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Lauren is a lawyer and the Founder of Squall Strategies , a boutique maritime consulting and legal solutions company. Brian grew up as a farm kid outside of Buffalo, NY and learned how to work at a young age. Beagen is a seasoned maritime attorney and the founder of Squall Strategies, LLC and The Maritime Professor.
In industries like logistics and maritime trade, where business activities accrue environmental fatigue, implementing sustainability efforts are paramount for averting the climate crisis, and protecting nature and natural resources for the next generations.
The post How to Reduce the Impact of Supply Chain-Related Inflation in Logistics appeared first on More Than Shipping. As the global economy continues to grow, it is essential for shipping companies to adapt to the effects of inflation and find ways such as consolidation and LCL shipping to remain competitive in the market.
In 2024 carriers did learn how to operate better with service changes and blank sailings, and that will somewhat reduce congestion impact this year. 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.
The post How to Reduce Shipping Costs with LCL Shipping in the Post-Pandemic World appeared first on More Than Shipping. Shippers can reduce warehousing and inventory costs by using in-transit time as a means of inventory storage. On the other hand, shippers that use LCL only pay for the space they need.
The post Bill of Lading Types: How to Avoid the Detention and Demurrage Due to Documentation appeared first on More Than Shipping. Knowing and correctly using the bill of lading release types will prevent the parties from printing, courier and unexpected demurrage and detention costs moving forward.
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.
Finance, Amogy’s newest round of funding will be used to solve one of the biggest issues facing making the transition from carbon-based fuels to alternatives: how to make ammonia more cost-effective to compete against traditional fuel sources. Most recently reported by Yahoo!
The International Maritime Organization (IMO) held an environmental summit centered around their campaign Seas at Risk. June’s discussion will also yield clarity around interim target goals for benchmark years like 2030 and 2040, as well as discussions around how to impose a carbon price on ship emissions.
With the closure of ports, negative consequences in maritime shipping are experienced more frequently. How to Prepare Your Supply Chain: 3 Ways to Get Ahead of Winter Weather. In the upcoming season, the most challenging of the global supply chain will be weather conditions.
American based gCaptain provides maritime information to some 600K unique monthly viewers, with a focus on commercial marine and offshore energy. Senior Director, Content, at IHS Maritime & Trade. Dr Seuss metaphor one day, expert analysis on the growth of EDI the next. joc_updates. Shipping Gazette Daily News.
Almost two years ago with knowledge of the problems of the freight industry and some rough ideas of how to solve them, we’ve been able to plot, survey, and develop the systems we’ve now launched. Our long term vision is to be the underlying platform for every logistics transaction – maritime, air, truck, and rail.
Finally, many recent studies show how quickly freight rates may normalize using historical data. Analysis shows that it would take 18-30 months to get back to “normal” rate levels. Based on the data, the normal rate level is at -69% from the current rate levels.
The maritime transport industry is responsible for around 3% of anthropogenic greenhouse gases (GHG) emitted globally, releasing around 1,076 million tons of CO2 into our atmosphere every year. PortXchange has already acted on all three commitments: Preparing an annual footprint analysis. PortXchange Products B.V. ,
We equipped every event participant – young and old – on how to be the change they want to bring to the world, and how to actually perform the steps needed to make a difference. At this year’s Clean Oceans Project event, we held a lecture before we started cleaning.
The Internet of Things (IoT) is a new, real-time digitalized system that enables sensing, data collection, and sharing. This innovative technology is transforming various industries.
Demurrage and detention charges are intensively unpleasant for the customers who use container transportation. On the other hand, these charges are crucial tools for carriers to keep container flow and yard stock. We will examine what are these charges and their purposes.
The end of project report released today by the Decarbonising UK Freight Transport (DUKFT) Network, suggest several ways to overcome the chicken-and-egg problems associated with decarbonising road, rail and maritime freight transport.
From enhanced visibility and streamlined processes to improved efficiency and customer satisfaction, digitalization is revolutionizing how international logistics operate. There have been transformational changes in the way that technology is used in logistics and the supply chain over the past few years.
What is Multimodal Transport? Multimodal transport, also known as combined transport, is a transport system that involves the movement of goods using multiple modes of transport such as trucks, rail, air and ships.
An analysis of 80 Setlog customers and brands from June 22 also shows: Importers of fast-moving consumer goods learned from their misery and now order their desired products on average one week earlier than they did in 2020 and before the coronavirus pandemic, thus reducing delays. For comparison: in 2021 it was 41.6 days, in 2020 around 35.
Logistics is a very important element of our daily life. Many products consumed and used in daily life are transferred from one place to another through logistics. However, as technology developed, logistics also developed. The development of technology is also helping to move consumer products easily between countries.
Expertise of Freight Forwarders Freight forwarders are well-versed in the knowledge of how to handle the customs regulations and documentation for your international shipments. In this article, we define five advantages that will transform the future of freight forwarding.
More importantly, we are learning how to design a technology integration with teams that are handling exceptions. From pricing to documentation, from giant ocean carriers to small size brokers, everyone is pushing for customers to use digital portals, communicate less with their people, and automate as much as they can.
The bigger question is how to prevent something like this from happening again. It is expected that this will also accelerate a shift of cargo away to the U.S. West Coast as the U.S. East Coast that was already dealing with Panama Canal difficulties and the beginning of rumblings of a port strike this fall.
His works commonly include an analysis of global logistics trends, distribution strategies, best practices, logistics outsourcing, integrating systems and more. He’s also an analyst, considering the conflicts and correlations between supply chain organizations and how to improve operations to better serve customers. . Chris Brooks.
Many importers are holding on to figure out how to manage this, which means less cargo, which will affect volumes and consequently will cause rates remain at lower levels (provided that everything else remains the same). The below graph summarizes how tariffs impacted the trade uncertainty in the past.
Bookings for maritime containers have also significantly decreased globally, dropping over 18% between March 30th and April 8th. Industry watchers are trying to determine how much of the present decline is due to more permanent economic factors versus brief, planned pauses in imports as supply chain teams reorganize. The China-U.S.
The higher metal levies would go into effect as part of the Biden administration’s decision on how to adjust tariffs that date from former President Donald Trump’s time in the White House, senior Biden administration officials said. Biden’s move comes as the administration is studying raising tariffs on a range of Chinese exports to the U.S.,
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