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To the uninitiated (which included me at one stage), these industries are same or similar and it might come across that there is no difference between Maritime, Shipping, Freight, Logistics, Supply Chain and Trade. MaritimeIndustry. Trade is the reason all above businesses from 1-5 exist. An estimated 89.5%
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. South Korea has experienced a reducing in its maritime performance, especially in the last year.
Lee Hong Liang has written an interesting article about the call for standards in maritime documentation. The desires of maritime operators to work as local optimizers has hurt … Continue reading → To my view, it’s no doubt needed badly, and has been for years.
The Federal Maritime Commission has established a new audit program and dedicated audit team to assess carrier compliance with the Agency’s rule on detention and demurrage as well as to provide additional information beneficial to the regular monitoring of the marketplace for ocean cargo services. FMC Establishes Ocean Carriers Audit Program.
The maritime sector is a major global industry. In fact, an article published by the World Bank reports that shipping accounts for 80% of all world trade's total volume. Below, we'll discuss several impacts of climate change on maritime transport, specifically on its efficiency and profitability. Read more >>>.
This article gives both sides of a discussion on the importance and readiness of the maritime and shipping industries for an electronic bill of lading. One point made in the article by forwarders is that in the present market, changes … Continue reading →
Determining the current state of shipping industry news is similar to looking into a Magic 8 Ball – when you shake it and the water settles, the message says, “Future Remains Uncertain.” Shipping Industry News: The Good. The good news is that the shipping industry is doing better than expected.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supply chain predicated on lowest-cost principles. Shipping from Asia is delayed by weeks given soft demand for apparel and other products, and some suppliers are turning to the airline industry — with air travel down by 95% — to reduce delays.
I found this article very informative. It makes very clear how the EU’s emissions trading system (ETS) will work for the maritimeindustry. It’s from Bureau Veritas, a classification society based in the EU. It’s part of the Fit for … Continue reading →
The post Sustainability In The MaritimeIndustry appeared first on The Ledger - Mazars USA. Sustainability concerns are increasing, both in the United States and internationally, gradually rewriting the rules for business. In the past, […].
The post Sustainability In The MaritimeIndustry appeared first on The Ledger - Mazars USA. Sustainability concerns are increasing, both in the United States and internationally, gradually rewriting the rules for business. In the past, […].
In the past,… The post Sustainability In The MaritimeIndustry appeared first on Insights Center - Mazars - United States. Sustainability concerns are increasing, both in the United States and internationally, gradually rewriting the rules for business.
What will these developments mean for employment in the supply chain and logistics industry? According to the same WSJ article, “Warehousing and storage companies, which added more than 400,000 jobs in two years through the end of 2021, dropped 20,000 jobs from September to October.” in the European area, 8.2% in the U.S.,
This article originally appeared on JOC.com. . On that basis, most of the transportation industry in the United States was deregulated in the 1970s and 1980s. However, ocean freight remained fraught with regulation, with the Federal Maritime Commission (FMC) a lone regulator dictating archaic contract rules to the ocean freight market.
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.
This article will focus on one particular commodity that is strategically significant to all militaries that if disrupted in war severely constrains the likelihood of operational success. The munitions industrial base is a segment of a nation’s defence industrial base and the primary producer of military munitions.
1: Live ocean schedules and maritime news. CargoSmart nailed it with BigSchedule , a big-data portal that provides a bird’s-eye view on global maritime activity. Information is power…but despite best efforts, it’s hard to get in-depth professional news about the freight industry. Free for 200 emails/months.
In the pursuit of environmental sustainability, digitalization, operational and commercial efficiency, and collaborative practices the containerized fleet and the industries commercial practices have been radically modified over a significantly short period of time. This begs the question is bigger always better and what alternatives exist?
Port congestion poses significant challenges to global supply chains, maritime trade, and overall economic efficiency. In this article, we’ll explore how these technologies can make a difference and enhance port operations. As the volume of goods transported by sea continues to grow, finding effective solutions becomes crucial.
The newest addition to the scene, the WSJ’s Daily Logistics Report combs through the business and logistics articles published by the WSJ team, providing a daily email at 6am EST with key information. is one of the industry’s most respected logistics sources. If you read one newsletter, it should be this. wsjlogistics.
Ship agents and shipbrokers have been active in the industry since the beginning of commercial shipping and that coffee shop in London and have been playing an important role in the provision of services to various ship and cargo owners. The below article by Mikael Lind , Research Institutes of Sweden (RISE), Jonathan C.
However there are still several incidents of such cargo misdeclaration including hazardous goods which have caused several maritime disasters. In this article, Peregrine Storrs-Fox, Risk Management Director of TT Club writes about the importance of declaring correct cargo details and consequences of cargo misdeclaration.
Determining the current state of shipping industry news is similar to looking into a Magic 8 Ball – when you shake it and the water settles, the message says, “Future Remains Uncertain.” Shipping Industry News: The Good Let’s start this update on the most positive note.
According to a recent article, Maersk Line is expecting container volumes to drop by 4% in 2023 globally, while their previous forecast was 2.5%. Fleet Overcapacity The container shipping industry has experienced significant growth in recent years, leading to an increase in vessel capacity. Source: Company Reports, Linerlytica 2.
In the supply chain disruption medley caused by COVID-19, many may have forgotten the issues faced by the industry (and the environment) due to overweight containers and various weight misdeclarations. The container was listed as 4 tonnes , but the Maritime Union says it weighed 28 tonnes and exceeded the crane’s load limit.
Maritime transport is essential to the world’s economy because more than 90% of the world’s trade is carried by sea. Guesswork about container location or estimated time of arrival costs the shipping industry as much as $20 billion annually , according to Boston Consulting Group. Book your ticket now. ].
When I first began planning this article, the most significant impacts of COVID-19 were primarily limited to Mainland China. Now the entire freight transportation industry, across air, ocean, road, and rail sectors, is awash with disrupted expectations and has retreated into survival mode. Record Capacity Declines and Price Increases.
For example, the New York Times is out with a new article on wind energy and how it can help shipping in the near future as climate change becomes a major focus. Could wind power help power tomorrow’s shipping vessels as shippers look to become more environmentally-friendly?
The shipping industry is essential to the global economy, responsible for the transportation of goods between countries. The effects of inflation on the shipping industry were seen in several areas: higher fuel, increased transportation, labor and equipment costs. And, the effects are not limited to those areas.
This article explores the key aspects of an eBL, its benefits, challenges, and its potential impact on the future of international trade. The bill of lading is a crucial document in the shipping industry, serving as a receipt of goods, a contract of carriage, and a document of title. What is a Bill of Lading (BOL)?
This article provides a possible explanation. Besides, the industry is dealing with operational challenges such as a spike in congestion. Spot rates are also rising because of operational decisions and an outlook that is not yet clear for the shipping industry. The boom in the US has caught the shipping industry off-guard.
Related Articles. will chair the Subcommittee on Coast Guard and Maritime Transportation. has been named chairman of the Subcommittee on Coast Guard and Maritime Transportation for the remainder of the 115th Congress. The office of Rep. Executive Moves: CSX and Dupré Logistics. Brian Mast, R-Fla.,
In the maritimeindustry, detention and demurrage charges are crucial for managing the logistics of cargo transportation. To address these issues, the Federal Maritime Commission (FMC) has issued a Final Rule on detention and demurrage billing requirements. maritimeindustry. maritimeindustry.
This initiative (to promote connectivity and cooperation amongst countries along land-based and maritime China-Europe routes, with benefits even spreading to other regions) is hot. SPECIAL FEATURE: FIVE TRENDS TO SHAPE THE SHIPPING INDUSTRY. Andrew Scorer, principal trade analyst at IHS Maritime & Trade.
As if astronomical freight rates are not enough, understanding the anatomy of freight quotes and invoices requires an in-depth knowledge of the shipping industry that’s missing in many smaller companies, leaving managers unsure of their actual costs and what they comprise. The domestic transport in the country of import.
This article is adapted from a presentation given at the Williams Foundation seminar on ‘Next Generation Autonomous Systems’ delivered in Canberra in April 2021. The situation is better for military aviation and in the maritime context. Fourthly, the link between the military and industry partners will necessarily be closer than ever.
70% decline in ship losses per year over the past decade 1/3rd losses are from South China, Indochina, Indonesia, and the Philippines Roughly a 5th of global crude oil fleet is part of a dark “shadow fleet” The maritimeindustry is responsible for transporting 80-90% of international trade at any time.
A unique and visionary strategy adopted by Saudi Arabia with 2030 vision where the country is diversifying the economy away from dependence on oil and gas, Saudi Arabia is investing in industries such as tourism, entertainment, renewable energy, and advanced manufacturing to create new sources of revenue.
I have the opportunity to work with the best in the logistics industry, having been on both the Carrier and NVOCC sides of the business. In this article, we define five advantages that will transform the future of freight forwarding. The experience in tariff rates, classification, and valuation helps avoid overpaid duties.
Liner shipping plays a very important role in the container shipping industry carrying 25.3 As I highlighted in my Annual Review for 2021 , global container shipping alliances operating in the container industry account for 84.60% of the container shipping market. I have reproduced the thought provoking article below.
Related Articles. Reddy also highlighted the online forwarder Flexport, based in San Francisco, which said in April it had received a $100 million investment from the Chinese courier company SF Express. “Not all supply chain innovation directly touches the maritime space.
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Military logisticians, alongside industry counterparts, have utilised automation in their daily business for nearly sixty years. This article survey automation in logistics and highlight areas of promise for military logistics. In other words, the article would look at how transformative technology will be practically sustained.
This article explores the implications of the port congestion surcharge and the possibilities of avoiding or minimizing it. As the shipping industry has grown, port capacity has not always caught up in time in the last 10 years. Unless things are regulated in the short term, this is a danger to the industry.
In this article, “The Evolution of Container Ships”, I have compiled the changes that the shipping container and ships have undergone throughout the years. During the 1960s, McLean built several large-scale ships, and his company, Pan America, dominated the maritimeindustry.
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