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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.
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 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 maritimestrategy. What are the specifics of Indias new plans for transforming the countrys shipping landscape?
The average spot rates and contract rates are continuing to rise according to Alan Murphy of Sea-Intelligence MaritimeAnalysis. Daniel Richards of MaritimeStrategies International argues that the containership charter market is effectively ‘sold out’ across vessel sizes. The statistics are startling.
Although we had seen many bad examples of the piling up strategy, due to lack of direction, these two ports are also now congested. The post Analysis: Should You Redirect Your Cargo and If So, Where? Due to the Port of Houston’s congested status, cargo that was traditionally was moving through Houston has been re-routed to U.S.
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%).
Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If The maritime industry — 90% of world trade travels by sea — is notoriously manual. But those new sourcing strategies must be informed by an accurate data platform that can conduct risk analysis.
Said Maersk Head of Asset Strategy and Strategic Partnerships, Ahmed Hassan. These orders will not add to the overall capacity and over time every vessel coming in will be replacing a scrapped vessel having reached end of life, ensuring that we maintain our fleet size at around 4.3m
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 →
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 past summer, IMO member states adopted a Revised Greenhouse Gas (GHG) strategy with plans to formalize regulations in the near future.
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.
We previously reported that last week, the International Maritime Organization (IMO) was meeting to see if they could agree on updated greenhouse gas emission reduction rules as climate change accelerates. There was urgency to get a deal done, after the U.S. and other major players pushed for stronger progress.
Maritime & Trade Operations relayed a statement from a Company Security Officer confirming damage to the vessel but assuring the safety of its crew, who are proceeding to their next port of call. This strategy aims to counterbalance perceived Western dominance and advance China’s own interests in the region. According to U.S.
The ongoing negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX), might not reach a resolution before the current contract expires tonight, September 30th. We cannot even imagine the consequences if this situation were to continue for a longer period. economy and global trade.
Important Components of Contracts for Ocean Freight The negotiation of rates and prices is a fundamental component of maritime freight contracts. The terms, conditions, and prices for shipping products in ocean freight containers are governed by these contracts.
In the report, it was stated that fluctuating freight markets and interrupted deliveries put global maritime transportation under pressure, and the following statements were made: “Increasing security concerns primarily means higher premiums for the insured. Choosing alternative routes doesn’t really decrease insurance costs much.
How do you build integrated supply chain strategies? It is important to have documented strategies for your supply chain management. A working supply chain strategy should support business goals, maintain a clear focus, be measurable and adjustable, reduce costs, and improve customer satisfaction.
project44’s ongoing post-incident analysis provides the maritime shipping industry stakeholders with a clearer understanding of the incident, providing the analytical tools to create more robust supply chains in the future. ” days (up from 1.09 days in March 2020); Shenzhen — Hamburg, where median delays last month were 9.23
Import freights are significantly higher-paying than exports, so the main carrier strategy is based on imports. Another strategy of ocean carriers is filling the the vessels by “repositioning empty containers.” ” According to a MarketWatch analysis, 46.2%
Climate Change and Extreme Weather Threats to maritime infrastructure and vessel operations could come from rising sea levels and more frequent extreme weather events. It will be necessary to employ adaptation strategies to lessen these effects.
Blank sailings are a strategy used by freight forwarders to redistribute fleets, equipment, and the likes by skipping ports and/or legs of voyages. Analysis of recent weeks between late November and early December show that the 14% of sailings across major shipping routes have been canceled.
As we approach the conclusion of 2023, the maritime shipping industry faces challenges that have impacted ocean carriers with declined profits and increased price-driven competition. Carriers may adopt strategies like slow steaming and blank sailings to manage capacity.
In the wake of the industrial digitalization strategy, key actors have adopted and implemented such solutions that aim to upgrade conventional freight containers with onboard tracking and monitoring capabilities, security devices, and other multiple sensors, eliminating inefficiencies. support tools.
Maritime trade has always had its ups and downs due to product cycles throughout history. Since over 80% of traded goods are moved via the sea (UNCTAD; Review of Maritime Transport 2021), we can confidently say that the entire developed world depends on sea transportation to survive.
Potential stakeholders include donors, regional maritime technology cooperation centres, various decarbonization R&D centres, Global Industry Alliances, financial institutions, and more. The foundation Project will undertake regional and global consultation workshops to design the key elements and framework of the global programme.
The change in leadership reflects a change in strategy for A.P. Much like Amazon, Maersk has developed a strategy to offer end-to-end transportation services rather than its traditional business model of container shipping. Moller-Maersk, who have tapped new leadership in a time of great change. Conclusion.
It’s well-known that the growth and development strategies of countries either develop or complicate the commercial activities of the companies operating in that region. One of the examples of this that positively affects world trade is the National Transport and Logistics Strategy announced by Saudi Arabia about two years ago.
According to a 2020 analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 The global shipping industry heavily relies on accurate and timely documentation, such as the Bill of Lading (BOL), to transport an astounding 11 billion tons of cargo annually. million per event.
According to Maritime Executive , “Eight international carriers split into three different alliances control 80% of the market today. Carriers simply need to know where to send trucks and the proper freight rating or pricing strategies to use. Now, the industry is changing yet again. And those increases are likely to remain forever.
With the closure of ports, negative consequences in maritime shipping are experienced more frequently. Although weather conditions cannot be controlled, it’s imperative that businesses have systems and strategies for tracking potential disruptions and preemptively addressing them. Weather Forecasting.
Uncertainty and volatility: both events caused businesses to reconsider their contingency plans, strategies, and priorities. The Breakdown The shipping industry is complex and subject to many economic and geopolitical factors that can impact supply and demand, and ultimately, shipping rates.
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. ,
As part of this strategy, the Government is partnering with higher-education institutions to develop training programs in emerging technologies and trends such as big data analysis or e-commerce supply chains. Focus on Talent Development. resulting in more seamless supply chains. resulting in more seamless supply chains.
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. jimtompkins.
The move is being pursued as part of the shipping company major’s future growth strategy, which has earmarked $11.3 South Korean shipping company HMM announced that it has signed new shipbuilding contracts for nine 9,000-TEU container ships powered by methanol dual-fuel engines. billion for future investments. million TEUs by 2026.
Torben Bengtsson, Global Head of Air & LCL at Maersk, said this in the company’s press release: “Maersk Air Cargo is an important step of the Maersk Air Freight strategy, as it will allow us to offer customers a truly unique combination of air freight integrated with other transport modes.
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.
Supply chain and logistics operations have become central to differentiated customer experience strategies. Companies that provide a unique experience can draw in and keep more customers, leading to enhanced growth and increased profitability. A superior experience now transcends reliable and consistent delivery services.
This knowledge informs our strategies at Dedola Global Logistics. Comparative Analysis In this section, we’ll take a focused look at the respective roles and functions of carriers and NVOCCs (Non-Vessel Operating Common Carriers), drawing out key distinctions and considerations for shippers navigating their options.
And 52% are looking to consolidate more shipments overall, a strategy for which LCL can play an important role.” Recent market insights found the following: “According to a latest global shipper survey, 75% of shippers who use LCL plan to continue or increase it in 2023. Bridge the gap with market and mode shifts.
Companies must be attentive to cultural nuances in product design, packaging, and overall strategy to avoid economic challenges arising from difficulties in breaking cultural taboos and rules. Cultural Needs and Consumer Behavior Cultural influences significantly shape consumer behavior.
The market approach encompasses the idea of supply and demand forms the foundation of this strategy. Since $1 million ten years later and $1 million now will not reflect the same value, the return in question must be determined by calculating the cash flow into the future or the present. This approach is past-oriented.
This collaboration aligns with our digital roadmap and investments, marking a crucial step in our transformation strategy. Rodolphe Saadé, Chairman and CEO of CMA CGM, said he is excited to accelerate AI adoption across the group’s operations.
In addition, data collection will help with forecasting future operations, uncovering inefficiencies, and developing strategies to have better performance. Embracing technology that creates smart containers will play a vital role in the shipping industry in the following years.
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