Shipping
DHL says tariff extension fuels more transpacific shipping volatility than help
DHL says tariff extension fuels more transpacific shipping volatility than help
Yang Ming adds LNG dual-fuel ships to advance fleet upgrade
Port of Long Beach cargo slows in June
Chinese shipyards’ market share drops amid US port fee concerns
Emirates Courier Express expands to Australia
DP World, Asian Terminals deploy first fleet of electric internal transfer vehicles in the Philippines
Houthis cause 18M tons of added CO2 emissions – Sea Intelligence
DHL Express, Neste ink deal to use made-in-Singapore SAF for international flights
Container traffic up at Port of Antwerp-Bruges, total throughput drops
Port of Los Angeles logs busiest June for cargo on record
DaChan Bay Terminals adds India service, boosts China-India logistics corridor
DP World to develop Syria's Tartus port under 30-year deal
Port of Long Beach terminal expansion breaks ground
Singapore named top international maritime centre for 12th straight year
North Europe port congestion to persist through 2025 – Xeneta
US sets new tariff rates on 14 countries as it moved deadline to August 1
Hamburg invests €1.1B in port infrastructure expansion
Gemini switches up Asia service amid Europe's port congestion
Global schedule reliability climbed in May despite trade disruptions
Asia-NAWC capacity volatility more than triples
Containers lost at sea up more than double in 2024
Hong Kong launches up to HK$2M bunkering incentive for LNG, methanol
Sea-Intel finds top deep-sea ports among least reliable
Port of NY/NJ tops US cargo port rankings in May
Maersk to resume port calls in Haifa
Ningbo-Zhoushan Port sets H1 container record
Mawani privatizes cargo terminals at 8 Saudi Ports
BIMCO: Stable demand outlook despite market uncertainties
Hapag-Lloyd rebrands SAAM Terminals
Port of Savannah achieves third month of over half-million TEUs
CMA CGM names Esra Bora as new general manager in China
Maersk halts port calls at Haifa citing threat risks
First mega-boxship transits the Suez Canal in 15 months
ONE adds 13,900 TEU vessel to fleet
Freightos: Iran-Israel conflict not impacting freight yet
CMA CGM says shipping activities ‘proceeding as normal’ in the Middle East
Sea-Intel: Niche carriers seizing Transpacific opportunity again
Hong Kong marks first SIMOPS LNG bunkering at Modern Terminals
Tariffs put brake on cargo volume growth at Port of Los Angeles
MPA, NYK Group expand autonomous ship trials
PSA International joins Global Centre for Maritime Decarbonisation
Chengdu-Shenzhen-Hong Kong rail-sea service launches
Global schedule reliability continues to increase in 2025
Sea-Intel: Major ocean carriers profitability around US$5.9B in Q1 2024
Gebrüder Weiss expands into Thailand
DP World, VIMC Lines launch domestic coastal logistics service
Singapore, France ink enhanced maritime partnership agreement
CMA CGM launches first fully-electric container barge in Vietnam
MSC container ship sinks off India coast
Port of Savannah container trade up 17% in April
DP World to launch US$2.5B logistics infrastructure investment in 2025
Port of Long Beach sees record April, warns of sharp May drop amid tariff impact
Suez Canal introduces rebates to regain containership traffic
CMA CGM warns extended China-US tariffs could disrupt global trade
U.S. slashes ‘de minimis’ tariff on small China parcels to 30%
LA, Long Beach ports warn of continued tariff uncertainty
China-US deescalation may spur early peak season
Yang Ming: US-China trade deal may spur demand, but uncertainty persists
US-China tariff pause offers temporary relief, could fuel another frontloading rush
Transpacific shipping faces capacity cuts as trade war escalates
Houthi ceasefire raises prospect of container traffic returning to Red Sea
Kale Logistics to develop Oman's national port community system
PSA BDP takes majority stake in Mexico’s ED Forwarding
Xeneta: ‘Ships for America Act’ adds more uncertainty to container shipping market
JAFZA marks 40 years with record US$190B in trade
Seafrigo expands multi-modal services to support global expansion
US port fees to have minimal impact on Transpacific niche carriers
Port fo NY/NJ is busiest US port in March
S&P: Liner shipping contributes US$1.1T to U.S. GDP
deugro Thailand delivers critical reactors for sustainable fuel production
Emirates Shipping Line joins World Shipping Council
Japanese shipyards may benefit from US port fees on Chinese vessels
MOL opens office in Washington, D.C.
Red Sea disruptions push shipping carbon emissions to record high in 2024
Port of LA expects a double-digit volume decline in the second half amid tariffs
DP World sources 65% of its electricity from renewables in 2024
Hapag-Lloyd: 30% of China’s US-bound shipments canceled
ZIM TO OFFER DIGITAL FINANCING SOLUTIONS WITH 40SEAS
June 21, 2023

ZIM Integrated Shipping Services Ltd (ZIM) announced the expansion of its partnership with a cross-border trade financing platform 40Seas, integrating the latter's digital financing solution via ZIM's website as well as Ship4wd's, ZIM's digital freight forwarding subsidiary.

 

The Israeli international cargo shipping company said the expanded collaboration demonstrates ZIM's commitment to transforming traditional shipping practices into the digital era and enhancing customers' choices by providing them with a seamless digital experience to allow them faster and cheaper access to capital to meet their credit needs.

 

This new service will be rolled out gradually, starting in the US, Canada, UK, France, Germany, Italy, Belgium, Netherlands, and Australia, with additional countries added over time.

 

"With 40Seas' flexible digital financing solution integrated into ZIM and Ship4wd, customers will be able to defer payment for freight charges for a maximum period of 90 days from the invoice date, as well as leverage 40Seas credit line to finance cargo, subject to meeting eligibility requirements," ZIM said in the announcement, 

 

"Against a backdrop of macroeconomic volatility and rising capital costs, SMEs engaged in global commerce are struggling to protect cash flow and drive profits," it added.

 

ZIM and 40Seas aim to support SME importers and exporters to bridge this financial gap.

 

'Ship Now, Pay Later' concept

 

 

The 'Ship Now, Pay Later' concept of 40Seas enables exporters to get paid immediately upon shipment while providing importers with deferred payment options allowing them to boost business growth during the sale cycle without tying up available lines of credit. 

 

ZIM participated in 40Seas' US$11 million seed funding round earlier this year and also provided 40Seas with a credit facility of up to US$100 million for expanding its business to exporters and importers. 

 

"We are pleased to expand our partnership with 40Seas, which continues to underscore our commitment to providing the most customer-centric service experience with an embedded solution that will transform the way our global clients access financing while developing additional streams of revenue that complement our core shipping business," said Eli Glickman, ZIM president and CEO.

 

"ZIM and 40Seas are firmly aligned on championing digital innovation in the shipping industry, and together, we look forward to pushing boundaries and eradicating financing-related impediments to global commerce," he added.

 

Eyal Moldovan, 40Seas co-founder and CEO, welcomed the expanded partnership with ZIM.

 

"By combining forces on a trade finance platform like 40Seas, a major carrier like ZIM, and a dynamic digital freight forwarder like Ship4wd, we can make serious headway in the transformation of the global logistics landscape," Moldovan said.

 

"Additionally, ZIM's extensive cross-border trade expertise, strong market position and close ties with ecosystem players will be invaluable as we accelerate our global expansion," he added.