Shippers and carriers alike are working to reduce the issue of over or under booked vessels caused by flaws in the container booking processes. One idea is to charge a cancelation fee if shippers do not ship the volume committed to on a given booking. Another challenge the industry faces is the need for improved technology and visibility for real time true vessel capacity. Carriers are working to find ways to react faster to the last minute changes that are inevitable in the industry. Additional details are available at: http://www.joc.com/technology/new-ways-reduce-container-booking-no-shows-come-focus_20170727.html
This document is CONFIDENTIAL and contains PROPRIETARY information. It is solely for the use of the recipient. Any further review, disclosure, copying, dissemination, distribution, or use of any of the information contained in this document is strictly prohibited. The recipient shall be liable for damages resulting from any disclosure of this information to any third party. ©2017 Trans American Companies.