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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.
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.
The progress report follows Ship It Zero’s 2023 Report Card , where the campaign graded more than two dozen retailers and shipping carriers on their efforts to decarbonize and develop zero-emission fuels for maritime shipping. I KEA earned a B+ in our 2023 Decarbonization Report Card and was the highest scoring company overall.
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. As expected, this analysis reveals why China stands out as the most powerful maritime nation by a significant margin.
The logistics industry is always changing, and it's important to keep up-to-date. That's why we're happy to share that the 15th Maritime and Logistics Training Course is now open for registration! At Magaya, we value continuing education.
He is a globally experienced leader in the maritimeindustry with extensive operational experience and a proven track record of growing businesses and creating long-term value for customers and stakeholders. Prior to that, he was the CEO of Global Container Terminals. Learn More About The Port of Virginia. Stephen’s LinkedIn.
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.
A game-changing infrastructure project in the world of maritime transportation, the Stad Ship Tunnel is a planned canal and tunnel that will bypass the Stad peninsula in Stad Municipality, Vestland County, Norway. Once completed, the tunnel will provide a safe and efficient passage for the maritimeindustry.
Supply chains will survive COVID-19, of course, but not without interim pain and structural change. 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. Sign up for virtual event updates here. ].
When the vessel veered off course due to the serious malfunction, it struck a section of the bridge and caused significant damage. Of course, like the Baltimore bridge collapse two months ago, this latest collision involving a shipping vessel brings the topic of maritime safety and infrastructure to the forefront as 2024 progresses.
Join us as we embark on a journey through the vast seas of trends, opinions, and innovations that shape the shipping industry today. Whether you’re a seasoned maritime professional or a curious enthusiast, this series will keep you anchored to the forefront of this dynamic and vital global business.
The once-tranquil seas are undergoing noticeable transformations, with the impacts of rising temperatures affecting maritime operations. From restructuring trade routes to adhering to strict regulations, the shipping industry faces a host of new challenges as it seeks ways to a more sustainable route.
There’s been a big focus on climate change and its effects on the maritime shipping sector for good reason: we see the effects of climate change everywhere. The goal, of course, is to reduce emissions and further the progress towards a greener, zero-carbon future. Funding was awarded for the project earlier this week in London.
The Situation Ongoing labor talks have been a staple in the logistics and shipping industry since the COVID-19 pandemic. But now that the industry is seeing a drop in volume from pandemic heights, some in the shipping industry feel the slowdown in cargo has also slowed down discussions over wages and labor rights for over 22,000 dockworkers.
When the International Maritime Organization (IMO) meets in London this week (9 April 2018), the stakes are high. For many years, maritime GHG emissions have not been discussed prominently in international climate negotiations. Setting a common course? Who’s in command on the open sea?
inventories and consumer behavior, and reconciling them with maritime supply/demand dynamics is getting harder each day. Of course, we may still experience more factories in Asia not operating at 100 percent capacity, further trucking shortages, port issues, etc. The shipping ecosystem is ever-changing. Let’s not forget U.S.
On the other hand, the southern Chinese city of Guangzhou announced that in-person classes at elementary and middle schools shifted courses online after 27 new Covid cases were reported.
Maritime trade has always had its ups and downs due to product cycles throughout history. Since the shipping industry contradicts Soy’s Law, which states supply generates demand, building ships is a risky decision and a volatile, cycle-based market that adds significant risk. We can split the shipping market into four categories: 1.
However there are still several incidents of such cargo misdeclaration including hazardous goods which have caused several maritime disasters. As a result, TT Club commissioned Exis Technologies to develop e-learning training courses for the transport industry; CTUpack e-learning ?.
Some new IMO regulations in the shipping industry went into effect earlier this year. January 1st, 2023 marked the starting date of some new regulations drafted by the International Maritime Organization (IMO), a branch of NATO, to significantly reduce carbon emissions by large oceanic shipping vessels over time.
Ordering early and shipping via air aren’t the best course of action anymore to solve this potential problem which may or may not occur. The International Longshore & Warehouse Union (ILWU) and West Coast employers, led by the Pacific Maritime Association (PMA), will be back negotiating a new contract as the current one is expiring.
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. The post TPM ‘23 – An industry moving forward appeared first on Freightos.
Control over trucking freight rating remains a blip for many carriers, particularly owner-operators and those trying to manage the chaos of a pandemic-stressed industry. Now, the industry is changing yet again. Initial demand on the industry will likely generate a stronger ROI for trucking carriers through higher trucking spot rates.
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.
In politics, it can of course be necessary at times to portray events as relatively simple in order to reach a wider audience. However, when the speech and the underlying fact sheet is studied more closely, it unfortunately contains a range of misconceptions about how the shipping industry works.
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.
Of course, it was after the ship lost power that it slammed into the Key Bridge, a fact that DOJ officials pointed out in the lawsuit. Of course, many more recovery efforts and rebuilding efforts will need to be undertaken to replace the Key Bridge. What are some other specifics of the new lawsuit by DOJ?
The Kingdom’s maritime Saudi ports trade hubs have seen a yearly increase of 13% in cargo throughput during the year 2022, handling an estimated 237 million tons compared to 210 million tons in the preceding year. The year-end statistics for 2022 highlight a 3.2% surge in container volumes at 10.3 million TEUs in contrast to 10.04
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. Shifting Industry Habits. Driving the Maersk Shift. It’s worked.
Today on Labour Day, we pay tribute to these brave souls, the backbone of the maritimeindustry. Each case is treated on an individual basis, and we discuss with survivors of trauma the best course of action. . The invisible workforce that makes your life comfortable and convenient are the more than 1.6 About the Author.
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. Kiyoshi Tokonami, Managing Director ONE Thailand; and Mr. Kazuhiro Kuroda, Assistant General Manager, Marketing and Planning Division.
Now the entire freight transportation industry, across air, ocean, road, and rail sectors, is awash with disrupted expectations and has retreated into survival mode. Of course, this is pure speculation, and in this time of total uncertainty, any number of other scenarios might unfold. Ocean Freight Transportation Trends 2020.
IMO has echoed shipping industry calls for governments to keep shipping and supply chains open and grant special travel exemptions to seafarers in response to the COVID-19 pandemic. In a Circular Letter No.4204/Add.6 In a Circular Letter No.4204/Add.6 to an airport) to allow crews to be changed and seafarers to be repatriated. .
To this end, the E-Learning Platform has been inaugurated with two courses specialised in international logistics and freight forwarding and a SOC Masterclass focused on Shipper Owned Containers. The future of the freight forwarding sector is constantly evolving. These training programmes can be completed at the students’ suitable pace.
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). All modes of the logistics industry are seeing a shortage of drivers. So What Is An Importer To Do?
Industry leaders in ocean shipping are looking for ways to reduce the global footprint per container. One of such ways they are looking to change the industry is by implementing a zero-carbon fuel. Industry standards. Of course, the scorecard is only disseminated to those groups participating in the sustainability goals.
Of course, much more work remains. All work to restore the channel will be fully completed by June 10th, according to workers onsite. There was already a temporary channel established, but will be more permanent. The Key Bridge needs to be rebuilt. There will be further delays as things get back to normal.
This industry has always been at the forefront of connecting the world. Maritime trade has been around for millennia but the simple standardized freight container, together with the post-WWII global economy, ushered in a new era of global connectivity. Business data must remain private of course. And we’re doing it for free.
Rapid developments in the technological space has brought about several benefits globally to many industries. The world of shipping is no different and in the last decade there has been several advancements in this area although some parts of the industry still remains fragmented and lacking standards in how the business is conducted.
Of course, each contract is different but usually, this has been the norm for the greater population. As the shipping industry is going through this year’s contract season in Transpacific Eastbound traffic, it’s evident that traditional norms have been disrupted by a various factors.
Of course, much can change very quickly. It is anticipated profits for major shippers will also grow, as stocks are up. The situation is eerily reminiscent to 2021-2022, when the global supply chain crisis and delays increased costs dramatically.
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. million TEU on around 6313 container ships. Are they a cartel?
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. I suspect that electronics and componentry join ammunition and fuel as a marker of strategic resilience in due course.
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