In recent years, the logistics industry has encountered dynamic challenges, requiring adaptability and strategic agility, as exemplified by Ocean Sky Line (OS Line) in this narrative. Since 2020, the world has witnessed a series of impactful events including a pandemic, soaring inflation rates, conflicts in Ukraine and Gaza, and natural disasters, all of which have…
Amid steady export-import activity during the last year (2023), Gateway Container Line (GCL) in Surabaya maintained positive growth in both shipments and revenue. This has reinforced its position as the dominant consolidator in East Java. For Gateway Container Line (GCL), a leading national consolidator, East Java (Surabaya) plays a pivotal role in overall corporate performance….
The current conflict in the Red Sea has caused chaos in global shipping and created a multi-front storm for global trade. The situation has forced ships to sail the long way around South Africa’s Cape of Good Hope. Diversions from Egypt’s Suez Canal, which feeds into the Red Sea, are reducing capacity. Rerouting vessels around…
Leading ocean carriers operating on the Asia-Europe trade lane, including Hapag-Lloyd and CMA CGM, have jointly declared a final attempt to increase rates on the challenging route in the upcoming year. Hapag-Lloyd has officially raised its FAK (freight all kinds) Asia-North Europe 40ft rate to $3,000, effective January 1, 2024. Despite this effort, the carriers…
In a strategic move to capitalize on Southeast Asia’s rapid growth as a global production and consumption powerhouse, Maersk, the Danish shipping giant, has unveiled plans for a more than half-a-billion-dollar investment spanning three years. This substantial investment aligns with Maersk’s global integrator strategy, focusing on providing comprehensive logistics solutions despite the current financial challenges…
In the dynamic realm of global logistics, ECU Worldwide stands as a beacon of innovation and efficiency. As a subsidiary of Allcargo Logistics, a prominent player in multi-modal transport and a global leader in LCL consolidation, ECU Worldwide has redefined freight forwarding with its indigenously developed digital platform, ECU 360. In an exclusive interview with Indonesia…
Challenges in the logistics business will always occur but will shift. If last year (2022) the business was mostly controlled by shipping lines in view of lack of (vessel) space, this year (2023), the logistics business would be mostly controlled by cargo owners, according to Hesty Rosmawaty, President Director of Gateway Container Line (GCL). How…
As many as 3,887 logistics players have been certified by National Agency for Profession Certification (BNSP). This proves they are competent, Indonesia Logistics and Forwarders Association (ALFI/ILFA) said. ALFI Chairman Yukki Nugrahawan Hanafi underlined that the association strongly supported the competency certification policy since it was first called in 2015, especially in the transportation and…
Global container shipping turned a corner in the second quarter of 2022, according to the latest Quarterly Review of the market produced by MDS Transmodal and Global Shippers Forum. Covid lockdowns in China, suppressing the supply of manufactured goods and demand for raw materials, and plummeting sentiment in consuming countries due to rising interest rates…
The decline in global shipping volume has really occurred. The volume in the second half is projected to be lower than the volume in the first half of this year. There will be no peak season in the remaining months of the year. According to Peter Sand, a maritime analyst, this is really a nonpeak…
