In the container shipping industry, players across the supply chain are at varying levels of digital maturity. From cargo owners and terminal operators to legislators and governments, the wide range of participants makes uniformity difficult to achieve. As does the vulnerability of global networks, prone to disruption now more than ever.

As of June 2024, Houthi attacks in the Red Sea and Western Indian Ocean have escalated, with over 150 reported incidents since November 2023. These attacks have targeted both commercial and naval vessels, disrupting maritime traffic and global trade routes. 

To learn more about efforts to improve operational efficiency and sustainability in the shipping space through technological advancements, Trade Finance Global’s Brian Canup spoke with Chris Sunderman, Program Lead for Banks at the Digital Container Shipping Association (DCSA).

In a positive step for trade digitalisation, BIMCO’s “25 by 25” campaign has surpassed its initial target within its first year.

Trade Finance Global (TFG) and S&P Global Market Intelligence are jointly hosting a webinar “Navigating sanctions: The role of transshipment hubs in Western-made components to Russia” on Tuesday, 2 July, 12:00 BST.

The European Bank of Reconstruction and Development (EBRD)’s Trade Facilitation Programme, alongside the International Chamber of Commerce (ICC) Morocco and the ICC Digital Standards Initiative, recently hosted a conference on the Digitalisation of International Trade in Casablanca, Morocco.

UNCITRAL Working Group VI has been working on an international instrument that allows the use of negotiable cargo documents and negotiable electronic cargo records for all modes of transport in a multimodal or unimodal context.

There are few regions as pivotal to global trade as the Middle East. The petroleum-rich area is the source of roughly one-third of the world’s oil production. When geopolitical tensions in the Middle East force up oil prices, the whole world catches a cold. 

To learn more about risks and risk management, Trade Finance Global (TFG) spoke with Peter Milne and Alex Gray, Director of Trade and Transaction Banking at the London Institute of Banking and Finance (LIBF).

Rental services are becoming more common throughout the shipping industry and among online customers. What should sector professionals do to support the continued growth of these services?