Shanghai Shipping Exchange (SSE) and software solutions provider Cargosmart have teamed up to tackle vessel reliability concerns among shippers.
They will work together to develop a new method of calculating schedule reliability on key tradelanes to help shippers optimise their supply chains.
Vice president of SSE Yao Weifu said they aimed “to deliver a new shipping index that increases transparency to ocean carrier performance”.
According to reports, global containership reliability hovers at an embarrassing 80%, and chief commercial officer of Cargosmart Lionel Louie believes this ...
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