Amazon’s ocean freight logistics division, AMZD, has entered the top 10 NVOCC list.
NEW YORK : Amazon.com, America’s top e-commerce company, is rapidly but quietly reshaping tradeflows on the transpacific, becoming a discreet top 10 non-vessel-operating common carrier (NVOCC) over the past year and putting the business models of traditional freight forwarders on edge as a hybrid between a logistics provider and a cargo owner.
Not content with disrupting the high street, Amazon is displacing the traditional role of freight forwarders and others involved in international logistics with Splash Extra charting today how the e-commerce giant is now firmly among the top 10 non-vessel-operating common carriers (NVOCCs) on the transpacific.
Amazon.com has about 50,000 feu of import buying power on its own, according to Steve Ferreira, CEO of New York-headquartered Ocean Audit. Amazon’s logistics division, which has its own standard carrier alpha code AMZD, has another 50,000 feu of leverage towards a consolidated service contract.
“With the likes of Amazon you have players who are not only in the forwarding space but also have a direct hand in the value of the cargo itself as well as the end-consumer which can be leveraged. I have for years been naming Amazon as a large strategic competitive threat to the forwarders,” commented Lars Jensen, CEO of the recently rebranded container consultancy Vespucci Maritime.
Elsewhere in the monthly subscription title, Splash Extra assesses the future of carbon credits for shipping, while there’s regular markets commentary on the main sectors plus a strong focus on the soaring volume of secondhand vessels deals being concluded at the moment.
Priced for as little as $200 a year, Splash Extra serves as a concise monthly snapshot, ensuring readers are on top of where the shipping markets are headed.
Source : Splash247.com