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Chris Cser and Joe Lynch discuss global giants – ICAT moves the world’s largest cargo. Summary: Global Giants: ICAT Moves the World’s Largest Cargo In this podcast, Chris Cser, Director of Operations at ICAT Logistics, takes us on a journey through the complex world of global logistics. Getting through customs.
Breakbulk Americas , is the region’s largest trade event for the project cargo and breakbulk industry. The three-day event will take place Tuesday, Sept. According to the FreightWaves, The basic definition of breakbulk is any individual piece of cargo that does not fit into a container and is not carried in bulk.
Faced with the challenge of limited data availability, he co-founded Vizion, an API-first solution empowering cargo owners, freight forwarders, and software providers to achieve true supply chain visibility by tracking ocean freight in near real-time. With data refreshed multiple times daily, latency is reduced to 6 hours or less.
Forwarders, who transport customers’ cargo safely, quickly and economically all over the world, must constantly face new crises and find solutions to these crises. Forwarders need crisis management skills to prevent or minimize such events from disrupting their operations. The customer should always feel secure about its burden.
In 2017, Mark recognized a need for logistics service providers to have better access to cost effective All-Risk Shipper’s Interest Cargo Insurance with focus on Mexico. Finally, Reliance is a leader in specialty insurance products such as usage-based cargo insurance, shippers interest policies and Mexican cargo.
As CEO of Smith-Cargo Transportation, he orchestrated a successful exit and sale to a private equity firm. He then co-founded Lean Solutions Group, where he spearheaded two successful liquidity events with private equity and scaled the company to over 10,000 employees across Latin America.
However, there is probably one industry that most of us would not think of in this list: the cargo theft industry. According to the National Insurance Crime Bureau (NCIB), cargo theft in the United States is a $15 to $35 billion industry. Cargo Theft Tactics Cargo theft comes in many shapes and sizes. Keep a vigilant eye.
The rise of cargo theft through cybersecurity loopholes demands robust countermeasures like two-factor authentication and restricted access controls. The NMFTA Cybersecurity Conference , happening October 27-29, 2024, is the premier event for trucking and supply chain cybersecurity professionals.
Such events not only affect local economies but also create worldwide ripple effects, disrupting production and logistics. As a key transshipment point for the Mediterranean route, particularly for cargo bound for the Middle East, Europe, and Asia, any halt in operations would result in delays and higher costs for international trade.
In recent years, the transportation industry has seen a concerning rise in cargo theft and fraud, and the culprits behind it are becoming increasingly sophisticated with their tactics. According to Land Line , cargo theft increased by 49 percent in the first quarter of 2020, with an average cargo loss value exceeding $105,000 per incident.
This year’s increased COVID-19 instances, extreme weather events, and Suez Canal closure increased the difficulties. Furthermore, port restrictions and the Ever Given being stranded in the Suez Canal for nearly a week slowed cargo movements and worsened congestion. percentage points. Global chip shortages.
Diversified Port Strategies : DGL identifies and utilizes alternative port options to keep your cargo moving. This data allows supply chain managers to make quick, informed decisions in the event of a disruption, avoiding potential bottlenecks.
retailers to front-load their import cargos since the beginning of this year, especially for high-value cargo and cargo that has strict delivery deadlines. Importers are already front-loading as it will cost them much more in the event tariffs are being implemented. imports from China is on the horizon.
Freight insurance, also known as cargo insurance, is a type of coverage that protects the value of goods being transported against loss or damage during transit. The significance of obtaining cargo insurance during this period cannot be overstated, as adverse weather poses a lot of risk to the transportation of goods.
With its Web Events, WABCOWÜRTH offers customers and interested parties an informative service about its products and the opportunity to ask questions live. The next free web events will be offered in German on October 24th, 2022 from 09:30 to 12:30, and in English on October 25th, 2022. CLICK HERE to register to attend.
The rough and often unpredictable conditions of the sea mean that cargo insurance is critical in the shipping industry. Most freight forwarders will use this service and may require it as a precondition when packing and securing cargo. The proper packing of your cargo is one aspect of shipping that you can control.
For another year, we shipped over 120,000 TEUs of cargo, an achievement that was made possible by our talented and dynamic team of staff, vendors, and more. To view more photos from the event, please visit the MTS Logistics Facebook page. We also celebrated growth in our TEU (twenty-foot equivalent unit) volume.
The guaranteeing association is held liable by that country’s customs for payment in the event of violations of the terms of temporary importation. Attn: Office of Field Operations, Cargo and Conveyance Security (202) 344-3969. They are Roanoke Trade and the Corporation for International Business, who issue carnets on their behalf.
Hapag-Lloyd has released plans to utilize the newly developed Container Payment Portal (CPP) to accelerate cargo movement for customers and supporting terminal operators. It ensures secure, efficient, and transparent transactions, helpingHapag Lloyd’s terminal partners and customers improve cargo flow across U.S.
With two more major shipping leaders actively sharing information, data on nearly half of the world’s ocean container cargo is now available on a single blockchain-based data platform. billion events and roughly 13 million published documents. Already it has tracked 30 million container shipments, 1.5
PAXAFE predicts adverse events through the supply chain to de-risk B2B shipments and enable intelligent cargo insurance. PAXAFE’s platform decreases cargo loss while improving operational efficiencies.
exporters can expect in the new year in regard to cargo fluidity. In Antwerp, just in February, export truck gates got restricted, and the terminal temporarily stopped newly additional import and transshipment cargo. Weather events will continue to impact in 2025. For example, numerous ports are still severely congested today.
Hence, a decision was made to convert the ocean steamer into a passenger-cargo liner. In any event, the Vaderland never carried any oil cargo; contrary to the original purpose for which it was designed and constructed. The practice until the recent time was to fit the vast majority of tankers with a dry cargo hold.
These events will increasingly threaten the sea routes that convey 80% of traded goods by volume, according to an analysis by Environmental Defense Fund. Dangerous, expensive disruptions to shipping and many of the world’s roughly 3,700 ports are on the rise along with global temperatures.
Over 90-thousand cases of Coronavirus (COVID-19 ) have been confirmed globally, disrupting everything from Italian sporting events to the global supply chain. Due to the Coronavirus outbreak, cargo volumes at many U.S. The turn of events as a result of COVID-19 is almost without precedent. while economic worries begin to mount.
By protecting shippers from financial loss due to lost or damaged cargo, cargo insurance has always been an important consideration for companies managing both international and domestic shipments. For shippers that didn’t have cargo insurance, the bill was likely a hefty one. Have Early Conversations About Insurance.
At the event, Samsara also announced a strategic partnership update with ACSS, further emphasising its commitment to driving technology innovation across the industry. Early adopters have seen a 35% average decrease in safety events when using Connected Training. • Our future with Samsara continues to look very exciting.”
The international transport and info-logistics provider cargo-partner will once again be represented at the leading logistics fair in Munich from May 9 to 12, 2023. The cargo-partner booth is located in hall A5, booth no. cargo-partner has been represented with its own offices in Germany since 2000.
Understandably, shippers that have cargo on the Ever Given are anxious. One month later, it’s still an open question when they’ll be able to take possession of their cargo. It dates back to a time when carriers had to “jettison” cargo into the sea in order to prevent shipwrecks. Unless, that is, you had Cargo Insurance.
The General Average topic recently resurfaced in the news when the cargo ship “ONE Apus” suffered the second most significant cargo loss in history. In days when triple-masted sailing ships carried cargo, a ship’s crew might physically toss cargo overboard to lighten a ship’s load to avoid disaster. Explosion and fire.
Asia – Europe and Mediterranean trades – that, due to longer lead times for sailings around the Cape of Good Hope, had to have peak season goods moved out of Asia before Golden Week to receive them in time for Q4 consumer events – seem to be even further past peak demand than the transpacific. kg last week.
The use of automated cargo handling equipment reduces the need for human involvement in the physical loading, unloading, or movement of containers within the terminal. The underlying rationale is that such systems can enhance efficiency and productivity by reducing the time and cost associated with manual handling processes.
Leading Logistics and Supply Chain Event WOF & BUD Cargo Forum Linking the cargo world! The bustling city of Budapest is gearing up to host one of the most highly anticipated events in the logistics and supply chain industry, the WOF & BUD Cargo Forum. For more information visit www.wofevents.com.
Cargo ship ONE Apus loses more than 1,800 containers in Pacific storm.”. So, what causes cargo to go overboard? Severe weather and rough seas to more catastrophic and rare events like ship groundings, structural failures, and collisions can result in containers being lost at sea,” a report from the World Shipping Council reads.
AMSTERDAM – July 21, 2021 – To facilitate implementation of its just-in-time (JIT) port call standards, DCSA has released interface standards and messaging API (application programming interface) specifications for the first 18 event timestamps defined in its JIT port call data definitions. Cargo completion and port departure planning.
The Event In Ningbo’s Zhenhai neighborhood, where one of the busiest ports in the world is situated, there was an explosion at approximately 8:57 AM local time. The event caused considerable damage to the neighborhood, numerous injuries, and a brief suspension of port operations.
million+ transactions annually This network effect means better visibility, more competitive rates, and unparalleled connectivity across the global logistics landscape.
Supply Chain & Logistics News Round-Up Sept 23rd- 27th This week I was busy attending various Climate Week NYC events, allowing me to step outside my usual bubble of supply chain and sustainability. I attended multiple events focused on the built environment, embodied carbon, digital decarbonization tools, and storytelling.
In this captivating article, we delve into the annals of history to explore the most important events that paved the way for the extraordinary development of logistics as we know it today. This breakthrough led to significant improvements in cargo handling, reduced labor costs, and faster turnaround times.
However, as global congestion and delays become more frequent and the interconnectedness of the international supply chain exacerbates the negative impact of local events, shippers face a higher risk, resulting in lost production and impacting sales. This way, the cargo is transported by different vessels sailing on different days.
Instances of cargo theft increased markedly in 2022, driven in large measure by thieves using fictitious pickups. CargoNet recorded 1,778 supply chain risk events across the United States and Canada in 2022, an increase of 15 percent from 2021. They estimate $223 million in cargo was stolen across all theft events in 2022.
” A potential ILA strike will impact supply chains, leading to delays in cargo movement, increased costs, and logistical challenges for businesses relying on U.S. In the event of a strike, cargo left on the terminal at the affected ports will not be accessible. East Coast and Gulf ports.
The World of Freight (WOF) and cargo forum two-day conference highlighted key themes such as E-commerce, Sustainability, and Digitalization, presenting 46 renowned experts including representatives from Lenovo, Nokia, Maersk, and Huawei. Key takeaways emphasized innovation, adaptation, and collaboration.
But when it comes to international trade, not all importers realize the importance of marine insurance (otherwise known as cargo insurance). Marine cargo insurance safeguards you from financial liability. . and international laws require shipping companies to carry a certain minimum amount of cargo insurance. Abandoned cargo.
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