Some of the most important players in the transportation and logistics industry have united to accelerate the process of digital transformation in the ocean freight shipping industry. BIMCO, FIATA, DCSA (Digital Container Shipping Association), ICC (International Chamber of Commerce) and SWIFT have signed an MOU for standardizing the digitization of global commerce. Keep reading today’s…
The Cooperative blog
Tag: ocean freight shipping industry
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…