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 World Trade 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…

Avoid Hidden Charges on International Shipments

We at Shipsy are always striving to improve our platform by learning from and responding to the Industry needs! Shipsy’s rate procurement software comes powered with intelligence around local charges, intelligent reference rates and multiple dashboards around cost saving and vendor participation. These help you remain proactive and finalize rates in a more transparent and efficient manner.   Pre-Loaded Local Charges While local charges are public information, shippers are often quoted incorrect rates due to manual errors. Shipsy maintains a sync with all shipping lines and ensures local charges are updated on actuals. Customize Your Charge Master Be in control…

Use ‘Transshipment Ageing’ to raise ‘Hot Load’ Requests.

We at Shipsy are always striving to improve our platform by learning from and responding to the Industry needs!In an attempt to bring in more visibility and analytics, we have introduced a new section to our Shipment Tracking Dashboard Insights- Transhipment Ageing. Shipsy’s Container Tracking software comes powered with a Insights dashboard which keeps track of your Transshipment Ageing. This helps you remain proactive and raise 'Hot Load' requests in a much efficient manner  Bulk Upload' ContainersShipsy's dashboard allows you to upload BL/Container numbers easily using an excel sheet. Once uploaded, Shipsy provides real-time tracking of all them, which keeps getting updated…

Minimize Fuel Cost and Delivery Time using Intelligent Clustering

Minimize Fuel Cost And Delivery Time Using Intelligent Clustering The line between disorder and order lies in logistics. When your logistics are backed up by an efficient documentation and tracking software, it makes the operations sturdier. In today’s world, shipping is an essential part of logistics. A well-equipped digital platform is a crucial factor in managing such vast operations across national and international boundaries.   Automation is the new logistic trend and quite precisely the need of the hour too. Every industry thrives today with the backing up of automation in different sectors. With the help of automating a lot of…

Transformative Potential of Microservices in Logistics Industry

When I first moved from working on large, centralised ERP software to decentralised, cloud-based microservices, it was a task getting attuned to the difference in expected development time. Suddenly, weeks were hours, months were days and years were months. The new expected timelines were a lot more challenging and fun, and so was getting introduced to a new and upcoming architectural style for computer software. Microservice architecture presents a paradigmatic shift to the way software interacts with organisational processes, one which can possibly transform industrial ecosystems, if taken up by stakeholders with method and fervour. What are microservices? The Microservice…

Gamification – Incentivising Blue Collar Workforce

Using games to Drive Business GoalsThe idea of competitive play has been an integral part of an individual’s evolutionary process. As quoted by the author of ‘Gamification by Design’, Gabe Zicherman, “Games are the only force in the known universe that can get people to take actions against their self-interest, in a predictable way, without using force.”Initially, the term “gamification” got people talking when Gartner included it to its “Hype Cycle” list in 2011. Today, 8 years later, it is the buzzword and is widely used by organisations as an incentivisation strategy to enhance productivity and efficiency within the workplace.…

Unlocking Customer Experiences in Logistics

Flawless and Flexible — two words that we believe will define customer expectations in the decade to come.According to a survey conducted by Walker, 86% of buyers will pay more for a better customer experience and it will overtake price and product as the a brand differentiator.Customer Experience — The Final FrontierAs companies across industries look to move up the value chain, a crucial question keeps popping up — “what makes customer experience so important?”The answer has to do with the deluge of global products that today’s buyer is exposed to. Consumers no longer buy a product or service — they buy an…