The recent crisis in the container shipping industry has resulted in a surge in new shipbuilding orders. The container shipping industry has been grappling with the problems of space shortage, blank sailings, and equipment shortage since the end of the first quarter of 2020. Moreover, the tremendous increase in consumer demand has also added to…
The Cooperative blog
A quick look into the trends of the container ship building industry
A few tips to help you make the most of a Virtual Meeting
There is one thing that all meeting planners agree upon- connection building is a powerful factor that can be immensely advantageous for all businesses big or small. However, this year, several things came in the way of bringing the international freight forwarders in one time under the same roof. The health concerns and the international…
Current Ocean Freight Market Crisis and the Future Scenario
The present scenario in the sea freight shipping industry has posed a major problem for shippers. To begin with, the freight rates are high, and then there are the added problems of container shortage, port congestion, and high demand for space. As per a report by CNBC, “Shipping costs have skyrocketed as desperate companies wait…
A Look into the Future of the Freight Procurement Process
The last one and half years have been extremely challenging for the transportation and logistics industry. Apart from the devastating effects of the pandemic through all sectors of the supply chain, the logistics industry also had to deal with the impact of Brexit. Furthermore, they had to contend with the port congestion and the blocking…
The World Logistics Passport initiative and how it will help the transportation and logistics industry
The World Logistics Passport is an initiative by the government of Dubai to encourage trade in the emerging markets. Countries from Asia, Central America, and Africa have started to join this new trading initiative with the objective of uniting the logistics pioneers and forge a partnership focused on boosting trade. Keep reading today’s post where…
Tips for better strategic planning in the transportation and logistics industry
Strategic planning can be defined as an effective management tool that enables a company to optimize its performance for long-term benefits. Although the transportation and logistics industry is extremely volatile, working with a plan has several advantages for freight forwarders. For example, it helps you focus your efforts, encourages your team to work with a…
Threats of an ecological disaster as chemical cargo ship sinks near Sri Lankan coast
A container ship with tonnes of chemicals has started sinking off the Sri Lankan coast. Already heaps of plastic pellets have polluted the fishing waters in Sri Lanka and the authorities are viewing this as one of the country’s most appalling marine disasters. Keep reading today’s blog to find out a detailed report about the…
FreightViewer, a freight management software to start the transformation
The ability to adapt to difficult circumstances is one of the best skills of freight forwarders. Successfully overcoming last-minute issues is their daily task. But the digital transformation, together with a worldwide pandemic has put freight forwarders to one of the major tests in their careers. The digital transformation is now happening in the industry and…
Explaining the One Belt One Road Initiative: How it is changing the global transportation and logistics industry
The One Belt One Road (OBOR) Initiative is a colossal, long-term project on part of the Chinese government with participation from several other nations. The goal of this project is to enhance international trade and improve logistics for the promotion of global economic development. China is consistently urging other countries to cooperate on all fronts….
The African Continent Free Trade Agreement: How it will be a game changer for the transportation and logistics industry
On 1st January 2021, the implementation of the African Continent Free Trade Agreement (AfCFTA) has finally allowed the African nations to officially commence trade under a new free trade area across the continent. The AfCFTA has created the largest free market in the world by connecting 1.3 billion people from 55 nations with a total…