Today the Digital Container Shipping Association (DCSA) announced a commitment for its members to transition from paper bills of lading to electronic bills of lading by 2030. The switch is… read more →
Increasing volatility in global supply chains means shipping lines must undergo a radical restructuring to survive, according to A.P. Moller-Maersk A/S. Ditlev Blicher, president of Asia-Pacific for the shipping line… read more →
Your Monday morning coffee briefing from TFG: RELEASED – Trade Finance Talks – Sailing into 2023: Navigating the new year To agriculture and beyond: a look at how IoT technology… read more →
The latest issue of TFG’s Trade Finance Talks, ‘Sailing into 2023: Navigating the new year’, is out now!
‘Permacrisis’ was crowned word of the year by the editors of the Collins English Dictionary at the end of 2022, defined as “an extended period of instability and insecurity”. It seems an appropriate term to describe the state of global trade, finance, and supply chains as we enter 2023.
As 2023 unfolds, shippers are experiencing signs of relief from the supply chain upheaval over the past few years. U.S. container imports in December continued to close in on 2019 volumes, port delays continued to improve, the maritime capacity crunch has eased, and ocean shipping rates have approached pre-pandemic levels.
Certainty has been in short supply in the world of shipping in recent years. Shippers, manufacturers, and carriers have all had to adapt to rapidly changing circumstances, from the lingering impacts of COVID to geopolitical conflicts, from stocking trends to industrial action.
I remember reading a quote which has stuck in my mind ever since – “Sharing among an entire ecosystem of innovative partners is a crucial step for modernisation.”
Surecomp today announced that it is partnering with WAVE BL, a blockchain-based digital platform, to further enhance digital trade finance workflows by enabling access to electronic bills of lading in… read more →
This article was originally published on December 19 2022 by Watson Farley & Williams LLP. TFG would like to thank Kimarie Cheang and Chengxi Tan for their contribution.
