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As the world continues to evolve, so too does the maritime shipping industry. Technology is revolutionizing the maritime shipping sector rapidly. As the maritimeindustry faces increasing pressure to reduce its environmental impact, technology is playing a pivotal role in shaping its future.
The logistics and supply chain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden.
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.
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.
Over an intensive 36-hour period, entrepreneurs, investors, maritime executives and tech leaders will collaborate to develop solutions that aim to transform the maritimeindustry
Digital Ship’s 4th Annual Maritime CIO Forum Rotterdam will investigate how we can harness all these opportunities and will debate which are going to stick and make a difference. We will ask how can we identify the real digital legacy in front of us and truly re-define digitalisation in maritime and transport. Website: [link].
This issue has revealed the weaknesses of the worlds maritime logistics system and has caused a number of problems for importers, exporters, and shipping companies. Those most impacted are industries that require strict timing, including automotive and electronics.
Increasing supply chain data visibility is a priority for logistics organizations looking to improve resilience. Supply chain recovery hinges on incorporating robust data analytics and other data-driven tools into business operations to increase efficiency, reduce costs and proactively manage risk.
Marc is a serial entrepreneur, specializing in applying advanced artificial intelligence and IoT to the supply chain industry. Fishtail is venture backed and already servicing and partnering with some of the biggest names in the industry. Learn More About The Fishtail Story. Marc on LinkedIn. Fishtail on LinkedIn. Funding press.
The landscape of maritime is shifting with the trends that are emerging do so out necessarily. Smart shipping, shipbuilding, big data, propulsion, advanced materials and analytics, sensors, robotics and communications in conjunction are all having monumental shifts in maritimeindustry are approaching new challenges and opportunities.
These bodies have called on regulatory bodies and the broader shipping, logistics, trade and supply chain industry to realise, acknowledge and recognise the benefits of using digital technologies in various ports around the world. PROTECT Group. have launched a call to action to achieve several objectives on priority.
According to a recent assessment, if China follows through on its threats to invade Taiwan, the maritimeindustry should prepare for a major crisis that would increase operational expenses, result in the loss of ships, and cause delays. billion per month.
Enterprise shippers have always been an integral part of the maritime shipping industry and its partnership with truck fleet management. And likewise, maritime transportation has been a dominant player in global transportation for decades. Take a look at 8 shipping challenges in the maritime, or ocean, mode.
Lauren is a seasoned maritime attorney and the founder of Squall Strategies , a boutique maritime consulting and legal solutions company and offers a wide range of consulting services to serve a variety of businesses and clients. Beagen is a seasoned maritime attorney and the founder of Squall Strategies, LLC.
The logistics industry is taking on a different shape and approach every day. The change is constant, and changes in the logistics industry come from multiple directions. The logistics industry controls and contributes to the economy of any country as they bring in foreign currency.
Right now, over just the past two weeks, a lot is happening in the world of maritime shipping. In general, it’s been a busy summer season, and no one knows exactly what will happen in the near and distant future, but for sure it will be a bumpy ride for the industry as change comes. Here is a round-up of what you need to know.
As the ongoing coronavirus pandemic continues to put downward pressure on the shipping industry, organizations have an obligation to operate more efficiently and profitably. Given this, shipping and maritime logistics are bound to largely benefit from Big Data as well as novel emerging digital technologies.
In response to complaints from the trade and market in general, the Federal Maritime Commission’s (FMC) focus has been on assisting US importers with several issues such as demurrage and detention , ocean carrier freight pricing , container dwell times etc. export shippers. markets. .
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.
Determining the current state of shipping industry news is similar to looking into a Magic 8 Ball – when you shake it and the water settles, the message says, “Future Remains Uncertain.” Shipping Industry News: The Good. The good news is that the shipping industry is doing better than expected.
A lot can happen throughout the year, but I have listed our biggest predictions for ocean shipping and the broader shipping industry in 2023 below. This is in parallel with overall expectations from other industries, as the status quo will be the same for many different sectors. Lower freight rates. Increased regulatory involvements.
Data centers, electric vehicle charging, and heat pumps are the major new loads for the power grid with new innovations in DC power networks. Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. GenAI is a major consumre4r of energy.
Gene Seroka, Executive Director of the Port of LA, is calling on people to cooperate and share data on logistics activities. He wants to see a bold information transformation, for the maritimeindustry and also for on-shore logistics. He was … Continue reading →
West Coast ports, a group of five California ports will partner to create a game-changing data-sharing system for seamless shipments. Working together, the alliance of California ports will seek to unify currently siloed data and solve visibility issues, a major reason for supply chain disruptions at U.S. In major news for U.S.
Federal Maritime Commission (FMC) went into effect, introducing new requirements for billing, timeframes, and the process for disputing unfair charges.The Container Payment Portal is designed to simplify compliance with these regulations,” said,Jason Drouyor, Director – Regulatory Affairs of Hapag-Lloyd. imports from any country.
RightShip, a leading environmental, social and governance (ESG) focused digital maritime platform, has today announced a partnership with Port of Sudeste, located in Itaguai, Rio de Janeiro, to start utilising RightShip’s Maritime Emissions Portal (MEP) for the first time in the Latin American region.
RightShip, a leading global environmental, social and governance (ESG) focused digital maritime platform, has today announced a partnership with Napier Port to implement RightShip’s innovative RightPort risk solution at the New Zealand port. The post Maritime Safety Enhanced for NZ Port appeared first on Logistics Business® Magazine.
According to the International Maritime Organization (IMO), a Maritime Autonomous Surface Ship (MASS) is defined as a ship which, to a varying degree, can operate independently of human interaction. They also provide the vessel with access to real-time data, such as maps, charts, and weather forecasts.
With the official departure from the European Union on 31st January 2020, followed by subsequent negotiations and agreements, the impacts continue to reverberate throughout the industry, raising questions about its future trajectory.
While still high, this number is the lowest since 1994 thanks to the efforts of the ICC International Maritime Bureau (IMB) who have played a pivotal role in raising awareness to make navigating the global waters safer. Source : ICC International Maritime Bureau (IMB). Alerting CSOs and vessel managers of incidents via email.
Recent data indicates that 2024 has had the best start for U.S. Source: Descartes Datamyne™ Transit Times The difference between ETA (estimated time of arrival) and ATA (actual time of arrival) serves as a crucial metric for evaluating the efficiency of transit times within the maritimeindustry.
“ Rising Rollover Rates Show Worsening Maritime Supply Chain Delays “ This is the summary of April’s container rollover statistics published by project44 the global leader in advanced visibility for shippers and logistics service providers.
Optimizing ports calls through better use of data, standardization of procedures and digitalization will also create a win-win situation for shipping and ports.". Optimizing ports calls through better use of data, standardization of procedures and digitalization will also create a win-win situation for shipping and ports.".
Since the end of the Covid pandemic, one of the dramatic results has been the increase in labor strife in the logistics industry. West Coast dockworkers to Canadian West Coast dock workers to UPS, there does not seem to be an end to the labor issues in our industry. Chamber of Commerce shows in their latest data that there are 9.8
1: Live ocean schedules and maritime news. CargoSmart nailed it with BigSchedule , a big-data portal that provides a bird’s-eye view on global maritime activity. Information is power…but despite best efforts, it’s hard to get in-depth professional news about the freight industry. Sensing a pattern here?
Manufacturers may ship their products across the globe, but they lack key data about shipment location and status as packages move from sea port to port. Maritime transport is essential to the world’s economy because more than 90% of the world’s trade is carried by sea. This lack of visibility is a costly handicap.
To examine supply chain management priorities, performance, and anticipated trends, APQC conducted its 10 th annual Supply Chain Management Priorities and Challenges research, including a survey of more than 350 supply chain professionals from around the world and across multiple industries. For more information on the research, click here.
Continuous technological progress has prompted the shipping industry to increasingly move toward its digital transformation over the years and embrace various initiatives to benefit supply chain actors, enable performance monitoring, and offer improved decision?support Collecting such data can help to optimize the supply chain.
Current market conditions are among the most difficult that the industry has faced in recent years. Identifying trends in the maritime market is also important, because increased ocean freight impacts domestic transportation markets as freight arrives on shore. Interested in getting an edge on your competitors? Request a SONAR Demo.
Port congestion poses significant challenges to global supply chains, maritime trade, and overall economic efficiency. AI-Powered Optimization for Port Operations Data-Driven Decision-Making: AI algorithms analyze historical data, real-time information, and external factors to optimize port operations.
As industry embraces ongoing innovation, the future holds the promise of a safer and more secure global supply chain. Access to reliable, real-time data also reduces the risk of fraudulent cargo insurance claims, leading to tangible cost savings through decreased insurance risks.
More Resources Home March 27, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. According to Vespucci Maritime, the port handled 1.1
shipzero enables transport and logistics companies to create transparency about their emissions data and manage decarbonization throughout the supply chain. The Hamburg-based data platform has received seven-figure growth funding for further product development and internationalization.
To take the damaging effects of marine vessels into account, the International Maritime Organization (IMO) reduced their allowable sulphur fuel emissions to just 0.5% Maritime traffic. A data capture facility scores the vessel on a variety of different measures, including environmental factors. from originally 3.5%
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