Port Congestion Update – There growth in the number of containers cleared at Nhava Sheva and Mundra

Towards the end of week 19 major auto players have seen opening up their facilities in different parts of the country in accordance with the social distancing norms with local authorities. Rice exports also have seen substantial movement to Bangladesh from Mundra , whereas the MHA has been pushing west Bengal government to start moving them via road as well. Major mobile phone manufacturers also have resumed operations in Uttar Pradesh, Bangalore and Chennai. Steel manufacturers have witnessed huge volumes moving through exports since the domestic demand has been slowed down due the lockdown. The pharmaceutical industry has seen a…

How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module

The spread of the novel coronavirus causing COVID-19 is affecting the shipping industry in unprecedented ways. As a large number of containers are stuck in transshipment and countries have put restrictions on movement of ships to contain the spread of the virus, it has lead to a mismatch in the demand and supply in the market. As a result, existing RFQs are seeing Force Majeure being invoked and shippers are using spot rates to make bookings to transport their goods.  Moving To Spot RatesThe Demand and Supply mismatch in the market has lead to a lack of availability of containers.…

Blank Sailings Due to Corona Virus-Increasing Shipping Costs

What is Blank Sailing?  A blank sailing (avoid sailing) is a sailing that has been cancelled by the carrier. A blank sailing could mean a vessel is skipping one port, or that the entire journey is cancelled. Why is it Happening Right Now?  With container exports from China reduced drastically, Shipping lines were losing millions of dollars sailing as per committed schedule but with ships partially filled.  The only way to sail with good volume so that the journey is profitable for the shipping line is to reduce the total sailings between a pair of ports.  This will mean that…

Understand How ‘Blank Sailings’ Due to Corona Virus are Increasing Port Congestion

The spread of the novel coronavirus causing COVID-19 is affecting the shipping industry in unprecedented ways. As all countries are taking measures to restrict the outbreak, the shipping industry has been majorly impacted. Large number of containers have been stuck in transshipment and the rise of 'Blank Sailings' by shipping lines has lead to a shortage of 'Empty Containers'.  Containers Stuck in Transshipment Across Major Ports in the WorldTrade restrictions across major ports of the world, to prevent the Corona Virus outbreak have lead to containers being stuck in Transshipment. This is affecting the profitability of shippers on a large…

Reduce the Incidents of VIA Charges by Shipsy Execution

Shipsy EXECUTION brings all stakeholders of a shipment - Shippers, Freight Forwarders, CHAs and Transporters on a single platform, allowing you to avoid the hassle of communication through different communication channels like emails and phone. This collaboration helps ensure that the Container Gate-in happens on time allowing you to avoid costs like VIA charges incurred when you miss the cutoff.  Deadlines Assigned to Tasks AutomaticallyShipsy EXECUTION helps in dividing your shipment journey into multiple tasks. These tasks can then be assigned to individual stakeholders across different organizations. Deadlines are automatically assigned to all the functions based on different cutoffs in the…