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Peter is Vice President in the Maritime, Trade & Supply Chain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial. Peter Tirschwell and Joe Lynch discuss the post-pandemic supply chain.
Peter is Vice President, Journal of Commerce, the Maritime, Trade & Supply Chain division of S&P Global , a global data, analytics and business intelligence organization serving sectors including maritime, energy, automotive, petrochemical and financial. the world’s largest container shipping conference, now 23 years old.
Envase and Envase President Jim Hickman Sponsor Maritime & Intermodal Topgolf Charity Night. Recently Envase and Envase President, Jim Hickman, jointly sponsored the second annual Maritime & Intermodal Topgolf Charity Night supporting two charities doing essential work in the community.
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. Challenge 4: Insurance Challenges The rise of extreme weather events creates dilemmas for the insurance industry.
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. Their extensive network of ports, warehouses, and trading posts revolutionized maritime logistics.
Of course, each contract is different but usually, this has been the norm for the greater population. Also, the events in the past three years were a huge learning experience for the importers who otherwise haven’t paid this much attention to ocean freight rates and contract negotiations.
Supply chains will survive COVID-19, of course, but not without interim pain and structural change. But with a black-swan event, it just magnifies the risk.”. Sign up for virtual event updates here. ]. The maritime industry — 90% of world trade travels by sea — is notoriously manual.
In January 2021, there was a very important event that escaped the attention of the world. Moreover, with the melting of the ice, new maritime routes will emerge. And of course, there are veins of precious metals and minerals. The decisions humanity will make over the next 30 years will determine our future on the planet.
To further compound the issue, some costs are incurred only in the event of problems arising at the ports of loading or discharge and are impossible to foresee when booking a shipment. The maritime shipping leg the country of export to the country of import. The domestic transport in the country of import.
INFORM, a leading provider of intelligent AI and optimization software solutions, will showcase its proven optimization add-on solutions for maritime and intermodal terminal operators at the upcoming TOC Europe conference in Rotterdam, the Netherlands.
Billions of dollars’ worth of cargo is damaged or stolen every year, and insurance will mitigate your loss in the event of an incident. In the event that a ship suffers a major catastrophe, such as a fire, there is the principal of maritime law known as General Average. Hidden defects in goods. Cargo Ship Fire .
Editor’s Note: This is a blog by one of our affiliate partners, Global Vision Group , a Federal Maritime Commission licensed Non Vessel Operating Common Carrier (NVOCC) and Ocean Freight Forwarder (OFF). What Is The Best Course Of Action To Deal With These Problems? So What Is An Importer To Do?
Today on Labour Day, we pay tribute to these brave souls, the backbone of the maritime industry. There are several stories of seafarers having missed important life events – marriages, the birth of children, death of loved ones, etc. The invisible workforce that makes your life comfortable and convenient are the more than 1.6
In politics, it can of course be necessary at times to portray events as relatively simple in order to reach a wider audience. As many noticed, the supply chain came into the prime spotlight when it was prominently mentioned in U.S. President Joe Biden’s State of the Union address last week.
The goal of maritime cyber risk management is to support safe and secure shipping, something that is resilient to cyber security risks and a natural extension of the existing safety and security management practices. This of course should be in continuous operation and must be constantly evaluated through effective feedback mechanisms.
The shift to full end-to-end integration, of course, leaves no one else in the middle. The first is size , of course, with Maersk running over 17% of global ocean capacity , but also selling land-services to just under 20% of those same customers. Other sources reported that DB Schenker was not the only forwarder making this shift.
Promising to be a dynamic convergence of leading players in the logistics industry, this event is poised to showcase the latest innovations, trends, and solutions driving the sector forward. Logistics Business will also be exhibiting.
But of course, freight still needs to move, and for some commodities, such as personal protective equipment, a rapid supply chain is more critical now than it has been in many decades. Of course, this is pure speculation, and in this time of total uncertainty, any number of other scenarios might unfold. sulphur content.
Shipping industry stakeholders have faced many of these events, and they have changed the shipping industry irrevocably, for good. One event after another pushed the overall supply chain to its limits. A lot of things have happened over the past two years that have affected shipping freight rates. importers.
More than 80 guests and WSSTH colleagues joined for this exclusive event. WSSTH is a joint venture company, who’s partners are the Wilhelmsen Group, the world’s largest maritime services company who have been over 157 years, and the Double A Group. Thank you so much to Mrs. Ambassador for hosting us.
Of course, just a few weeks ago the Federal Maritime Commission (FMC) launched an investigation into potentially unfair demurrage and detention charges that are being levied against cargo owners, often for events beyond their control. Poor data quality can lead to these costly fees with damaging ramifications.
The company announced that it is expanding its associate-to-driver program so that any Walmart worker at 439 store locations nationwide can become a truck driver after completing a 12-week course.
Billions of dollars’ worth of cargo is damaged or stolen every year, and insurance will mitigate your loss in the event of an incident. In the event that a ship suffers a major catastrophe, such as a fire, there is the principal of maritime law known as General Average. Hidden defects in goods. Cargo Ship Fire .
The event was held in London UK by the maritime industry’s leading publication. Maritime transportation as of now is by far the most environmentally-friendly mode for shipping goods. In 2017 the group had already reduced by 10% and are well on course to achieve their goal.
Capt.Ricardo Caballero Vega – a veteran maritime pilot transiting ships across the Panama Canal for 25 years explains why. Carbon emissions, of course, was not the reason the Panama Canal came into existence. As years passed by, new events would cause the idea of an interoceanic canal to shift up to the next level.
This great news was also met with record breaking events, such as the maiden calling of the ONE Columba to Laem Chabang Port in November last year that marked the largest container vessel to ever call a Thai port. Mr. Nixon: That was such a great event. What does that mean for Thailand and what does that mean for the network?
This year’s recent TPM – the annual transpacific maritime conference hosted by the Journal of Commerce in Long Beach, CA at the end of February – was a combination of post-pandemic debrief, projections for the rest of the year and beyond, and lessons learned. What just happened??? What happens next?
Analyzing and forecasting freight rate fluctuations, especially those impacted by significant events like the COVID-19 pandemic, is crucial to effectively manage market volatilities and reduce risks associated with unpredictable changes in shipping costs. So what can you do if you cant better your current forecasting?
Earlier this week, the Federal Maritime Commission said it voted to kick off an investigation that will focus on the practices of vessel operating common carriers and marine terminal operators related to detention, demurrage, and per diem charges. Albert Saphir, president of ABS Consulting in Weston, Fla., But it is a delicate balance.
Of course, those who may not possess all of these skills can easily learn them over time. The Transportation Worker Identification Card (TWIC) is “required by the Maritime Transportation Security Act for workers who need access to secure areas of the nation’s maritime facilities and vessels.” Choosing a Truck Driving School.
Jacques Vandermeiren, CEO Port of Antwerp-Bruges: “2022 was, once again, an eventful year, with many logistical and geopolitical challenges. First, of course, 2022 was the year of the merger and therefore a historic year. As a world port , we are at the centre of this drama and are holding up well.
The transportation of hazardous materials by sea is governed and regulated by the The International Maritime Dangerous Goods Code or IMDG Code , which is the internationally accepted regulation for the safe transportation of dangerous goods and hazardous materials by sea. Use the proper documentation for transporting hazardous materials.
With no way to unlock the infected computers, Maersk had to rebuild its IT infrastructure almost from scratch, installing 4,000 new servers, 45,000 new PCs and 2,500 applications over the course of ten days. NotPetya arrived hot on the heels of other major cybersecurity events. Cyberattack numbers soar .
billion Denbury deal boosts energy transition plans On the lighter side… Truck stuck in Smugglers’ Notch, again, and Vermont plans to take action The Amazon Prime Day event, stretching across July 11 and 12, was Amazon’s largest ever Prime Day, according to Amazon. port strike Exxon’s $4.9
I was fortunate to be able to attend again this year, and, though I couldn’t sit in on all the sessions or meetings I would’ve liked, here are my key takeaways: Geopolitical challenges, Red Sea especially Geopolitics were, of course, on people’s minds. But Sea Intelligence’s Alan Murphy thinks rates will settle 1.5-2X
Whilst Brexit will bring many challenges and, of course, opportunities, the efficiency of European port transhipment routings defined by geographical and market proximity will remain – even where the political backdrop differs,” he says. Cale Judah, managing director at GBA, is positive about the outlook, therefore.
His company’s mission is to enable supply chain professionals and teams to solve industry challenges by providing on-demand courses, guides, tools, and mentoring from industry experts. . Mr. Tirschwell is revered for his role as VP for Maritime & Trade at S&P Global. Ahmed serves as the Founder and CEO of SCMDOJO.
Global maritime commerce gathered momentum two years ago and raised sentiment in the shipping industry,” says Frida Youssef , UNCTAD’s trade analyst. There’s little doubt that trade wars in these arenas could reshape global maritime trade patterns and dampen UNCTAD’s cautiously optimistic forecast. Balancing act.
The column added that aside from whatever the ramifications of a true trade war would look like, there is, of course, the fall out, or trickle down, impact on what this could mean for consumer spending i.e. the real lifeblood of economic activity, more so than any other economic driver. About the Author.
poultry, namely chicken leg quarters and mechanically separated chicken (which is ultimately sold as ground chicken), have been specialized over the course of NAFTA to the point where some of those products are shipped fresh. For example, Mexico-bound supply chains of U.S. Withdrawal Complications. 1 foreign outlet for U.S.
Kirk Claussen, port finance agent in the Office of Ports and Waterways at the US Maritime Administration (Marad). From a strategy perspective, OEMs are unwilling to make big investments on what could be a short-term event, with trade negotiations set to continue and the prospect of a new government in the US in a couple of years.
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