain technology.
The new company is to be built on open standards, offering a global trade digitisation platform designed for use in the movement of goods across borders and trading zones to provide more transparency and simplicity.
A distributed ledger technology, blockchain establishes a shared, unalterable record of all transactions that take place within a network and then enables permissioned parties access to trusted data in real time.
Maersk and IBM will use blockchain technology to power the new platform, as well as employ other cloud-based open source technologies including artificial intelligence (AI), Internet of Things (IoT) and analytics to help companies move and track goods digitally across international borders.
“This new company marks a milestone in our strategic efforts to drive the digitisation of global trade,” said Vincent Clerc, Chief Commercial Officer, Maersk, and future Chairman of the board of the new joint venture. “The potential from offering a neutral, open digital platform for safe and easy ways of exchanging information is huge, and all players across the supply chain stand to benefit.
“By joining our knowledge of trade with IBM’s capabilities in blockchain and enterprise technology, we are confident this new company can make a real difference in shaping the future of global trade.”
Bridget van Kralingen, Senior Vice President, IBM Global Industries, Solutions and Blockchain, added: “The major advances IBM has made in blockchain have shown that the technology can foster new business models and play an important role in how the world works by building smarter businesses.
“Our joint venture with Maersk means we can now speed adoption of this exciting technology with the millions of organisations who play vital roles in one of the most complex and important networks in the world, the global supply chain. We believe blockchain will now emerge in this market as the leading way companies seize new untapped economic opportunities.”
IBM and Maersk began a collaboration in June 2016 to build new blockchain- and cloud-based technologies. Since then, several companies have piloted the platform, including DuPont, Dow Chemical, Tetra Pak, Port Houston, Rotterdam Port Community System Portbase, the Customs Administration of the Netherlands and the US Customs and Border Protection.
The joint venture will now enable IBM and Maersk to commercialise and scale their solutions to a broader group of global corporations. General Motors and Procter and Gamble and Agility Logistics have already reportedly expressed their interest.
On 30 August 2017, Maersk published an industry notice announcing an increase in Booking Cancellation Fees from $100 to $250 per 20′/40′ dry container.
The Australian Peak Shippers Association (APSA) and Freight & Trade Alliance (FTA) have since received reports that other shipping lines are preparing to announce similar increases, APSA Secretariat Travis Brookes-Garrett reported in a statement.
APSA subsequently engaged senior executives at Maersk Line Australia on 31 August 2017 to challenge the increase, finding that it has been introduced due to an increase in container ‘no shows’. Maersk will reportedly provide data shortly to validate the claim.
“APSA maintains the position that two-way accountability should exist,” said Brookes-Garrett. “If shippers and forwarders are faced with punitive cancellation fees, then they should also be compensated by the shipping lines when bookings or containers are rolled.
“In a competitive marketplace, APSA and FTA encourage other shipping lines to consider the realities of Australia’s agri-export economy before the introduction of punitive fees. If accountability exists then it should exist for both the shipper and the shipping line.”
While the increased booking cancellation fees are in effect, Maersk has confirmed that consideration may be given where there are genuine extenuating circumstances.
Shipping line Maersk is reportedly looking at opportunities to expand into on-land logistics operations as freight rates are dropping.
“We’ve got a vision to be the global integrator of container logistics,” Gerard Morrison, Managing Director – Oceania at Maersk told The Australian Financial Review (AFR).
“Shipping and logistics can be quite fragmented – multiple parties, multiple documents, multiple invoices – but we’re hoping to find ways to simplify that,” he added.
“At the moment, shipping is ‘shipping from port to port’ and the thought is, how can we help our customers deal with other parts of the supply chain?”
Morrison noted that in order to offer services such as container storage, customs clearance and trucking to the logistics sector in Australia, the liner may need to acquire other businesses – though there are no such plans in place at present. “If the right opportunity was there, we wouldn’t look away from it,” Morrison said.
Morrison reported that shipping volumes are improving worldwide, driven in part by the economies of Europe and Latin America. “Australia and New Zealand are doing very well, there’s very steady growth out of both markets,” he said. “Customers are asking us to carry more and more cargo.”
Ivan Spanjic is to be Svitzer Australia’s next Chief Commercial Officer, from April 2017, Lloyds List Australia has revealed.
Spanjic is currently Chief Operating Officer of port towage company Svitzer’s operations in Africa, Middle East and Asia, a position he has held since 2013.
A newly launched app from Maersk Line keeps customers informed of cargo status throughout transit.
With the app, customers can manage shipments and track cargo on the move thanks to push notifications, real-time shipping information – such as service or documentation changes, and estimated arrival times.
The app is available on Android and iOS.
Find out more on the Maersk Line website.
Globe Express Services has recently been awarded with the prestigious Platinum Award by Maersk Line, the world's largest ocean carrier and the most reliable container shipping company.
The company has received the award for the fifth consecutive year in recognition of its services as one of the best performing logistics providers and top customers of Maersk Line.
The award was received by John C George, Branch Manager of Jebel Ali Branch, Globe Express Services in a gala ceremony held in Dubai.
Business leaders, industry professionals, and senior executives from the Middle East's shipping industry were present at the annual awards which recognises the achievements of Maersk Line's long-term partners.
Mustapha Kawam, President & CEO, Globe Express Services, said: “In our over a decade-long relationship with Maersk Line, we have continually strived to provide them with competitive, reliable and ultimate service experience. The Platinum Award from Maersk Line for the fifth year in a row reinforces our commitment to deliver comprehensive, robust and innovative logistics services to our customers. It also serves as a strong motivation for Globe Express Services to continue to offer high quality visible, flexible and customized supply chain solutions in the region and the world.”