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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.
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. Shipping Business = the act of carriage of cargo from point A to point using the ships which falls under the Maritime industry.
Here is an interesting article about the questionable value of contracts. Do they make any situation more complex and less dependent on trust? Absolutely. And especially since many business people are expert at getting out of contracts that looked good … Continue reading →
Supply Chain Dive has developed a new cargo tracker on its website where users can track cargo activity at US ports and read the latest port-related articles. Recent additions to the page, for example, show that March cargo volumes increased 8% in Long Beach YOY and 19% in Los Angeles YOY.
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.
This interesting article suggests that slot management across supply chain entities could help ease the current supply chain congestion woes. It’s an attempt to define this concept that could induce more cooperation between firms and supply chain entities such as … Continue reading →
Earlier this month, China punished an unnamed non-governmental organization for collecting “sensitive” maritime data and sharing it abroad. The post Chinese black out on Maritime Data as Automatic Identification System data blocked appeared first on Shipping and Freight Resource. Source : Bloomberg – by Iain Marlow, and Jing Li.
This article takes issue with the Emissions Trading System (ETS) put in place by the EU. Pricing the emissions of various fuels into the equation will induce fuel users to use cleaner fuels in some cases. The argument goes that … Continue reading →
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.
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 →
Clusters have been discussed in logistics and maritime circles for many years. This article by Ryan Donohue, Joseph … Continue reading → We don’t understand fully the dynamics of clusters, or what leads to their formation. some researchers are starting to look at it.
According to an article in FreightWaves , the U.S. Maritime Administration has announced nearly $450 million in FY22 competitive grant funding “for projects to help ports speed cargo flows and ultimately lower costs for consumers.”.
This article provides a valuable perspective on sustainability. There seems to be, despite all odds, a rising tide of concern about the environment and sustainability behavior for maritime firms. Investors and insurers are starting to pay close attention to how … Continue reading →
I found this article very informative. It makes very clear how the EU’s emissions trading system (ETS) will work for the maritime industry. It’s from Bureau Veritas, a classification society based in the EU. It’s part of the Fit for … Continue reading →
IMDG Code (International Maritime Dangerous Goods) is a code adopted by the Maritime Safety Committee of the International Maritime Organization by resolution MSC.122(75) Class 9 – Miscellaneous dangerous substances and articles non-classified materials. Hazardous cargo or Dangerous Goods (DG) refers to.
The update on the ONE Apus maritime disaster as of the 11th December 2020 is that the operations for the safe removal of the remaining containers on deck have started after permission to proceed was granted by the Japanese Coast Guard.
The below article by Mikael Lind , Research Institutes of Sweden (RISE), Jonathan C. Ship agents and ship brokers constitute a substantial part of the work force in the maritime sector. Further, special emphasis is also put on the response and responsibility of ship agents and ship brokers to counteract maritime fraud.
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.
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 United Nations Conference on Trade and Development (UNCTD) said this regarding freight pricing: “Cargo volumes and demand for maritime transport services are usually the first to be hit by political, environmental and economic turmoil. All the while, U.S. importers are scrambling to keep up with consumer demand and low inventory.
The emergence of colossal vessels along primary routes has led to the resultant cascade of maritime traffic along secondary and tertiary routes. The purpose of this article was to examine the principle of economies of scale within the context of gigantism. Shipping remains one of the largest and antiquated contributory economies.
Chartering is an important concept of the global maritime trade sector and it consists of different types. One of the forms of carrying out a maritime business is a time charter. The post Hire payment in time charters: a condition or not – a legal perspective appeared first on Shipping and Freight Resource.
Two workers at the Darwin Port had to run to avoid a shipping container crashing onto East Arm Wharf at the weekend, ” the Maritime Union of Australia says. The container was listed as 4 tonnes , but the Maritime Union says it weighed 28 tonnes and exceeded the crane’s load limit. Enter SOLAS VGM.
The latest update on the ONE Apus maritime disaster is that the ship safely berthed at the Port of Kobe on the the 8th of December, nine days after it encountered severe weather on Monday, November 30, 2020 leading to a container stack collapse of around 1,816 containers including 64 hazardous containers.
In this article, you learn what is the PIMS index and how it tracks the market share of U.S. ports of all incoming ocean freight or maritime shipments, and what the PIMS index can do for each freight market participants. Customs Maritime Import Shipments (PIMS). Customs Maritime Import Shipments (PIMS).
When I first began planning this article, the most significant impacts of COVID-19 were primarily limited to Mainland China. Below are the statistics as provided by Seabury, and reported in a Flexport article in mid-April: Capacity from Europe to North America is down by 52%. Record Capacity Declines and Price Increases.
Given China’s systemic production cost advantage, which now averages 30% to 35% even when shipping costs are included, ” says a recent article from the Harvard Business Review. Over the past few years, pre-COVID, many of the headlines in maritime news were about investments in Asian port infrastructure.
The maritime shipping leg the country of export to the country of import. Then there are the rules of maritime shipping, which become even more complicated if your freight includes hazardous materials. A reputable supply chain consulting firm can assist you with all of the challenges we’ve briefly covered in this article.
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?
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%. According to an ING article, scrapping is reducing capacity by 3-4%, slow steaming around 5-6%, and blank sailings have not shown any significant impact this year.
This article might help you cultivate that understanding, as it offers a brief overview of the factors influencing high container freight costs—and the challenges of volume forecasting. If so, you might try leaning on some of the advice offered earlier in this article. Are you are in the practice of tendering for long-term rates?
Maritime transport is essential to the world’s economy because more than 90% of the world’s trade is carried by sea. The IT department has come out of the basement and onto the main floor,” Rudy Muller, senior manager of IT at MVII terminal, said in an article on IoT in maritime. [
In the maritime industry, 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. maritime industry. maritime industry.
This article survey automation in logistics and highlight areas of promise for military logistics. A following article will discuss a more important topic – instead of autonomy of logistics, this second article will look at the logistics of autonomy. The same could apply in the maritime environment.
In particular, Clause 2 Article 2 of the Council Decision 2014/145 / the Common Foreign and Security Policy (CFSP) dd. Passage through Kerch Strait by vessels is a prime example of possible financing (or other financial impacts) in favor of maritime business entities being subject to sanctions.
For the purposes of this article, we will consider this port to be Durban. As we have seen in the recent articles relating to container collapses onboard ships, correct stowing planning and proper lashing of containers on board is of utmost importance to avoid may maritime disasters.
For the differences between freight forwarders and NVOCCs, please read this article. There are multiple reasons for this, and to learn more read this great article by MTS Logistics Executive Vice President M.
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 maritime industry is responsible for transporting 80-90% of international trade at any time.
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. This article, I admit, is a smorgasbord of ideas. By David Beaumont.
Key Takeaways from This Article: COVID-19 has unveiled the fragility of a global supply chain predicated on lowest-cost principles. The maritime industry — 90% of world trade travels by sea — is notoriously manual. Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience.
By David Beaumont This article, and the series which follows, are an updated version of a presentation given at the Australian National University titled ‘ Logistics preparedness and mobilising the national support base: the effectiveness of ADF strategic logistics prior to Operation Warden 1999 ‘.
This article explores the implications of the port congestion surcharge and the possibilities of avoiding or minimizing it. That is why organizations such as the Federal Maritime Commission (FMC) have sought to regulate the imposition of PCS. Congested traffic of ships at a port.
In his 70th weekly edition of “ The LogTech Letter “, Eric writes about the notion of shipping cartels and how a headline or article that calls container lines a cartel may push the reader toward believing that liner carriers are in cahoots with one another in nefarious (ie illegal, immoral, or anti-competitive) ways.
Back in August, I wrote an article about carriers introducing a $300/container surcharge for all cargo transiting the Panama Canal. Now, we are starting to see container liners consider other options such as the Suez Canal for Asia-U.S.
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