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.
Here are five trends that all shippers should be keeping an eye on as they plan their ocean freight movement in 2021: The container shortage is still in full force, but it may be easing somewhat. a shortage of containers,” Container xChange told Maritime Executive. for standard 20-foot containers and 0.38 An index of 0.5
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.
billion in 2022, this trend continued in the first nine months of 2023. 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. While this figure decreased to $2.8
Right now, over just the past two weeks, a lot is happening in the world of maritime shipping. The trend of lower profits has been apparent as of late with a post-Covid return to reality. The post A Busy Summer at Sea: Lots of Maritime Shipping News Over the Past Week appeared first on More Than Shipping. from Europe.
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.
Various factors will continue to influence Supply Chain Management trends in 2023 and beyond. Inflationary trends are affecting the world economy and directly affect supply chain and delivery operations. The post Supply Chain Trends to Watch for 2023 and Beyond appeared first on More Than Shipping.
This was a steady increase from that point on, but pushed even further because of the pandemic, and it does not seem as if this trend will subside. This might be the trend for now but who knows what will happen in the next ten years. The post A Changing Trend in Points of Entry for U.S.
VesselBot, a technology company that brings transparency to Scope 3 transportation emissions, has released the December 2023 edition of its comprehensive report titled ‘Decoding Maritime Emissions – Highs, Lows, and Green Leaders across global ocean routes.’ Key Statistics: 1.
Within the project cargo sector, there is a growing trend in infrastructure development investments that are driving the demand for project cargo services. The trend poses unique challenges in transporting oversized components and has significant implications for overseas EPC projects. All these areas can cut both time and labor costs.
That trend will continue throughout the year. Outside pressure will likely accelerate this trend starting this year. The post Three Trends to Expect for Greener Shipping in 2023 and Beyond appeared first on More Than Shipping.
The post 2022 Shipping Expectations and Trends: An Overview appeared first on More Than Shipping. With increased profits, they will continue to be center of attention not only from within the industry but from general public and this may have greater pressure on the decisions they will be making moving forward.
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 MaritimeTrends 2050 Report was recently released, painting a dire picture for the future of global leading ports.
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. Maritime supply and demand.
The post In Continuing Trend, Panama Canal Sees More Drought-Related Shipping Delays appeared first on More Than Shipping. That limits how deep vessels can be when traveling and limits overall movement/speed/etc. depending on local conditions. However, time will tell.
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.
While there has been a temporary downward trend in import volume due to seasonal impacts, it is expected to rise again in the spring. Source: Descartes Datamyne™ In conclusion, the first quarter of 2024 witnessed both growth and challenges in the maritime industry. compared to the same month last year.
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. In the context of broader geopolitical trends, China views the crisis in the Red Sea as indicative of a decline in the U.S.-led
The International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA) have been unable to come to an agreement on a new contract with the focus being on wages and the role of automation at the ports. Both ports were back to being fully operational on Saturday. The past five months, U.S.
American based gCaptain provides maritime information to some 600K unique monthly viewers, with a focus on commercial marine and offshore energy. UK-based logistics website with exceptional content and unique opinion pieces, often centered around shifting technology trends. Senior Director, Content, at IHS Maritime & Trade.
In 2017 the downward trend of large shipping losses continued, according to a new survey, Allianz Global Corporate & Specialty's (AGCS) Safety & Shipping Review. Globally, the decline in frequency and severity of total losses over the past year continues the positive trend of the past decade.
In order to stay ahead of the curve, you need to know what trends are shaping the future of the supply chain. In this post, we will discuss some of the most important trends that will impact supply chains in the years to come. One of the most important trends that will impact supply chains is the increasing need for transparency.
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. Increased insight into market conditions helps with freight spend management Freight market conditions and trends greatly affect all methods of shipping and transportation. Download the White Paper.
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
First, the International Maritime Organization (IMO) has not yet regulated ammonia or approved it as a fuel source for container ships. Major shippers such as Maersk have taken note of the trend of greener shipping, so the prospect of ammonia looks exciting to them and many other shipping companies.
Although we are unable to accurately predict the future, we are able to pinpoint some potential problems that the shipping industry may experience in the coming years based on current trends and difficulties. These are speculative and subject to change depending on a number of factors.
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. Europe – N. America weekly prices rose 2% to $2.14/kg.
But don’t expect this trend to continue into 2023. However, on Tuesday, the company said again the industry trend will continue to go down well into 2023. After months of decline, German shipping conglomerate Hapag-Lloyd has seen a small uptick in demand in recent weeks. The Current Outlook. “I
The recognition denotes that these vessels are equipped with smart information infrastructure, including big data acquisition and cloud transmission, which enable ship structure endurance monitoring and future structural health awareness through ABS’s customized analysis program to ensure safe sailing.
We at More Than Shipping recently reported on greener, fuel-efficient ships being one of the latest trends in shipping. But, another big trend is mega container ships entering the global shipping world. The trend of megavessels was established as shipping companies underwent several trends between 2016 and the Covid pandemic.
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.
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. But, the trend is there and benefiting from a great workforce, India will certainly be in the top few countries that supply to the U.S.
Rahul Kapoor, vice president of maritime and trade at IHS Markit, said “the orderbook-to-fleet ratio represents a return to ‘normalization’ in the market after ocean carriers starved themselves of new orders during several years of overcapacity. .” Here’s why.
Until the next contract season, which traditionally kicks in April-May, no major upward trend is expected. With the Ocean Shipping Reform Act (OSRA) bill under its belt, the Federal Maritime Commission (FMC)’s involvement on demurrage and detention-related matters will increase and this may push carriers to better manage these matters.
Drawing from industry insights and the pulse of current trends, let’s explore the intricate tapestry of what the remainder of the year and beyond might unfold. Embracing the Digital Wave: The marriage of the digital realm with tangible logistics is not just a fleeting trend—it’s the new norm.
The government of Singapore recently outlined its vision for the country’s future, describing how different sectors could harness technology, innovation and mega-trends in order to take the city-state to the next level. Photo: Sarah Starkweather/Flickr. of Singapore’s GDP and over 8% of jobs. Focus on Talent Development.
The trend of greener shipping One of the sustainable trends being seen is the goal to reduce the carbon footprint of logistics by adapting green practices. The report further noted that this duality will potentially exert pressure on project carrier fleets and the multipurpose vessel (MPV) market.
And this trend is here to stay for the foreseeable future. The supply chain and logistics usually move ahead of trends. This shift in consumer behavior triggered major order cancellations and led to an abundance of space which pushed market rates to some of the lowest in almost 24 months.
” Notable Market Trends in Figures: Far East to the U.S. . “The current mix of global supply chain disruptions and uncertainties is driving these rate increases. The market’s rapid and unexpected spike has caught even the largest ocean freight liner companies off guard.”
In essence, the influence of cultural differences on transportation encompasses communication and language differences, cultural protocols and business habits, customs and export procedures, the dynamic political and legal environment, logistics infrastructure and transportation networks, as well as cultural needs and consumer behavior trends.
So, once the right value to the customers is not given and prices went up in an extraordinary fashion, customers’ perspectives changed, and today we see this trend of commoditization of freight. Customers are told to utilize the “digital tools” which failed and continuing to fail to handle exceptions.
Back in 2019, low water levels in June also affected shipping on the Rhine, and last year, a similar trend was seen, with record-low water levels. Goods that are typically shipped on the Rhine include coal and oil, minerals, and grains, among others.
The role of NVOCCs remains crucial for ensuring service quality and addressing ongoing market uncertainties and I foresee this trend will keep growing in the future as a result of diminishing customer service quality of larger ocean carriers.
Further Consolidation: The Red Sea crisis may accelerate the trend of consolidation in the freight forwarding industry, as smaller players struggle due to the sudden increase in the outlay of money to manage their business and cope with challenges, and larger companies benefit from economies of scale and greater resource flexibility.
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