Latest Blogs on the Timber Industry & Trade Digitization

Freight & Logistics | November 12, 2024

The Red Sea, a vital maritime corridor for global trade, has recently been brought into the spotlight due to escalating tensions and security concerns. This strategic waterway, linking the Mediterranean Sea to the Indian Ocean, is now at the heart of a crisis with far-reaching implications.

Freight & Logistics | August 12, 2022

Global supply chains are a complex network of trade flows where maritime transport takes up more than 90% of the volume of global trade, the backbone of the global economy. The structure of this trade flow network also impacts the region’s ecosystem to a large extent. Shipping companies amended their schedules anticipating reduced demand and closure of international borders during the pandemic in 2020. As a result, today, port congestion has become a growing concern for several parts of the world.

Freight & Logistics | July 1, 2022

Ocean freight carbon emissions are a serious problem encountered all over the world. The vessels transporting cargo from one port to the other produce harmful greenhouse gasses (GHG), as they are dependent on fossil fuels. This, in turn, contributes to rising temperatures and climate change.

Freight & Logistics | May 17, 2022

Blank or void sailing is a term used for when a carrier or shipping line skips a particular port or the entire scheduled sailing route altogether. Carriers across the world announce blank sailings time and again. Since COVID, however, the number of announcements for blank sailing has increased by manifolds. This has put a halt on many vessels and containers across the world, thereby delaying shipments and locking in money flows.

Freight & Logistics | November 12, 2021

The cost of shipping has grown dramatically since 2020 and the new normal is all about the strong battle for capacity for sea freight. With additional capacity only coming slowly, freight will remain at unprecedented levels this year, and in the long run, might go beyond pre-pandemic levels.

Freight & Logistics | February 4, 2021

Incoterms are the international rules that determine the responsibilities, costs and risks between the seller and the buyer. They are universal rules that bring predictability to the business. It’s important to keep in mind that this is not the full sales contract, only part of it incorporated into the contract. From time to time the International Chamber of Commerce (ICC) releases new changes and improvements, and this article will discuss some of those most relevant topics.