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Difference between Maritime, Shipping, Freight, Logistics and Supply Chain

Shipping and Freight Resource

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.

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Maritime Market Madness

FreightWaves SONAR

Well, the maritime market is in the middle of its own “August madness.” The maritime market madness has caused some retailers to wonder if Christmas is going to be canceled. The pressure in the maritime market has been caused by numerous factors including: Historically high U.S. You’ve heard of “March Madness.”

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Maritime Law

Globalior

Maritime Law Maritime law deals with the treaties, conventions, and laws related to nautical matters, especially private maritime business. Important Points: Maritime law deals with private maritime issues, offenses, disputes, and other similar matters. Originally, admiralty laws were specific to the Royal Navy.

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Progress Has Been Made on U.S. West Coast Port Labor Negotiations

MTS Logistics

West Coast dockworkers, has advised that they have reached a tentative agreement with the Pacific Maritime Association (PMA) which represents the shipping lines and terminal operators, on certain key issues. The negotiations will continue until they reach a definitive pact. The negotiations cover 29 U.S.

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Ocean Freight Contract Season: An Overview and Key Components

MTS Logistics

Important Components of Contracts for Ocean Freight The negotiation of rates and prices is a fundamental component of maritime freight contracts. ” He then added, “Right now, it’s definitely not the preferred option.” So as soon as they expire, shippers may need to ship all that product on the spot market.

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The role of ship agents and shipbrokers in a digital shipping environment

Shipping and Freight Resource

DEFINITELY NOT AN EASY OR SMALL JOB AND CERTAINLY NOT FOR THE FAINT OF HEART. ALSO DEFINITELY NOT AN EASY OR SMALL JOB AND CERTAINLY NOT FOR THE FAINT OF HEART. Ship agents and ship brokers constitute a substantial part of the work force in the maritime sector.

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IMO 2020 and Oil Prices in Shipping

MTS Logistics

IMO 2020 is a regulation set by the International Maritime Organization that states that as of January 1, 2020, the sulfur emissions of all maritime vessels must be limited to 0.5% Shippers don’t need to make any drastic changes to their process, but they do have to be aware of the price volatility will definitely take place in 2020.