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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.
In this article, we take a closer look at maritime competition in Asia by examining the maritime picture for 2021-2024, using indicators such as maritime connectivity, port throughput, and container fleet size. As expected, this analysis reveals why China stands out as the most powerful maritime nation by a significant margin.
The highest reported here, by Sea-Intelligence MaritimeAnalysis, is Maersk at 46%. Ocean carriers are running a business in which their reliability of completing voyages planned in advance ranges around 30% to 40%. How can you run a business with … Continue reading →
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.
The maritime transportation industry is undergoing significant transformation, driven by the increasing need for cost reduction, enhanced operational efficiency, and growing competition within the global supply chain. In response to these pressures, major shipping companies are increasingly forming strategic alliances. million TEUs.
West Coast port terminal operators and shipping companies represented by the Pacific Maritime Association (PMA) and the dockworkers represented by the International Longshore and Warehouse Union (ILWU). ” Contract negotiations play a pivotal role in shaping the dynamics of various industries, and the maritime sector is no exception.
The master labor contract between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) is set to expire on September 30th. According to the paper “West Coast Longshoreman Strike Synopsis—The Bad, the Ugly, and the Uglier” published by The Maritime Law Association of the U.S.,
In recent decades, women have made more progress than ever to challenge the status-quo in the maritime industry. First granted formal consultative status with the International Maritime Organization (IMO) in 2018, WISTA uses its unique role to promote diversity, inclusion, and women’s empowerment in the area of maritime shipping.
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. The shipping ecosystem is ever-changing.
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
Strategic Geographical Location Turkey’s geographical location, surrounded by seas on three sides, and its strong maritime infrastructure positions it as a strategic gateway for trade. The post Turkish Carpet Exports: A Quick Analysis appeared first on More Than Shipping.
government, through the Federal Maritime Commission, has designated a Chinese government-affiliated shipping carrier as a controlled carrier. In its latest update on February 27th, the Federal Maritime Commission published an update to its Controlled Carrier List.
The average spot rates and contract rates are continuing to rise according to Alan Murphy of Sea-Intelligence MaritimeAnalysis. Daniel Richards of Maritime Strategies International argues that the containership charter market is effectively ‘sold out’ across vessel sizes. The statistics are startling.
The Indian government is moving forward with plans to launch a new container shipping line named Bharat Container Line, signaling a significant development in the nation’s maritime strategy. According to the reports, the new liner operator intends to acquire a fleet of approximately 100 container ships, including charter ships.
chemical export markets, respectively, per Paul Bartlett’s findings from Seatrade Maritime News. The post An Overview of the Resin Market and Long-Term Analysis appeared first on More Than Shipping. Those declines were partially offset, however, by double-digit percentage increases in exports to Belgium (11.6
The post Analysis: Today’s Global Economy vs. Global Container Shipping appeared first on More Than Shipping. While the industry faces immediate challenges, it also presents an opportunity for innovation and adaptation to ensure a more resilient and sustainable future for container shipping in a post-pandemic world.
A significant portion of the countrys foreign trade depends on maritime routes, with Alsancak Port being one of the busiest in the Aegean region, handling approximately 169,000 TEUs annually. If a strike similar to the one in the U.S. were to occur at Alsancak Port, the consequences for Turkeys economy would be severe.
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.
The post Analysis: Are Shipping Companies Further Flaring Up Inflation? Experts do not foresee any decrease in freight rates for the short term, so does that mean we will face higher inflation in the future? The only thing that we are sure of is that Covid has radically changed transportation mechanics just how it has changed everything else.
The post Analysis: Why the Biden Administration is Not Being Honest About Supply Chain Issues appeared first on More Than Shipping. Additionally, it is unlikely the U.S. will be in a position to avoid a similar debacle in the future.
The post Navigating the Challenge: The Analysis of Reduced Water Levels in Panama Canal appeared first on More Than Shipping. Collaboration between nations and a commitment to sustainable practices are key elements in this endeavor.
The post Analysis: Should You Redirect Your Cargo and If So, Where? So no matter how farfetched it may seem, the solution might be that farfetched option that you are presented with. As always, we at MTS Logistics are here for you with all your endeavors, standing by to provide more than you expect. appeared first on More Than Shipping.
The post Analysis: Why Shipping Rates Have Spiked and When Might Rates Come Down appeared first on More Than Shipping. Shipping industry insiders say these rates could last for many months more. Perhaps the world shipment industry will be settling down in 2023.
A game-changing infrastructure project in the world of maritime transportation, the Stad Ship Tunnel is a planned canal and tunnel that will bypass the Stad peninsula in Stad Municipality, Vestland County, Norway. Once completed, the tunnel will provide a safe and efficient passage for the maritime industry.
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. We are cautiously positive that the situation will be better than last quarter of 2024.
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. Port congestion causes numerous ships to be delayed near ports and results in time losses, additional expenses, and disruptions in the supply chain.
In late-January, Maritime Executive and other media outlets said that new analysis by Container xChange reveals a “positive trend in availability,” and that the container leasing platform was expecting Chinese New Year to be a turning point in the persistent container shortage. for standard 20-foot containers and 0.38 An index of 0.5
Beijing’s global maritime operations double as intelligence-gathering outposts. I was not aware that Chinese interests have installed operating software at quite a few ports around the world. Coupled with the Chinese Government’s mandate to share all information with the Chinese … Continue reading →
Speaking at a maritime/defense industry event, Senator Mark Kelly (D-Arizona), said that revitalizing the commercial maritime industry is going to be key in 21st-century efforts to counter China in the world’s oceans. ” So, what will Senator Kelly propose exactly to revitalize the commercial maritime industry?
Port Operating Area The Port Operating Area is the primary zone where port activities will take place, encompassing docks, breakwaters, maritime entrance channels, bulk and roll-on/roll-off container storage areas, maintenance zones, and workshops.
Due to recent market conditions, maritime carriers have struggled with schedule reliability and on-time performance. According to a Sea-Intelligence MaritimeAnalysis report, global schedule reliability dropped to a dismal 32%. Nearly the whole country of China shuts down for this seven-day public holiday. In the U.S.,
Of course, like the Baltimore bridge collapse two months ago, this latest collision involving a shipping vessel brings the topic of maritime safety and infrastructure to the forefront as 2024 progresses. The post Chaos on the Don River: Russian Cargo Ship Smashes Vital Crimean Rail Bridge appeared first on More Than Shipping.
The maritime shipping industry has seen the many ups and downs of positive and negative developments since Covid first emerged over two years ago. As recently reported by the Maritime Executive, one large furnishings company is seeing the results of a potential slowdown in real-time.
There’s been a big focus on climate change and its effects on the maritime shipping sector for good reason: we see the effects of climate change everywhere. The Global Maritime Trends 2050 Report was recently released, painting a dire picture for the future of global leading ports.
The maritime shipping industry seeks to reduce carbon dioxide emissions to comply with the International Maritime Organization (IMO)’s 2050 regulation. The maritime shipping industry would like to focus on greener ammonia production. As of today, the shipping industry is still looking for other new alternatives to diesel.
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. Around 80% of global trade by volume is carried by the ocean. The shipping sector produces 2-3% of global CO2 emissions.
I can’t export maritime incident data from the US Coast Guard (which could use some tech) but based on this report there were 18 bridge allisions in the United States between 1960 and 2015. But rather than focusing on the tragedy, I’d prefer to look at the silver lining.
China’s maritime prowess is undeniable as it surpasses the 200 million TEU mark in container throughput from January to August 2023, representing a robust 4.8% The Port of Shanghai, the world’s largest and busiest container port, is at the forefront of the maritime charge, processing a remarkable 32 million TEUs.
This system has modernized the maritime inventory system. Besides maritime transport, the tracking system is also used for air, rail, and road transportation. This would centralize the maritime sector far more effectively and optimally without sacrificing global security or safety. Overall, given that the U.S.
Alan Ladd, a marine engineer, found the International Maritime Organization’s efforts to lower sulfur output are not quite what they seemed at face value. While there have been concerted efforts to decorticate the pollutants that are in the air, there has been little done to impact the pollution of the water. The Tradeoff. The Change.
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. Since the beginning of the pandemic, port delays have a notable surge, affecting global supply chains.
The once-tranquil seas are undergoing noticeable transformations, with the impacts of rising temperatures affecting maritime operations. This imminent danger hits the core of maritime operations, namely the ports. In a world confronting the unyielding advance of global warming, the ocean shipping sector stands at a critical juncture.
The Red Sea is a critical maritime route for global trade, serving as a key passage for oil shipments and other commodities. and other countries aims to enhance maritime security and deter further attacks. Serious concerns about the safety and security of vessels navigating this vital waterway continue to rise.
Now, it has been announced that over 60 private and public maritime organizations, as well as various governments at the national and regional levels have banded together to make a bold commitment. This year, shipping and the supply chain are playing a prominent role.
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