container market

Why the container industry needs to replace BAF with a new pricing tool

The container industry has an elephant in the room. It’s big, smelly and has some serious boundary issues. Its name is the Bunker Adjustment Factor and recently it has grown so large that market players can barely see each other behind its fat bulk. It creates a lot of uncertainty and engenders a lack of trust in the supply chain, which is dangerous for everyone be it a carrier, a

How does IMO bunker fuel reform add up for consumers?

The shipping industry looks set to be shaken up by the International Maritime Organization’s decision to cut global bunker sulfur limits to 0.5% in 2020. Most operators will be forced to buy cleaner, more expensive fuels, raising their bills considerably, but that doesn’t mean consumers will endure similarly high prices. It looks set to be a highly disruptive change for shipping, as each company competes for customers by holding to

Amazon vs Maersk: The clash of titans shaking the container industry

Approximately 90% of the world’s trade travels by sea and one would expect the industry’s supply chain to be the height of modernity by adopting disruptive technology and strategies. However, this could not be further from the truth. While online trading platforms are under development, the traditionalism of the industry prevails with various parties involved in each voyage, typically communicating via trade managers. In this archaic set-up, someone with enough