May 17, 2020

Hapag-Lloyd launches digital rate distribution on CargoSphere

hapag lloyd
CargoSphere
digital rate distribution
Shipping
James Henderson
2 min
Blockchain shipping tech firm CargoX raises $7mn in seven minutes in Initial Coin Offering
CargoSphere, the cloud-based rate management platform, has announced a direct data feed of ocean rates and tariffs for the global trade lanes fromHapag...

CargoSphere, the cloud-based rate management platform, has announced a direct data feed of ocean rates and tariffs for the global trade lanes from Hapag-Lloyd, the fifth largest container shipping line in the world, to its customers.

The ocean carrier is the first to offer its customers automatic access to all their contract rates using CargoSphere’s electronic Smart Upload and Diagnostics Solution (eSUDS). CargoSphere said this integration is a dramatic improvement over current labour-intensive industry practices of frequent email distribution of carrier-proprietary file attachments.

Henning Schleyerbach, Senior Director Sales & Service Processes of Hapag-Lloyd, said: “Eliminating the email distribution of spreadsheets and PDFs is an exciting moment for Hapag-Lloyd. 

"We are committed to improving efficiency for our customers and ourselves, and this joint Hapag-Lloyd/CargoSphere integration achievement is an important contribution to the industry as it improves timeliness and accuracy.  We plan to continue differentiating ourselves from our competitors with ongoing innovation.”

Managing Director of CargoSphere, Neil Barni, said, “The CargoSphere team is thrilled to deliver a real-world, ocean carrier integrated, digital, rate-processing solution to the vast global container shipping industry. 

SEE ALSO:

"It is fast, fully automated and ready to transform the inefficiencies that impede ocean carriers. By accelerating the conversion of ocean freight rates to a fully standardised digital environment we are bringing to market a genuine and meaningful innovation that will move the industry forward.”

The CargoSphere platform offers a 100% digital infrastructure, in which eSUDS establishes an automated data transfer of contract and public tariff rates between an ocean carrier, CargoSphere and the ocean carrier’s customers. Digital contract management significantly increases accuracy and reduces processing times from several days to just a few hours.

Shipper, freight forwarder, and NVOCC customers can now have visibility to their own new or amended service-contract rates as supplied by Hapag-Lloyd to the CargoSphere platform. This provides a much more efficient and timely process to transform this traditionally complex, time consuming, error prone and costly aspect of ocean shipping.

Hapag-Lloyd---Digital-Rate-Distribution---SUDS+eSUDS

A Drewry Research Study from 2017 determined that the annual labor cost of finding, receiving, processing, and analysing ocean freight buy rates for the global freight forwarding community was approximately $500mn.

Share article

Jun 23, 2021

Japan Seeks to Revive Stalled Semiconductor Industry

TSMC
Taiwan
Japan
Semiconductor
Elise Leise
3 min
As international supply chains falter, the Japanese government intends to incentivise foreign chipmakers to build localised foundries

Post-pandemic, Japan has seen the consequences of relying solely on foreign imports for its semiconductors. Over 64.2% of its chips are usually imported from South Korea and Taiwan, leaving the country dependent on its neighbours. Industries from auto manufacturers to consumer electronics firms wait for chips, to no avail. But now, the Japanese government looks likely to put real funding behind its semiconductor industry, with top officials emphasising their support.

 

Domestic supply chains have never been more important. Rather than remain tied to international shipping routes during shortages and delays, governments are doing everything in their power to develop local lines of supply. But the question remains: can Japan pull it off? 

 

How Will Japan Pay For It? 

Herein lies our first issue. Japan’s debt has rapidly increased over the past few years, and the semiconductor industry will need roughly a trillion yen—US$9bn—in this fiscal year alone. This cost, however, pales in comparison to what Japan could lose if it fails to keep up with Europe and the US. Both nations have launched aggressive funding measures to revive their local semiconductor industries. And if Japan refuses to invest due to its debt, it could slow down progress in fields ranging from artificial intelligence to autonomous driving. 

 

According to Tetsuro Higashi, the former president of Tokyo Electron and Japan’s top government advisor in semiconductor strategy, ‘If we miss this opportunity now, there may not be another one’. Yet one advanced wafer fabrication factory can cost more than US$10bn, and any money poured into the industry will go fast. That’s why Japan, rather than invest trillions and trillions in failing domestic firms, is considering a second option. 

 

What Do They Plan To Do? 

Japan now intends to look abroad and convince overseas chip foundries to come to its shores. Its past failures mostly centred on trying to merge domestic firms that were already going through tough times. ‘This sort of made-in-Japan self-reliance approach hasn’t worked out well’, said Kazumi Nishikawa, a director at the Ministry of Economy, Trade, and Industry’s IT division. ‘This time the goal is to offer a strong incentive for an overseas logic foundry to come to Japan’. 

 

As follows, Japan will now reach out to industry partners and leaders in other countries, including the industry heavyweight Taiwan Semiconductor Manufacturing Co. (TSMC), to build Japanese bases. According to the South China Morning Post, the heart of Japan’s mission is a US$337.2mn research and development project in Tsukuba that will involve TSMC and more than 20 Japanese firms. ‘I think we need to cooperate with our overseas counterparts’, said Akira Amari, a senior member of the ruling Liberal Democratic Party. ‘[And] TSMC is the world’s top logic chipmaker’. 


Indeed, if that’s Japan’s strategy, the future looks bright. TSMC recently set up a venture near Tokyo to research energy-efficient 3D chips with several Japanese partners. And in the future, the multinational chipmaker may consider expanding its Japanese operations—that is, if government incentives pave the path forward.

Share article