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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.
Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. Adoption of Sustainable Fuels: For aviation and maritime logistics, sustainable fuels like biofuels and hydrogen provide feasible alternatives when electrification is impractical.
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.
The statement also calls on all stakeholders to cooperate on the development of platforms for the exchange of data and “smart working” along the entire supply chain, backed up by capacity building initiatives including workforce training and the introduction of enhanced cybersecurity provisions.
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.
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. The present paper will also consider the causes and effects of port congestion in ocean freight, as well as the existing and potential solutions to this problem.
FreightWaves SONAR is adding to its upstream view of the supply chain with the expansion of its maritime visibility solution. SCA measures maritime container shipping activity by using three primary components: Ocean container spot rates, which cover most of the world’s highest volume lanes. The data comes from Freightos and Drewery.
So, going into 2025, I would like to focus on current congestion data, global trends and what U.S. So, planning in advance, choosing the right partners that present options, doing an actual cost analysis, and keeping customers educated will be the key to overcome the challenges faced in 2025.
It’s human nature to want to start a new year with new goals—the ever-present new year’s resolutions. Having visibility across the entire supply chain can help leaders anticipate and mitigate some risks and make quicker, data-driven decisions in the face of uncertainty. Supply chain visibility emerged as a close second for 2024.
But improved data forecasting and more predictable supply chains have become a boon for ocean freight, leading to an increase in ocean shipments at the expense of their more expensive aerial counterparts. Data based on quotes generated using Freightos AcceleRate. What’s working for ocean freight (and what isn’t).
The steady growth of exports and imports presents major logistical and technical problems worldwide. Given this, shipping and maritime logistics are bound to largely benefit from Big Data as well as novel emerging digital technologies. Today, more than 80% of the world’s goods transport is handled by sea.
Ship agents and ship brokers constitute a substantial part of the work force in the maritime sector. Whilst exact numbers are hard to find, ship agents are present in every commercial port in the world and medium-sized ports and upwards will have many. Challenges and opportunities of today and tomorrow for ship agents and ship brokers.
There are a handful of theories that seek to explain the unexpected change, but none of them can be hailed as the one true answer at present. This would require a return to confidence in their demand planning, something that has been largely absent since 2020, but it does line up with the current maritime narrative.”
However there are still several incidents of such cargo misdeclaration including hazardous goods which have caused several maritime disasters. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air.
Department of Transportation (DOT) has added three major West Coast ports to its data-sharing supply chain platform. The surge comes as contract negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance have stalled, with the current agreement set to expire on September 30.
The global maritime and transportation industries have long played a vital role in facilitating the movement of goods and people across borders, writes Captain Steve Bomgardner, VP Commercial Markets, Pole Star Global. What other advanced features does maritime intelligence have to combat this issue? What types of DSP’s are there?
Those industries include data communications, medical, industrial, automotive and consumer electronics. The company is present in 38 nations and has more than 40,000 employees. The data from Infor Nexus also helps the transportation teams do better carrier sourcing. One of the keys to better visibility is data quality.
Decarbonisation of the global maritime industry could support the creation of up to four million green jobs by 2050. Based on Green Jobs and Maritime Decarbonisation , new analysis by the Global Maritime Forum and Arup. trillion of infrastructure investment.
TechTarget defines cyber security as “the body of technologies, practices, and processes designed to protect computers, programs, networks and data from damage, attacks or unauthorized access. 428(98) on Maritime Cyber Risk Management in Safety Management Systems. In the context of computing, the term security implies cyber security.”.
The main concept behind these digital services is the possibility of managing all the necessary documents and data with multiple parties in one single platform. In terms of data and documents, we can identify three groups of functionalities: · Assemble: generation and management of compliant shipping and trade information.
By doing this, you can run a day or a week in the life of your operation and get back data on its performance capability. If you are using warehouse simulation as an improvement tool to current operations, the first step is to create an exact computer model of your present end-to-end processes. Staffing requirements. Material handling.
Customs Maritime Import Shipments on a monthly basis. This data can show you how importers are choosing to route their shipments. The time period for the SONAR chart is from January 2020 to the present. SONAR US Customs Maritime Import Shipments (CSTM). The SONAR chart above shows a 7.8%
In the weeks following the Damco brand subsumption, DB Schenker released a press release that referenced the Damco changes: “The last thing shippers need at present is further uncertainty”. Beyond the pricing and underlying ocean freight control, on display in this interchange, Maersk wields three less obvious advantages: Data.
Not long ago, there was still heavy physical paperwork involved in some certain shipment types – you had to produce physical paperwork and present it to authorities to get your shipments released. We’ve seen technological enhancements in the means of visibility, tracking and tracing, and managing everything under one platform.
Despite all these issues, cargo handled has rose a whopping 22% in the period of December 2021/January 2022/February 2022 compared to the December 2020/January 2021/February 2021 period according to data from the Port of Houston. So no matter how farfetched it may seem, the solution might be that farfetched option that you are presented with.
Starting with the Red Sea, ocean expert Lars Jensen, of Vespucci Maritime, argued that the disruption is really a challenge, not a crisis. Judah Levine Head of Research, Freightos Group Judah is an experienced market research manager, using data-driven analytics to deliver market-based insights.
In 2020, the United Nations Conference on Trade and Development reported that worldwide maritime trade was expected to drop by over 4 percent due to the pandemic. At present, shipping companies around the globe are now dealing with a significant employee shortfall in hiring and retaining crew members due to the Russia-Ukraine war.
And most recently, we attended Data CIO in Dubai, where we won the Business IT Innovation Award. . His Excellency Khamis Juma Buamim presented the award to John himself! But, we should be proud of how far along our platform is, considering much of what was presented is still being concepted, or barely passing functional testing.
And most recently, we attended Data CIO in Dubai, where we won the Business IT Innovation Award. . His Excellency Khamis Juma Buamim presented the award to John himself! But, we should be proud of how far along our platform is, considering much of what was presented is still being concepted, or barely passing functional testing.
The trade fair’s supporting program connects business, politics and research in expert presentations, panel discussions and interactive formats. Forums highlighting the main topics of sustainability, infrastructure, digitalization and supply chain solutions will present knowledge from key players and newcomers.
From now on, users can use sea routes in their mapping, enabling them to visualize their maritime transport and set up routing restrictions to ensure routes avoid specific areas. Additionally, the geographical data precision is enhanced with the inclusion of Nomenclature of Territorial Units for Statistics (NUTS).
Oceaneering International has launched a new business, OceanSMART Cargo Logistics and Maritime Technology, which aims to eliminate waste and increase transparency within the bulk commodity cargo logistics industry. This environment results in delays, reactive decision making, unnecessary risk, excess cost, and other environmental impacts.
While keeping over-tired truck drivers off the road is certainly a worthwhile goal, providing an adequate amount of safe truck parking spaces still presents a problem. More drivers responded to the survey increasing the data pool by 43% (11,696 participants). Nationwide, the shortage of safe spaces for truck parking is on the rise.
Poor data quality can lead to these costly fees with damaging ramifications. 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.
For shippers, carriers and logistics providers, the JOC ’s TPM (Trans-Pacific Maritime Conference) is one of the must-attends on the annual events calendar. I caught up with one of Freightos’ delegates after the conference and scoured through the presentation material for insights. Five Key Takeaways From TPM 2016. It should.”.
It’s no longer enough to provide copious amounts of data — planners must use the data to draw conclusions about future risks and opportunities. To put it simply, there’s no time like the present to streamline the supply chain with the evolving global business, economic, political and social scenario.
Port of Los Angeles and GE Transportation launch solution to digitize maritime shipping. The dashboard also integrates real-time traffic flow and incident data, and flags safety hazards. “By UPS Revs Up Customer Experience, Integrates Chatbot With UPS My Choice. Werner Launches Final Mile Solution (Truckinginfo).
“We believe in accelerating the digitalisation of the entire global supply chain across all modalities and have seen the rise of data aggregators who offer a proxy for visibility by bringing together different data sources. But it doesn’t compare to live, real-time asset and cargo data.
And of course, this can only be done on the basis of the right data and insights. Lack of data and insights Being able to measure Scope 3 CO2 emissions is a challenge. Typically, companies do not have sufficient data or fail to extract the right insights from that information.
Digitalisation of data. To mark the occasion of passage of the 100,000th trailer, David Margueritte, President of Cherbourg Port, and Cillian Rossi, representing the Irish Embassy, presented the lorry driver with a typically Norman gift, a large basket of delicious local Cotentin products.
For these systems to offer the most to military logisticians, there is the issue of data management that we must eventually come to terms with – who owns it, when it can be used and for what reason – including ownership of the algorithms that may ultimately make decisions formerly the purview of military commanders.
Fixing global supply chains requires trust and transparency; digital technologies and platforms deliver this through the ability and opportunity to share real-time data. 2023 presents opportunities for new trading routes to open up as many markets are shifting from their traditional ones.
Nail Polish : day to day product present in almost all households and should be harmless for shipment. The Finished Product Name given by the client in the trade documentation could be Cover Girl Continuous Color Nail Polish.
Based in San Francisco, Shone is specialized in applying AI technology for maritime transportation. CMA CGM will help Shone to take onboard data collection systems, which will be studied at the startup’s headquarters in San Francisco.
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