Traditionally, booking freight required a behemoth task of making phone calls, sending faxes, mail, emails, and waiting. How to Make a Booking During a Pandemic with GreenX By providing integrated trade services through a neutral ecosystem, we offer shippers a digitally seamless experience with the following benefits:Īdded to that, we also offer ocean carriers the ability to monetize their containers through our white-label solution - GreenX, Evergreen Line’s BlueX powered online booking platform. From carriers to shippers, we offer a pathway to digitalize ocean shipping through our FreighTech-enabled FCP. Since 2019, we at BlueX have been striving to create a new way of shipping. Our FCP was developed with the expertise from both Silicon Valley and from the shipping industry. The BlueX Standard is our promise for a seamless online Freight Commerce Platform (FCP) with digital services that shippers need and the monetization strategies for ocean carriers. However, this disruptive element can be minimized with innovation, notable digitalization with the BlueX Standard. ![]() The BlueX Standard and Overcoming COVID-19 Through DigitalizationĬOVID-19 has been a disruptive element in 2020 that has both slowed and halted global supply chains. Well, that’s where BlueX comes in, and we believe that the new way of shipping through digitalization will be the new standard of ocean shipping. However, until a full recovery is in place, what can shippers do to ensure their cargo gets to where it needs to be? Like post-SARS in 2004, there is an expected boom in demand for shipping, and economic activity will return, minus some initial haulage problems. Likewise, China has already begun the road to recovery. Ocean Freight Has Remained Resilient During the COVID-19 Pandemicĭespite the negative outlook for the global economy and shipping in 2020, there are still some positives to recognize.Īccording to a DHL report on COVID-19 on March 10th, while airfreight continues to present challenges, ocean freight has remained relatively unaffected with China, Europe, North America, and many other regions still operating as normal with only a few ports being affected. However, despite this, ocean freight has remained more resilient than other types of shipping. ![]() ![]() Moody’s also downgraded the ocean shipping outlook of 2020 from stable to negative with an expected loss of 6-10% of carrier EBITDA. According to FreightWaves, the worst-case scenario for carriers is a collective loss of $23b this year. In addition, it is estimated that container lines are losing revenue of up to between $300m to $350m as they blank sailings. There is a potential loss of 10% of shipping volume due to COVID-19 (roughly a loss of 17 million carrier TEU). It has now become more apparent that with the lockdown in China in January, and the subsequent lockdown of Europe and North America, that demand for ocean freight has simply dropped. Initially, 2020 was met with optimism in late 2019, with the only concerns being for IMO 2020 with extra charges and the cost of installing scrubbers. The last five years have not been stellar for ocean carriers as they feel the burden of having smaller rooms of error for losses. Shipping has taken hard knocks since January 2020. ![]() Current Situation with COVID-19 and Shipping
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