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VCY, It is a conceptual approach towards

Resolving a serious problem in shipping industry namely, container inventory imbalance.

Where Is Your Supply Chain Suffering?

Simplify

VCY simply "repositioned" from where they are in excess to where they are in deficit/demand.

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Carbon Emission

VCY proudly supporting United Nations sustainable development goal no 13.

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Repositioning

This empty container reposition (ECR) is a reactive management and rarely provides any learning curve advantage.

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Shortage

As a result, there have been a consistent increase of ECR leading to a disaster.

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How significant this problem is?

The significance and complexity of the issue is evident from empty container movement statistics in Sri Lanka. Therefore researcher suggests that there could be an economic relevance in the research problem.

  • Federal Maritime commission has raised its concern because of the trade and weight imbalance, transpacific carriers need to return substantial numbers of empty containers back to Asia (Federal Maritime Commission 2012).
  • There is a substantial 83% increase in loading and a 7% increase in discharging of empty containers in Sri Lanka between 2004 and 2013.
  • There are indirect or non-financial costs are also involved with the issue.

How VCY concept born?

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The Global Impact

Growth through globalization

72 million

TEU containers globally

56000

Merchant ships

95%

world's cargo moves by ship

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Knowledge First

Visit our blog to learn more about VIrtual Container Yard (VCY) and other related news.

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