A trade lane (or trade route) refers to a specific pathway along which goods are transported between two or more locations, typically across international borders. Trade lanes are established based on the flow of goods and the economic relationships between countries or regions. They encompass both maritime and air routes and play a crucial role in global supply chains by facilitating the movement of goods and fostering international trade.
Transit time refers to the duration it takes for goods or shipments to travel from their origin to their destination. It is a crucial metric in supply chain and logistics management, as it directly impacts delivery schedules, inventory levels, and customer satisfaction. Transit time encompasses the entire journey of a shipment, including transportation, handling, and processing at various checkpoints along the route.
Transloading refers to the process of transferring goods or cargo from one mode of transportation to another, typically from one type of truck or railcar to another, or from rail to truck and vice versa. This logistical practice is often employed to optimize transportation routes, reduce costs, and improve overall efficiency in supply chain operations.
A Transportation Management System (TMS) is a specialized software solution designed to streamline and optimize transportation and logistics operations within supply chains. It provides functionalities to effectively manage and control the movement of goods from origin to destination.
Transportation lead time refers to the duration it takes for goods to be transported from the point of origin to the final destination. It encompasses the time required for transportation activities, including loading, transit, and unloading, across various modes of transport such as road, rail, air, or sea.
A transshipment is the process of transferring goods from one transportation vehicle or vessel to another during their journey from origin to destination. It typically occurs at intermediary points along the supply chain route, where cargo is transferred between different modes of transportation, carriers or vessels.
Twenty-foot Equivalent Unit (TEU) is a standard unit of measurement used in the shipping industry to quantify the cargo-carrying capacity of container vessels. It represents the volume of a standard twenty-foot-long shipping container.
An Ultra Large Container Vessel (ULCV) is a massive container ship used on major trade routes, capable of carrying over 14,000 TEUs.
Vendor Managed Inventory (VMI) is a supply chain management strategy where the supplier or vendor takes responsibility for managing the inventory levels of their products at the customer's or retailer's location. In this arrangement, the vendor monitors the inventory levels based on agreed-upon criteria such as sales data or inventory levels, and initiates replenishment as needed.
Verified Gross Mass (VGM) is a term used in the shipping industry to refer to the total weight of a packed container, including its contents and packaging materials. It is a crucial requirement mandated by the International Maritime Organization (IMO) under the Safety of Life at Sea (SOLAS) convention to enhance safety in maritime transportation.
A floating structure with its own mode of propulsion designed for the transport of cargo and/or passengers. In the Industry Blueprint 1.0 "Vessel" is used synonymously with "Container vessel", hence a vessel with the primary function of transporting containers.
A vessel sharing agreement (VSA) is a cooperative arrangement between shipping companies that allows them to share space and resources on vessels for specific routes.
Vessel bunching refers to the situation where multiple vessels arrive at a port simultaneously or within a short period, leading to congestion and delays. This clustering of vessels can overwhelm port facilities, causing extended wait times for berthing, loading, and unloading operations.
A vessel call sign is a unique identifier assigned to a ship for radio communication purposes. It is used to distinguish the vessel from others in maritime communication systems, including VHF radios and satellite communications.
A vessel omission (sometimes called a port omission) occurs when a scheduled vessel does not call at a planned port during its voyage. This disruption means that the vessel skips the port entirely, which can impact the transportation and delivery schedules of goods.
In cargo shipping, vessel rotation is the planned sequence of port calls that a shipping vessel follows on its route to optimize cargo loading and unloading operations.
The timetable of departure and arrival times for each port call on the rotation of the vessel in question.
A journey by sea from one port or country to another one or, in case of a round trip, to the same port.
Warehouse utilization is a logistics metric that refers to the effective use of available warehouse space for storing goods and inventory.
Order for specific transportation work carried out by a third party provider on behalf of the issuing party.
Logistics yard management refers to the process of overseeing and controlling the movement of trucks, trailers, containers, and other vehicles within a yard or distribution center. This includes tasks such as scheduling, tracking, and coordinating the arrival, departure, and storage of these vehicles.
The Five Biggest Scandinavian Container Ports
Scandinavia's ports play an essential role in European trade, acting as key nodes for goods moving to and from the region.
1. Port of Gothenburg (SEGOT)
Scandinavia's largest port, the Port of Gothenburg is a vital gateway for Swedish industries, facilitating trade with international markets.
- Location: The Port of Gothenburg is situated on the west coast of Sweden, in the Kattegat sea area, which connects to the North Sea. It is located in the city of Gothenburg, the second-largest city in Sweden.
- Annual Container Throughput: 914,000 TEU in 2023 (The Loadstar).
- Annual Bulk Cargo Volume: 439,000 tons in 2023 (The Loadstar).
- Key Commodities: Vehicles, machinery, forest products (cardboard and paper pulp).
2. Port of Aarhus (DKAAR)
Denmark’s largest port, the Port of Aarhus, is a crucial link to global trade routes, supporting the country's import and export activities.
- Location: The Port of Aarhus is located on the eastern coast of the Jutland peninsula in Denmark, facing the Kattegat sea. Aarhus is Denmark’s second-largest city and an important industrial hub.
- Annual Container Throughput: 673,781 TEU in 2023 (Maritime Executive)
- Annual Bulk Cargo Volume: 10.1 million tons in 2023, including containerized goods (Port of Aarhus).
- Key Commodities: Agricultural products, food, machinery.
3. Port of Oslo (NOOSL)
Central to Norway’s export economy, the Port of Oslo plays a significant role, especially for seafood and forest products heading to global markets.
- Location: The Port of Oslo is positioned on the southeastern coast of Norway, along the Oslofjord, which opens into the Skagerrak strait and connects to the North Sea. Oslo is the capital and largest city of Norway.
- Annual Container Throughput: 299,000 TEU in 2022 (Oslo Havn).
- Annual Bulk Cargo Volume: 1.7 million tons of dry bulk and 1.8 million tones of liquid bulk in 2022 (Oslo Havn).
- Key Commodities: Seafood, chemicals, machinery.
4. Port of Helsinki (FIHEL)
The Port of Helsinki is a critical hub for trade with Russia and the Baltic states, renowned for its efficient container handling operations.
- Location: Located in southern Finland, on the shore of the Gulf of Finland, the Port of Helsinki connects directly to the Baltic Sea. Helsinki is the capital city and a central point for Finland’s maritime trade.
- Annual Container Throughput: 451,000 TEU in 2023 (Port of Helsinki).
- Annual Bulk Cargo Volume: 13.9 million tons in 2023 (Port of Helsinki).
- Key Commodities: Electronics, paper, timber.
5. Port of Bergen (NOBGN)
One of Norway's key ports for petroleum and seafood exports, the Port of Bergen is critical for the nation's energy and food supply chains.
- Location: The Port of Bergen is located on Norway’s southwestern coast, by the North Sea. It lies within the city of Bergen, a major maritime and energy industry hub.
- Annual Container Throughput: 33,278 TEU in 2023 (Bergen Havn).
- Annual Bulk Cargo Volume: 68 million tons total cargo volumes in 2023, including containerized goods (Bergen Havn).
- Key Commodities: Oil, gas, seafood.