This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As the world continues to evolve, so too does the maritime shipping industry. Technology is revolutionizing the maritime shipping sector rapidly. As the maritime industry faces increasing pressure to reduce its environmental impact, technology is playing a pivotal role in shaping its future.
Lauren is a seasoned maritime attorney and the founder of Squall Strategies , a boutique maritime consulting and legal solutions company and offers a wide range of consulting services to serve a variety of businesses and clients. Beagen is a seasoned maritime attorney and the founder of Squall Strategies, LLC.
Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk.
Enterprise shippers have always been an integral part of the maritime shipping industry and its partnership with truck fleet management. And likewise, maritime transportation has been a dominant player in global transportation for decades. Take a look at 8 shipping challenges in the maritime, or ocean, mode.
According to a recent assessment, if China follows through on its threats to invade Taiwan, the maritime industry should prepare for a major crisis that would increase operational expenses, result in the loss of ships, and cause delays. According to the analysis, the U.S. The analysis quotes figures demonstrating that $3.4
We experience such diverse supply chain disruptions that tracking the data on U.S. inventories and consumer behavior, and reconciling them with maritime supply/demand dynamics is getting harder each day. The post Global Logistics Market Analysis: 2022 Summer Edition appeared first on More Than Shipping.
This data reflects not only the adaptability of the Turkish carpet sector but also its ability to recover and regain momentum in the ever-evolving global market. The post Turkish Carpet Exports: A Quick Analysis appeared first on More Than Shipping. Iraq, the United Kingdom, and Germany.
H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. Global retailers use data to understand lead time Successful supply chain operation at any stage hangs on the ability to stay on top of shipping and transport logistics. Request a SONAR Demo.
Right now, over just the past two weeks, a lot is happening in the world of maritime shipping. The post A Busy Summer at Sea: Lots of Maritime Shipping News Over the Past Week appeared first on More Than Shipping. Here is a round-up of what you need to know. Last year, there were issues with a ship carrying cars and trucks to the U.S.
According to Maritime Executive , “Eight international carriers split into three different alliances control 80% of the market today. And that’s why it’s important for carriers to apply data and enable predictive freight rating through these five requirements. Now, the industry is changing yet again. Download the White Paper.
Despite all these issues, cargo handled has rose a whopping 22% in the period of December 2021/January 2022/February 2022 compared to the December 2020/January 2021/February 2021 period according to data from the Port of Houston. The post Analysis: Should You Redirect Your Cargo and If So, Where?
So, going into 2025, I would like to focus on current congestion data, global trends and what U.S. So, planning in advance, choosing the right partners that present options, doing an actual cost analysis, and keeping customers educated will be the key to overcome the challenges faced in 2025.
More Resources Home The Red Pill: The (Slow Yet Steady) Revolution in Global Freight Digitization Eytan Buchman April 15, 2024 Dive deeper into freight data that matters Learn More The March 26th Francis Scott Key Bridge allision feels shocking. He’s obsessed with marketing, data storytelling (it’s a thing!)
(MOL), and Nippon Yusen Kabushiki Kaisha (NYK) have begun sharing of operational data acquired from the monitoring system installed in their container ships with their charter, Ocean Network Express Pte. ONE), through the IoS-Open Platform (IoS-OP) promoted by Ship Data Center Ltd.
West Coast ports, a group of five California ports will partner to create a game-changing data-sharing system for seamless shipments. Working together, the alliance of California ports will seek to unify currently siloed data and solve visibility issues, a major reason for supply chain disruptions at U.S. In major news for U.S.
Based on Bloomberg’s data, container capacity shortages and port congestion have caused long-term rates to set in contracts between carriers and shippers to increase by almost 200% from a year ago. The post Analysis: Why Shipping Rates Have Spiked and When Might Rates Come Down appeared first on More Than Shipping.
FreightWaves SONAR is adding to its upstream view of the supply chain with the expansion of its maritime visibility solution. SCA measures maritime container shipping activity by using three primary components: Ocean container spot rates, which cover most of the world’s highest volume lanes. The data comes from Freightos and Drewery.
This issue has revealed the weaknesses of the worlds maritime logistics system and has caused a number of problems for importers, exporters, and shipping companies. This way, stakeholders can share data on vessel schedules and cargo volumes to coordinate the movement of goods and lessen delays and bottlenecks.
The only way organizations can manage large-scale operations and ease the workload of their staff, clients, and vendors is by transmitting most data digitally, implementing a robust digital process. This shift allows staff to perform better with the help of digital solutions, enabling timely responses and data transmission.
The automated manifest system is an electronic system that is used to support cargo data such as departure, arrival, and release information between the actors of shipment when importing to the U.S. This system has modernized the maritime inventory system. bound and transit cargos must submit distinct data items (e.g.
Recent data indicates that 2024 has had the best start for U.S. Source: Descartes Datamyne™ Transit Times The difference between ETA (estimated time of arrival) and ATA (actual time of arrival) serves as a crucial metric for evaluating the efficiency of transit times within the maritime industry. compared to the same month last year.
For example, an analysis carried out by AIR on the potential impact of Hurricane Harvey on regional manufacturing found that, based on percentage of the total potential revenue loss, the top three subsectors are petroleum and coal products manufacturing (37%), chemical manufacturing (13%), and oil and gas extraction (12%).
The International Maritime Organization (IMO) set a target to cut the sector’s carbon emissions by at least 40% by 2030 and 70% by 2050 compared to 2008 levels. Increased usage of technology would help ocean carriers, especially to collect data to analyze how to increase efficiency by searching for alternative sailing positions.
More Resources Home March 27, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. According to Vespucci Maritime, the port handled 1.1
shipzero enables transport and logistics companies to create transparency about their emissions data and manage decarbonization throughout the supply chain. The Hamburg-based data platform has received seven-figure growth funding for further product development and internationalization.
Automatic Identification Systems (AIS) data provides benefits to many types of businesses, from maritime and shipping to commodity trading and investment analysis. While there are several options for AIS tracking data for most applications, here are 6 simple steps to determine the best solution for your needs.
More Resources Home December 6, 2023 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Freightos Air Index data show that China – N.
By Noam Fraenkel, VP Data and Analytics, Freightos. Today, Freightos is giving away statistical analysis of some 300 million international freight market data points, launching the Freightos International Freight Index (FIFI). As the VP of Data and Analytics at Freightos, I find freight data incredibly exciting.
Port congestion poses significant challenges to global supply chains, maritime trade, and overall economic efficiency. AI-Powered Optimization for Port Operations Data-Driven Decision-Making: AI algorithms analyze historical data, real-time information, and external factors to optimize port operations.
The containers are designed to regulate internal conditions, provide real-time GPS tracking, enhance security, and provide condition data that can alert operators to any potential issues with the cargo. time data about the condition, location, and environment directly to operators. Sensor data provides hyper?accurate
Access to reliable, real-time data also reduces the risk of fraudulent cargo insurance claims, leading to tangible cost savings through decreased insurance risks. In summary, these advancements bring cargo security and supply chain resilience into the digital age, actively contributing to a safer maritime industry.
Decarbonisation of the global maritime industry could support the creation of up to four million green jobs by 2050. Based on Green Jobs and Maritime Decarbonisation , new analysis by the Global Maritime Forum and Arup. trillion of infrastructure investment.
Jay Timmons, CEO of the National Association of Manufacturers (NAM), added that “prolonged contract negotiations between the International Longshore and Warehouse Union (ILWU) and West Coast terminal operators represented by the Pacific Maritime Association (PMA) have seriously disrupted supply chain planning efforts by NAM members.”
More Resources Home February 28, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices fell 8% to $2.74/kg.
According to maritimedata firm Linerlytica, global port congestion has hit an 18-month peak, with 60% of ships waiting at anchor situated in Asia. There is an imbalance in container positioning and schedule rotations, creating a domino effect in overall supply chains. By mid-June, vessels with a combined capacity of over 2.4
Despite Hapag-Lloyd’s earnings report from earlier this week, market research firm Xeneta’s latest analysis of the shipping industry indicates freight rates have finally peaked, after skyrocketing throughout the first half of 2022, and will normalize throughout the rest of the year.
According to new reports and an analysis of market research, South Korea saw 16 new vessels ordered with a total of 820,000 tons. When the data is fully analyzed, it appears that South Korea received just under 50% of total shipbuilding orders worldwide in 2022. million tons.
Staying on top of fee analysis requires a dedicated block of time on a regular basis, and many organizations simply can’t do that. Business intelligence: To be efficient and thorough in fee reviews, dataanalysis tools are a must-have. This act granted new authority to the Federal Maritime Commission (FMC).
Roeloffs is the chief executive of Container xChange, and online data resource for the shipping industry. Analysis of recent weeks between late November and early December show that the 14% of sailings across major shipping routes have been canceled. Added pressure on Container Depots is the last thing they need right now.
Losses in Asia rose year-on-year with incidents in South China, Indochina, Indonesia and Philippine maritime regions rising 25% making it the top area worldwide for major shipping incidents in the past decade, leading it to be dubbed the "new Bermuda Triangle.".
The notations include Smart INF (Data INFrastructure for Smart Function implementation) & Smart SHM (Structural Health Monitoring). As technology continues to evolve, smart ships have quickly become a trend in the field of shipbuilding and maritime.
ClipperData, the leading provider of comprehensive data sets, analysis and commentary on global crude and refined product movements, has entered into a long-term agreement to use the BigOceanData (BOD) AIS-based vessel tracking portal. We are proud to be selected as ClipperData’s maritime tracking partner. www.ajot.com.
Maritime Alliance, the group negotiating with for the ports has offered 50% raises over the six-year life of the contract but the union has signaled that it plans on sticking with its initial 77% pay increase over six years.
American based gCaptain provides maritime information to some 600K unique monthly viewers, with a focus on commercial marine and offshore energy. Likely the most well-known trade magazine, it provides data-rich material relevant across the supply chain. Senior Director, Content, at IHS Maritime & Trade. joc_updates.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content