Shipping is an asset-heavy industry and spares are the now topping crew wages as second most costly expense line item only after fuel and lubricating oils. You guessed correct, crews are being reduced through automation, systems, process cull and lengthier times /rotation. Ship Spares’ Supplies are technical department’s domain and rightfully sound dull and, ah.. […]
5 Cases in Digital Transformation in Logistics. Practical implementations.
How is technology changing the Logistics industry? Just now? Old-school and a notable laggard on the digital investment until recently, now the logistics industry is turning quickly into a hotspot for startups, concept proofing and new products. The convenient verse that logistics is a conventional and conservative domain, a near-commodity business with thin margins and […]
Suez – nEver Given – The General Average summary for retail shippers and end customers.
From Wikipedia: It is provided by the Lex Rhodia that if merchandise is thrown overboard for the purpose of lightening a ship, the loss is made good by the assessment of all which is made for the benefit of all. — Julius Paulus Prudentissimus, Opinions of Paulus (circa 230 AD) – source: Wikipedia The run up to running […]
A QUICK GUIDE Trade finance in a nutshell Trade Finance is how a buyer pays or guarantees payment to the seller in a cross border sales transaction in physical goods. In the following article we’ll look at the Trade Finance workings from the point of view of an importer, who fixes a sale and purchase […]