Latest news from Heavy Lift & Project Forwarding International Magazine

Insourcing a key threat to forwarders

Logistics Trends & Insights has published its 2018 Evolving Freight Forwarding Market report, revealing that 54 percent of respondents think that shippers bringing their logistics functions in house is the biggest threat to the market.

 

Digital disruption, however, was not high on the list of threats facing forwarders. Only 2 percent of respondents classed 3D printing as the biggest threat to the market, while blockchain technology and autonomous shipping ranked second in the list, each with 12 percent.

While digitalisation was not the biggest concern for freight forwarders, 54 percent of those asked said it is “extremely important” to their strategy, although responses varied when asked how they plan to invest in digitalisation.

30 percent of respondents said they would build their own solutions, while 28 percent said they would utilise off-the-shelf platforms. Only 18 percent of respondents planned to invest in digitalisation through partnerships, while 16 percent of those surveyed plan to achieve digitalisation through acquisitions.

Tight margins, meanwhile, continued to be the most critical “pain point” for freight forwarders. 46 percent of respondents selected this issue over capacity concerns, uncertain global environments, and rates.

Only 6 percent of respondents cited the uncertain global environment as the most critical “pain point”, compared to 22 percent of respondents in the 2017 Evolving Freight Forwarding Market report.

logisticstrendsandinsights.com

Heavy Lift | News

BIMCO launches bunker clauses thumbnail image

BIMCO launches bunker clauses

December 10 - BIMCO has launched two sulphur content related bunker clauses: BIMCO 2020 marine sulphur content clause for time charter parties; and BIMCO 2020 fuel transition clause for time charter parties.
Views: 663
MSC readies for additional costs from Sulphur 2020  thumbnail image

MSC readies for additional costs from Sulphur 2020 

December 6 - MSC Mediterranean Shipping Company has estimated that the various changes it is making to comply with the International Maritime Organization’s (IMO) Sulphur 2020 regulations will cost the shipping line in excess of USD2 billion per year. 
Views: 1132
Ports restrict the use of scrubbers ahead of Sulphur 2020 thumbnail image

Ports restrict the use of scrubbers ahead of Sulphur 2020

December 6 - Exhaust gas cleaning systems (EGCS), more commonly referred to as scrubbers, are an accepted way to comply with the upcoming Sulphur 2020 regulations, but several ports have banned the use of open-loop scrubbers in their waters. 
Views: 1480
FROM THE MAGAZINE: Costs set to rise as Sulphur 2020 looms thumbnail image

FROM THE MAGAZINE: Costs set to rise as Sulphur 2020 looms

December 5 - With the 2020 deadline looming for the IMO’s sulphur cap, the industry is still uncertain about the best path to take for compliance. One thing seems to be assured, however, and that is price hikes for shippers and beneficial cargo owners.
Views: 1210

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