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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.
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.
He is a globally experienced leader in the maritime industry with extensive operational experience and a proven track record of growing businesses and creating long-term value for customers and stakeholders. Previous industry experience includes president and CEO of Port America Group and president and CEO of P&O Ports North America.
But, of course, when dealing with systems that operate at such scale, exceptions happen. 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. It’s the gritty reality of logistics.
The group of university students visited the ONE Thailand office at Chamchuri Square in Bangkok and were given a formal lecture of ONE’s business operations and overall look of an ocean shipping industry by Mr. Hiroshi Morita, CEO of Ogihara (Thailand) Company. The lecture today is just one part of the student’s internship activities.
The Danish group Maersk Line said that “Due to the impact of the lockdown, we have seen an increased yard density for dangerous goods and reefer containers in Shanghai terminals. Therefore, the Chinese government decided to impose a full lockdown in Shanghai in order to maintain the Zero Covid policy on March 28th.
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?
As a disclaimer, WebCargo , a Freightos Group company, does offers digital services to global forwarders and carriers, including online sales portals, digital eBooking, multimodal rate management and the Freightos.com freight marketplace. . The shift to full end-to-end integration, of course, leaves no one else in the middle.
These factors have been cited as significant progress by the organization and highlighted the efforts that members are making toward meeting all of the targets set up for the upcoming benchmark of the year 2050, which is the year put forward by the International Maritime Organization to cut CO2 emissions in half.
Looking Ahead. While carriers like MOL are solving a short term problem for Japan as a whole, plans are already in place to mitigate Japanese reliance on Russian LNG.
Based on this, there seems to be a natural and immediate view that these lines fit the definition of cartel “ A cartel is a group of independent market participants who collude with each other in order to improve their profits and dominate the market. Of course, it has long been the case that publishers target their readers.
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.
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. All in all, 21 lines service the U.S.
In Kudamatsu, Yamaguchi prefecture, Japan, train bogeys were recently loaded onto a vessel as they set course for Thailand. Accompanying this shipment was Siam Pattana Maritime Co., SPM), a Thai lineage ocean carrier who are part of the Siam ECL Group Company. (SPM), Mr. Shiro Aratame, Managing Director of Siam ECL Co.,
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. He went on to say that WSSTH is considered a key stakeholder in Thailand’s Maritime Industry. Thank you so much to Mrs. Ambassador for hosting us.
One of the world’s leading shipping groups, CMA CGM were recently presented with the Environment Award at the prestigious Lloyd’s List Global Awards. 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.
Statement from Captain Rajesh Unni, CEO & Founder of Synergy Group, to mark this year’s Day of the Seafarer on 25 June: “The Day of the Seafarer is when we take stock and appreciate the hard-working, professional and frequently heroic souls that make world trade possible. But this year the it is clouded with sadness and frustration.
“The Brittany Ferries freight team has worked tirelessly throughout the Covid-19 crisis to guarantee the supply of essential products like food and medicine,” said Simon Wagstaff, group freight director for the company. In addition to serving UK to Spain, Galicia will make one weekly rotation between Portsmouth and Cherbourg.
In November 2017, Rodolphe Saadé, CMA CGM Group’s Chairman and CEO, decided to equip this series of container ships with LNG-powered engines – a first in the history of shipping for Ultra Large Container Vessels. The CMA CGM Group has thereby proven its commitment towards driving forward maritime transport’s energy transition.
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.
a subsidiary of Synergy Group, has signed an agreement to take over Maersk Tankers’ technical management business. This will strengthen Synergy Group’s position within technical management, and Maersk Tankers will become a service company focused on commercial management. Synergy Marine Pte. Ingerslev, CEO of Maersk Tankers.
Industry professionals, policymakers, and stakeholders alike are encouraged to seize the unique platform offered by this event to chart the course for a more connected, efficient, and inclusive logistics ecosystem.
But more blatantly than ever, container liners – and especially Maersk – are on a collision course with the tech companies that provide digital infrastructure for selling goods. The Loadstar found that Alibaba has a minority stake – by way of Cainiao – in Transfer , an ocean liner owned by Worldwide Logistics Group.
Swire Group subsidiary, the China Navigation Company (CNCo) and one of the ten largest container shipping brands in the world, Hamburg Süd part of the Maersk Line, recently announced an agreement for CNCo to acquire the bulk shipping business in Hamburg Süd. The acquisition will include Rudolf A.
Mike Bhaskaran, Group COO of Digital Technology at DP World , shares his predictions on technology innovations that will impact the supply chain logistics industry in 2023. The tools we develop are important to leverage digital technology and the solutions are of course what we are aiming to find.
Damen supports women in maritime industry. The shipyards group’s Sylvia Boe has been named president of the Netherlands chapter of WISTA. Knight is named general counsel; Tanggaard is first male member of Norwegian group promoting female participation in maritime industry. . Click here to look at our new privacy policy.
For example, even during continued market disruptions from the COVID pandemic and the war against Ukraine, the Group stuck to its digitalization strategy and invested significantly in digitalization of business processes and forward-looking technologies. With the guiding principle of ‘For the better.
The new vehicles do of course also have limitations in terms of their range. The project is a collaboration between the Gothenburg Port Authority, the Volvo Group, Scania and Stena Line. People are prepared to take a broader view and think outside the box,” says Johan Söderström.
The supply chains of FTSE 100 companies emitted 3 billion tons of CO2 last year, shows research by supply chain experts INVERTO, a subsidiary of Boston Consulting Group. While some sectors will of course take much longer to get there, their progress will undoubtedly quicken over time.”
Together, the two companies will also explore possible cooperations allowing us to propose an ever more differentiated and qualitative offering while integrating services beyond maritime transport.”. When I first entered the maritime industry back in 1975, Overseas Containers LTD. Jeff Berman, Group News Editor.
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. Cyberattack numbers soar . Such dry-runs already form part of the company’s in-house contingency planning.
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. Jeff Berman, Group News Editor. But it is a delicate balance. About the Author.
FMC said correspondence, allegations, and supporting documents regarding the investigation can be sent to either [email protected] or to: Commissioner Rebecca Dye, Federal Maritime Commission, 800 North Capitol Street, Northwest, Washington, D.C. Jeff Berman, Group News Editor. Albert Saphir, president of ABS Consulting in Weston, Fla.,
The Group net result rose to EUR 146 million (H1 2018: EUR -101 million). Habben Jansen added, “after a solid first half of 2019, our outlook remains unchanged, even if we have to deal with more trade restrictions and see increasing geopolitical risk, which of course could impact growth.
Over the course of 2016, real revenue and volume growth in the air and sea freight forwarding markets was remarkably similar globally, but this disguises significant differences across important countries and regions, say analysts who keep a close eye on the market. Toll Group. The global freight forwarding market has grown by 2.7%
Even with a new round of tariffs having recently gone into effect, United States-bound imports are pegged to stay at what are being described as record-high levels, according to data in the new edition of the Port Tracker report, which was issued today by the National Retail Federation (NRF) and maritime consultancy Hackett Associates.
After record figures in 2021, conventional breakbulk (+1.1%) held up well in the first half of the year due to growth in the throughput of steel, the main commodity group within this segment. First, of course, 2022 was the year of the merger and therefore a historic year. Total roll-on/roll-off traffic saw an increase of 6.5%.
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Lawyer Carlos Rodriguez offers insight on Federal Maritime Commission and hours-of-service regulations and opportunities in e-commerce. . Some can be implemented simply without fanfare.
As SCDigest has reported several times, in April there were new rules coming out of the International Maritime Organization (IMO) that will require cargo ships to either use new very low sulfur fuels or install very expensive scrubbers at the tune of multiple millions of dollars each.
What do you say?
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Lawyer Carlos Rodriguez offers insight on Federal Maritime Commission and hours-of-service regulations and opportunities in e-commerce. . Some can be implemented simply without fanfare.
I’d love for it to be sooner rather than later of course, but I can’t make any guarantees quite yet. We are excited about being a part of the World Economic Forum Blockchain in Supply Chain group as well as our inclusion in Plug and Play, and will continue to work with both and expect new partnerships and more from them.
British freight group fumes over sulphur surcharge. Click here to look at our new privacy policy. Continuing to browse will be taken as acceptance of this new policy. Monday, September 24, 2018.
Related Articles. BIFA calls shipping lines’ fees unjustified and “blatant profiteering.”.
MARPOL, an organization adopted by the International Maritime Organization of the United Nations (IMO) in 1973, has laid the foundations for regulations on sulfur and particulate emissions from shipping. Over the past decades, maritime transport has grown steadily worldwide. IMO stays the course. as of 1.1.2012 . as of 1.1.2020.
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