What happened in 2017? What had an impact on the sea freight forwarding industry and how did it change? 2017 only just came to an end, so we thought it is time for a recap of the articles our readers and customers had been most interested in.
The articles deal with major incidents in the sea freight industry, give detailed information on major events of the freight year like peak seasons, slack season and GRIs for trade lanes to Australia. Also, an article on common failures in sea freight processes is included in the top 5.
Read on to get more insights into the top articles of the last year.
2017 many readers were interested in staying up to date with the current market situation. Out frequent Global Market Updates on the freight forwarding market situation had the highest number of reads.
September Global Market Update on Sea Freight to Australia
The Global Market Update in September focused on the Golden Week that was soon to start. It also took a look at the progress of peak season. It gave details on the GRIs each sea freight carrier had levied and how rates had aggressively increased at that point, making assumptions and giving trends for the expected development of GRIs in the next months for all major trade lanes to Australia.
[Update] International Sea Freight Market to/from Australia – October 2017
The October Global Market Update was concerned with the aftermaths of the Golden Week and how carriers were using it to their advantage. It highlighted how an unprecedented lack of space since the GFC and adverse weather conditions put the sea freight industry under a lot of pressure on the Northeast Asia trade lane. On the Southeast Asia trade lane, carriers had ceased to accept bookings in October and only took new bookings with a three-week notice. Like the Asia trade lanes, also the US to Australia trade lane was expecting new GRIs to be applied.
Top 5 Reasons for Sea Freight Failure and How to Overcome Them
This article deals with 5 major reasons that can cause sea freight failure and result in delays, additional costs or even negatively impact a company’s brand. Spot dealing with freight forwarders and poorly defined incoterms are only two of them. It gives solutions how CEOs and Operations Managers can approach these failures and prepare for the future.
How Logistic Managers Can Control Their Sea Freight Shipping after Major Incidents Like the Maersk Cyber-Attack
One major incident in the sea freight forwarding industry in 2017 was the Maersk Cyber-Attack. Several companies had been impacted by the attack, but Maersk was most famous for it. A publicity Maersk sure would have preferred to avoid as it caused extreme damage to the shipping company. In this article, we advise how to keep or even regain control of your sea freight shipping when major incidents like these occur and which steps to focus on.
Global Sea Freight Market Update For June/July 2017
In the Winter edition of the BCR Global Market Update, we gave an overview on expected GRIs, looked at expected blank sailings and the decrease of capacity for the Asian trade lanes in order to keep or increase rates. The update informed about Infrastructure Fees introduced by Patrick Terminals and Increases to Australian Local Charges. Overall, it looked back at 2016 peak season and made assumptions regarding the impact of Golden Week on the sea freight industry.
For more than a century, 3PL and Freight forwarding service provider, BCR has continued to help small, medium and large businesses achieve an optimum logistics solution with warehousing and transportation, including air freight and sea freight services to and from the major ports including Brisbane, Sydney, Melbourne, Adelaide and Fremantle (Perth).