INTTRA has released the results of a customer survey whose 410 respondents overwhelmingly expressed concerns about the readiness of the ocean shipping industry and their own companies and customers for the implementation of Safety of Life at Sea (SOLAS) verified gross mass (VGM) regulations. The regulations stipulate that containers cannot be loaded onto ships until their weight has been verified and certified.
Only 30% of respondents said they expected that their company and/or their customers will be prepared for compliance when the regulations are implemented in July 2016; 48% said they “have their doubts,” and 10% said no. Two-thirds of respondents, or 66%, said they expected either a moderate or major disruption in the industry. Respondents foresee the most disruption in Asia-Pacific (42%), followed by Africa (22%).
INTTRA, the world’s largest multi-carrier e-commerce network for ocean shipping, has launched the eVGM Initiative to facilitate a smooth, collaborative transition to industry-wide VGM compliance through digital means.
“Some have said that SOLAS VGM could be to the ocean shipping industry what Y2K was to the broader business world,” said Inna Kuznetsova, president of INTTRA Marketplace.