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This year, many carriers are focusing on profitability as opposed to ensuring that vessels are full. With smart business tactics in play, carriers are attempting to ensure that financials are steady due to the effect of many of those going out of business in the last few years.

There are many factors that would affect ocean shipping, and in 2019, the likes of supply and demand play a big role. Unlike past years, there was a simple correlation that if there was a spike in demand, there would also be a spike in shipping rates; if demand dropped, then shipping rates would decrease. This occurred regardless of whether it was profitable for the carrier. However, with fewer carriers in play, many vessels are committed to maintaining a tight ship with reducing the available capacity to make sure that demand is present against such available capacity. This has resulted in average shipping rates being maintained at a higher rate, with overall capacity for ocean shipping in 2019 projected to increase at least by 3%.

Politics and government policies, trade and tariff uncertainties can also affect ocean shipping in 2019, as much as it did in 2018. With the trade war between China and America in 2018 led to many changes in how importers/exporters dealt with ocean shipping. Southeast Asia has encountered many importers moving towards supply chain diversification, along with increase in use of transshipments along with the base ports. The following is a summary of the US- China trade war.

Despite demand in Southeast Asia increasing, carriers are not looking to increase their services, which may change the way in which carrier operations will occur. Don’t forget the Brexit also looms, and that in hand, will affect ocean shipping in some way too.

Ocean carrier consolidation and the use of 3PLs (also known as third party logistics providers), with various carriers re-strategizing the way they operate. One of which is to either invest in the use of 3PLs.  Another factory that would affect ocean shipping in 2019 would be the use of ocean shipping technology, to reduce manually entered invoices and information.

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If you are on the lookout for logistics solutions and you happen to choose air freight as your first choice, there are some things you may want to keep in mind. With international air freight, there are a great number of benefits over sea freight. The major benefit would be the speed in which you would get your goods in hand.

Whilst speed of delivery is what individuals who choose air freight opt for, with domestic shipping  being so affordable, more and more people are looking to save with air freight services too. Based on statistics, 35% of all businesses choose air freight as their preferred choice of shipping.There are many reasons why so many businesses choose air freight; increased speed, consistency, flexibility, low insurance premiums, as well as higher security standards to name a few. Let’s look at these in depth.

 

Increased Speed

Many choose air freight for the sole purpose of speed over the likes of land and sea freight as they are much slower in comparison. With it comes air freight charges, these vary between  carriers.

Consistency

Knowing when you are to receive your goods and being able to track the progress and delivery of the air freighted goods makes things easier for customers who rely on information for the daily businesses.

Flexibility

When you choose air freight, you are also allowed the freedom of having your pick of locations for delivery. In the case of land or sea, you may be limited to by transport networks, whereby smaller country may be left out. As you choose air freight, it will open a wider reach to serve more people.

Low Insurance Premiums

Due to lower risks when you choose air freight, there are also lower insurance premiums as it may not need to cover risks of natural disasters such as earthquakes, flooding etc..

High Security Standards

When it comes to  air freight, there are a variety of security checks and restrictions that are placed, thus making transportation of goods via air freight a more secure channel.

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If you are coming across the Transco Cargo corporate website, we welcome you. You’re probably on the lookout for a shipping partner, to help you move your cargo from one location to the next. When you choose to ship with Transco Cargo Express, there are three phases in which you need to be prepare for. These include the likes of preparing your shipment, packing your shipment, and last, paying for your shipment.

Preparing your Shipment to Ship with Transco Cargo Express

When you choose to ship with Transco Cargo Express, preparing your shipment is essential. This will include figuring out the shipment weight, the documentation required to name a few.  When you ship with Transco Cargo Express, you may opt to ship a large but lightweight package, and in such an event, the cost to ship will be calculated based on volumetric weight as opposed to its actual weight for a fair estimate as to how much space it would take up during shipment which is a standard IATA protocol. To calculate the volumetric weight, you need only take the height, length and width in centimeters and multiply them, and then divide the sum by 5,000(i.e., (h x l x w)/5000).

Documentation usually includes the waybill and invoice.  All shipments need to have a properly filled out waybill or label to ensure that proper tracking can be carried out during the entire journey of your shipment.  Each waybill is properly numbered, and should be accompanied by the appropriate customs documentation as well such as a proforma invoice, and any additional paperwork necessary depending on the destination country as well as the contents and/or value of the shipment. Usually a proforma invoice is needed when shipping cargo that is classified as documents. This will detail the type of cargo, description of goods, your bank details, country of manufacture or origin, total value declared, the incoterms involved, and the reason for export of cargo.

Packing your Shipment to Ship with Transco Cargo Express

Packing correctly and choosing the right packaging goes a long way, for various reasons.  We do not recommend reusing used boxes due to the possibility that structural stability may be affected. In the event you do, we would advise that you use the “double-boxing” concept and also remove any prior labels or markers so they do not conflict with your shipment. You can also purchase shipping boxes, tea chests, and crates from the Transco Cargo offices as well. When you ship with Transco Cargo Express, we look at taking care of matters, and offer door-to-door service. Ship with Transco Cargo Express for your next shipment from Australia.

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When it comes to shipping a personal vehicle, which essentially can cover everything from a car, van, caravan, motorcycle or even a yacht, there are some specifics that one must be aware of. For one thing, it’s a complex procedure as you are shipping a personal vehicle from one country that has its own rules and regulations to another that has its own. Thus, knowing and understanding these fully is essential. We have put together the process of shipping a personal vehicle to make it simpler to understand the dynamics and what you should expect from the freight forwarder and what is expected from you.

Contacting Transco Cargo as Your Freight Forwarder

When you get in touch with Transco Cargo as your freight forwarder for the process of shipping a personal vehicle, there are several factors that need to be accounted for before you even start shipping a personal vehicle. Furthermore, there are some legal aspects that must be handled by you as the shipper. Thus you are in need of a freight forwarder that is reliable and is able to offer a variety of transport services such as picking up and loading the personal vehicle into the container, ensuring that its secured, as well as transporting it from your location in Melbourne and then taking it to the warehouse before its loaded onto the container vessel for the shipment to leave the port. In terms of documentation, as your freight forwarder, Transco Cargo will handle the prepping of all documentation and assist you in filling particulars of the export documents as well as insurance matters.

Our agents at the destination port will also be able to do the needful in terms of collection of the personal vehicle cargo, as well as other documentation so that it will be released without a fuss.

Booking the Cargo Space

There are essentially two things to consider; the space needed and the shipping schedule. In terms of booking your cargo space for shipping a personal vehicle. You are able to ship your vehicle in 2 ways. One would be to drive it onto the shipping vessel (if its motorised), or opt to load it into a shipping container. It’s a matter of informing Transco Cargo of your shipment requirement. In terms of schedules, you can simply check out the shipping calendar to figure out when the next shipment from Australia to overseas is planned.

Documents for Shipping

Transco Cargo are professional freight forwarders with over 30 years’ experience in the logistics industry. They will instruct you on all documentation needed for shipping a personal vehicle, and also assist in filling them and submitting them to the necessary authorities.

 

Get in touch with Transco Cargo to help in shipping a personal vehicle from Australia overseas.

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The OBOR, also known as China’s One Belt One Road Initiative is a strategic and economic agenda that will connect Eurosia, Africa and Oceania along two routes (maritime and on land). Supporters of One Belt One Road say that it will most likely aid economies in need with new infrastructure and economic aid, whilst some say that it will allow China to dominate the areas of which OBOR will pass through. This strategic and economic concept was derived by an amalgamation of the         Silk Road Economic Belt and the Maritime Silk Road of the 21st century.

Whist OBOR is being pitched in Australia as an economic opportunity, it also means that Australia-China ties will be increasing and strengthening, a closer look should be place on how OBOR will affect economic zones in the likes of Malaysia, Indonesia, Bangladesh, Myanmar, Pakistan, Kenya, Tanzania, Oman, Djibouti and of course Sri Lanka. The OBOR initiative is to bring together 35 countries with the setup of 75 economic zones with trade cooperation measures. Whilst many countries are being cautious, Sri Lanka has welcomed the One Belt One Road initiative with open arms.

China’s One Belt One Road initiative comes as part of China’s integration into Sri Lanka with its current Free Trade Agreement along with policy coordination, connectivity and improved trade proceedings. With Sri Lanka’s geographical placement on the global maritime route and the OBOR, as well as other OBOR related project that are being developed such as the Colombo International Port City, the Hambantota Port and other real estate project adjoining Colombo Int. Port City, the OBOR Initiative has much value to the country.

Through China’s One Belt One Road Initiative, Sri Lanka can benefit in various ways, such as with higher trade flows, growth in foreign investments, hard and soft infrastructure developments, integration of Sri Lanka into global value chains, tourism growth, technology & knowledge transfers, and employment opportunities. More importantly, as an impact to Sri Lankan logistics becoming an economic hub in the Indian Ocean.

There are concerns and risks, as India too is vying for the spot of economic hub in the South Asia region, however, there needs to be balance and other means of strengthening relations with past strategic parents such as India and China both. Much like Kazakhstan, Sri Lanka too can garner positive impacts  to become a trading hub, as well as reaching other markets that were before not as easy. By linking Pakistan, India, China, Central Asia, and Europe, Sri Lanka is able to supply products and maintain connectivity with the global market.

A concern that will occur in the maritime route, would be maritime security and energy, as well sa understanding the OBOR initiative, as many of the policies are in Chinese. Furthermore, Sri Lanka debt burden with its poor Public Debt Management may be of concern too whereby China could benefit from the fiscal situation Sri Lanka has found itself in.

*BRI – Belt Road Initiative

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As a freight forwarder, Transco Cargo is committed to the helping individuals with transporting their personal goods, be it a few or many. In the event of an overseas relocation, moving your personal belongings is not as easy as calling the movers. Nevertheless, there are a number of ways in which your personal cargo can be sent overseas without too much hassle. You can use Transco Cargo’s expertise in the field to ship your private vehicles and belongings via shipping container. Transco Cargo stands true to its slogan, “We Love to Deliver”.

As a global shipping and freight forwarding agent, we look at different ways in which we can take the hassle off your back. Need us to help you pack? We got your back? Need shipping boxes, tea chests and crates? We retail those at our offices, and other agents. Need advice in packing your own shipping boxes and crates that you buy from us? We can help with all of that and more. If you are keen on loading your own 20 foot or 40 foot shipping container, we can help you make sure that everything is sturdy and ideally packed so that during transport, you will not incur any damages with the shipping vessels sway over the waves.

When we mean we will help you ship your private vehicles and belongings via shipping container, we really mean it. Did you know that you can pack and ship so many of your personal cargo and goods in a shipping container? If you didn’t, check out the blog article Container Shipping Overseas with Transco Cargo on our website.

With affordable shipping rates from Australia to the rest of the world, we can help ship your private vehicles and belongings with ease. In a 40ft shipping container on Full Container Load (FCL) basis, you can include the likes of 28 shipping boxes, kitchen appliances (such as a fridge, stove, dishwasher, microwave oven, kitchen cupboards), bedroom sets (such as beds, cupboards, lighting fixtures), living and lounge sets (such as sofa set, dining set, TV and recliner), and miscellaneous items such as a car, motorcycle, and bicycles.  With a 20ft shipping container on Full Container Load (FCL) basis, you can include the likes of 16 shipping boxes, kitchen appliances (such as a fridge, stove, dishwasher, microwave oven, kitchen cupboards), bedroom sets (such as beds, cupboards, lighting fixtures), living and lounge sets (such as sofa set, dining set, TV and recliner), and miscellaneous items such as a motorcycle, and bicycles.

Thus if you are looking to ship your private vehicles and belongings via shipping container with Transco Cargo, we recommend you opt for a 40ft shipping container on FCL basis to enable you to truly relocate overseas with ease.

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Also known as the Next Generation Digital Supply Chain platform, Supply Chain 4.0 has the potential to truly transform your supply chain management practices. So what is Supply Chain 4.0? Simply put, it’s the amalgamation various practices in order to facilitate a smooth running ship from manufacture to distribution. Automation plays a big role in Supply Chain 4.0, including the role of robotics, use of analytics for means of improving performance and customer satisfaction.

This new trend in supply chain is the inevitable, that is the culmination of what the logistics industry has been undergoing in the last three decades.  It started off with operational functionalist which them progressed to the need for supply of production lines and delivery, and thereafter  to what became an independent supply chain management function. The focus of SCM functions have shifted  more onto the use of advanced planning and analytics processes along with operational logistics being outsourced to logistics service providers rather than having them in-house to reach higher economies of scale.

What Supply Chain 4.0 within the industry means, is that it demands that you restructure your organisation processes to factor in the new means of bettering the supply chain processes and bringing gaps between customers and suppliers.  Other factors that have led to this progression include the likes of customer expectation and also global mega trends. Customer expectations are ever flighty with on-demand gratification is the expectation and not to mention service level on par with it. Furthermore, global pressures to reduce carbon footprints and to keep socioeconomic factors in mind also factors into the need for Supply Chain 4.0.

In essence, the following image by McKinsey looks at the various factors that revolve around Supply Chain 4.0.

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If you are looking to send a Motorbike to a loved one to Sri Lanka, then you are in luck as the Sri Lanka Customs authority has included the likes of a motor cycle, auto cycle or scooter that is no more than 3500CC classified as a passenger baggage item which means that you can send a motorbike as personal effects category through Transco Cargo.

However, a motorbike is not the only thing that has been added to the List of Permissible and Restricted Articles list.  There are more additions which include the likes of the below, which can be sent along with your personal cargo when you send a motorbike as personal effects to Sri Lanka.

SRI LANKA CUSTOMS
Permissible Articles/Goods Quantities
Alarm Clock 2
Artificial Flowers 12
Baby Carriages 2
Bathing Suits/Trunks 6
Bathroom Set – (With Accessories) 1
Bed Room Set

(One Wardrobe, One Dressing Table And One Bed)

1
Bed Sheets 6
Bed Spreads 6
Beds With Or Without Mattresses 3
Beer 2L
Belts 6
Bicycles Not Motorized 2
Blades (For Shaving) Whether In Packets , Set Or Loose 30
Blankets 4
Bluray Disk 6
Bluetooth Speaker 1
Brassier 6
Brief Cases 2
Carpets 2
Cassette Tapes 6
CCTV System

(8 Channel DVR/NVR With Eight Camera

1
CDs/DVDs 24
Chairs Other Than Dining Chairs 12
Chandeliers 2
Computer Desktop 1
Computer Diskette 6 Boxes
Printer 1
Cooker Hood 1
Confectionery 5kg
Cordless Telephone 1
Corsets 4
Dining Chairs 8
Dining Tables 1
Domestic Weighting Scale 2
Drawing Room Suite (Not Exceeding 8 Pieces) 1
Duppattas 6
Electric Bell 2
Electric Fans 3
Electric Hand Dryer 2
Electric Iron 1
Electric Lamps /Wall 6
Electric Organ 1
Electric Shavers 2
Electric Table Lamp 2
Electric Toaster 1
Empty Receptacles For Packing Baggage’s Eg. Trunk, Suitcase, Etc (Except Camphorwood Chests) 2
Exercise Machine (One Unit Of Each Category) 2
Fax Machine 1
Floor Polisher 1
Food Mixer With Attachments Such As Blender, Grinder, Juice, Extractor, Liquidizer Etc. 1
Food Stuff

(Assorted Each Variety Not More Than 5kg )

50kg
Fountain/Ball Point Pens 12
Garments (Each Variety Not Exceeding Six Pieces) 36pcs
Gas Cooker

(05 Gas Burner With One Electric Burner)

1
Glassware Assorted 24pcs
Hair Dryers 2
Hats & Caps 6
Hot Water Geyser 1
Imitation Jewellery

(Each Variety Not Exceeding Three Pieces )

24
Instant Water Heater With / Without Pump 1
Ironing Board 1
Key Tags 12
Kitchen Utensils And Equipment As Listed Below
–        Kettles 2
–        Rice Cookers 2
–        Saucepans 6
–        Frying Pans 3
–        Pressure Cookers 2
–        Cooking Pans 6
–        Hot Plates 2
–        Egg Beater 2
–        One Set Of Kitchen Cutlery (Six Of Each Verity) 1
–        Bread Bin 1
–        Containers For Condiments, Etc. 6
–        Can–Opener (Electrically Operated Or Manual) 1
–        Vegetable Stand 1
–        Kitchen Sink 1
–        Domestic Water Filter 1
–        Water Dispenser / Water Purification 1
Electric Scooter

( Not More Than 2kw )

1
Lace Strips 24m
Ladder 1
Ladies Hand Bags 4
Lap Top Computer 1
Lawn Mover Domestic Type 1
Lead Pencils 12
Microwave Oven 1
Mobile Phone 2
Motorcycle/Auto cycle/Scooter Not More Than 350CC 1
Movie Projector 35mm /Multimedia Projector
Music System

(Home Theater, Amplifier, One Equalizer, One Built – In – Radio , One Record Player, One Cassette Recorder And One CD/DVD/Bluray Player)

1
Musical Instruments

(One Of Each Variety, Other Than Piano & Electric Organ )

4
Non Electronic Shaving Sets 2
Paints 30L
Pair Of Shoes 4
Pantry Cupboard 1
Pen/ Flash Drive 6
Perfumed Spirits 1/4L
Photo Albums 6
Photocopy Machine

(Black & White Or Single Colour)

1
Piano 1
Pictures 6
Pocket Calculators 3
Pocket Radios 2
Portable Battery Operated Lamps 2
Portable Generator 1
Radio Cassette Recorder 1
Refrigerator New/Used

(Not More Then 500L and CFC Free)-

1
Room Heaters 2
Rugs 4
Saree Boarders 24m
Sewing Machine 1
Shawls 6
Slippers 4
Shoes 12
Solar Water Heater System – 150 Ltr 1
Solar Panel 8pcs (Each 200w )

Set (With / Without Inverter Of Capacity Not More Then 2kw)

1
Sound Bar 1
Sports Goods

Four Pieces Of Each Variety Not Exceeding A Total Of 12 Pieces

12
Still Camera / Digital Camera 1
Socks Or Stocking 6
Sofa Set (Up To 04) 1
Table Cloths 6
Tablet PC 2
Tea Set 1
Tea Trolley 1
Telephone Set 1
Ties 6
Tiles 1500sqft
Toilet Water 1/2L
Toiletries 1
Tools 1
Towels 6
TV CRT (Not More Than 29”) Or

TV LCD/LED/Plasma (Not More Than 55)

1
Typewriter 1
Umbrella 4
Vacuum Flasks Or Jugs 2
Vacuum Cleaner 1
Video Camera 1
Video Player/Recorder (UHF/DVD/Bluray) 1
Video Tapes 6pcs
Waffle Iron 1
Walkman Sets 2
Wall Clocks 4
Wall Hangings 4
Wallets 6
Washing Machine

(Dry Linen Capacity Not Exceeding 10kg)

1
Washing Powder 10kg
Water Cooler 1
Water Pump

(Inlet And Outlet Internal Diameter Not Exceeding 1”)

1
Wheel Chair – Motorised Or Not 1
Wigs 4
Wrist Watches 4

 

Any Item Not Listed Above Shall Be Permitted At The Discretion Of The “Director General” of Sri Lanka Customs

The following includes the restricted articles which cannot be sent as personal baggage or effects.

Restricted Articles
Air Conditioner
Deep Freezer
Dish Washer
Electric Oven (Four Burners)
Refrigerator New/Used Cfc Free (Over 500ltr)
T.V. CRT (Over 29”)
T.V. LCD /LED/Plasma (Over 55”)

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The progression of supply chain and logistics in global trade is ever evolving and thus, it is important to say on top of the supply chain trends that keep evolving, especially those that would affect your business model.

Smart Warehouses

The norm of warehouses is that at least 10% of the market deals with pallet shipping and of course pallets, whereas nearly 70% also facilitate small shipments, complete loads, split shipments and groupage services.  However, with added labours costs and developments in channels and not to mention the growth in access and automate solutions, the means of which distributions centres and supply chain trends are developing and evolving too.

The need for better warehouse management systems are being requested so that the smooth running of manual and automated processes can co-exist efficiently. Having said that, with these supply chain trends, you can expect that warehousing management will be more complex as freight forwarders in Australia and the world will be expected to do their part for the partnered customers.

Distribution Nodes/Redistribution Centres

One of the most anticipated supply chain trends, it is highly applicable to those in the ecommerce trade whereby smaller storage or distribution centres will move closer to such business to make use of economies of scale, faster service levels, lower pricing models, and not to mention improved tracking. Online shopping drives the need for ecommerce logistics and improved strategies and models.

BlockChain

Having said that, contact logistics can at times be tricky waters to navigate often with banks and lawyers becoming involved due to issues with payments.

There are also concerns with traceability which will need to be improved on. Especially in the case of returns/defects. Furthermore, there is a great need for direct communication between suppliers, retailers, and customers in order to reduce issues. The answer to this may well be BlockChain Supply Management as the solution provider to aid in multiple aspects of Supply Chain Management.  With these supply chain trends in light, you are able to make necessary changes to your processes to adapt and evolve with global trade evolution.

 

 

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A lot of business that trade in goods internationally make it a point to take on marine cargo insurance coverage because it safeguards their bottom line against losses for whichever reason (which we will talk about a little later in the blog).  If you are planning on freighting goods overseas via ocean cargo during seasons in which hurricanes or storms are likely to hit, extra protection for your goods can come in handy to ensure that your business is safeguarded. However, it is a more different approach when it comes to personal effects and sentimental goods. Let’s find out what you should be prepared for and why you should request marine cargo insurance coverage when freighting goods overseas.

Pathways of Tropical Storms | Marine Cargo Insurance Coverage

 

Knowing that your goods are being shipped via vessels over the ocean, you need to take that into that in the event that the vessel hits rough seas or unfavorable weather, the packed goods within the containers, be it in shipping boxes or shipping crates, may end up getting “jostled” or may move around within. Due to this factor, all cargo within said shipping crate or shipping boxes needs to have been packed properly. This is essentially the first preventive measure or line of defense that you can take before you request marine cargo insurance coverage.

By protecting your goods from the get-go, these are easy and cost effective ways in which you can safeguard your personal possessions or commercial goods. A freight forwarder clearly states their standard trading conditions, and a customer should take due precaution to read these as they state what they are liable and responsible for, and what the customer needs to undertake. The Transco Cargo Trading Conditions clearly state the terms, including the adequacy of packing, ensuring that proper branding is included pertaining to contents within, as well as what the freight forwarders liability entails. By understanding these terms, you are able to request marine cargo insurance coverage against risks that you may be open to.

Thus, once you know exactly what your freight forwarder is offering you and what comes under a customer’s liability, you are able to partner up with a shipping insurance provider to get yourself marine cargo insurance coverage. All Risks Coverage is one that shippers can benefit from, which include protection against the likelihood of damages or losses due to a number of factors. The included aspects under All Risks Coverage are damages due to improper packaging, infestation, cargo abandonment, customs rejection, employee and dishonesty. Speak to our representatives to have you get in touch with our partner shipping insurance providers to request marine cargo insurance coverage for your next cargo shipment.

 

 

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