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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.
PROTECT Group. It is understood that the policy document will be submitted to the IMO as a proposal for further discussion and dissemination. The full statement about the need for digitalisation in the maritime sector to be accelerated can be downloaded here.
VesselBot, a technology company that brings transparency to Scope 3 transportation emissions, has released the December 2023 edition of its comprehensive report titled ‘Decoding Maritime Emissions – Highs, Lows, and Green Leaders across global ocean routes.’
The safe carriage of Dangerous Goods requires several considerations, processes of approval, acceptance , carriage protocols and documentation. IMDG Code (International Maritime Dangerous Goods) is a code adopted by the Maritime Safety Committee of the International Maritime Organization by resolution MSC.122(75)
Heads of the world's leading associations for the world port community met recently in London at the Baltic Exchange to establish a stronger, unified voice of the port sector in the maritime industry as a whole. "It It is in the mutual interests of shipping and ports to cooperate more closely,” said ICS Secretary general Guy Platten.
Digitalization of documents, as well as blockchain-based solutions for many responsibilities and functions, is one of the main boosters of that disruption. 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. Digital Logistics.
The global shipping industry heavily relies on accurate and timely documentation, such as the Bill of Lading (BOL), to transport an astounding 11 billion tons of cargo annually. However, supply chain disruptions caused by document delays or loss can have severe financial consequences for businesses. million per event.
Whether digital or manual, the business of shipping involves a lot of documentation. Or forgetting the minus in -25° C when submitting the shipping documents to the shipping line or port. The Finished Product Name given by the client in the trade documentation could be Cover Girl Continuous Color Nail Polish. Image from : APL.
Maritime transport is essential to the world’s economy because more than 90% of the world’s trade is carried by sea. Guesswork about container location or estimated time of arrival costs the shipping industry as much as $20 billion annually , according to Boston Consulting Group. trillion globally.
428(98) on Maritime Cyber Risk Management in Safety Management Systems. Jakob Larsen, Head of Maritime Safety & Security for BIMCO said, “The DCSA implementation guidance provides a thorough and refreshing deep dive into the challenge of how to implement cyber risk management in a shipowner company.
CMI – The Comité Maritime International, is a non-governmental organization established in Antwerp in 1897 with the objective of unification of maritime law in all its aspects. Not just governments, but banks and insurers were also loathe to accept this form of trade documentation. The beginning.
The seven industry bodies dedicated to container safety, collaborating as the Cargo Integrity Group, highlight an independent study carried out by researchers at Italian University Politecnico di Torino into shipper and forwarder application of the CTU Code.
Four industry groups have collaborated to address the issue and produce best practice guidelines in the form of a White Paper and Warehouse Checklist. The tragic incidents in Tianjin and Beirut have marked a decade of increased concern over the safety of dangerous goods stored in ports, terminals and other warehousing facilities.
Three packaging groups (PG) are available to highlight the level of danger found within these hazard classes. If the products fall under category of consumer commodity, ORM-D is applicable and offers freedom from rules which consists of documentation and emergency response. Shipping Dangerous Goods by Vessel.
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. 428(98) on Maritime Cyber Risk Management in Safety Management Systems.
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. . But the shift to direct pricing and booking isn’t the only change.
ABC Analysis: A form of Pareto analysis applied to a group of products to enable selective inventory management controls. ABC Classification: The classification of inventory, after ABC analysis, into three basic groups for the purpose of stock control and planning. A items may also be of strategic importance to the business concerned.
Some European countries have their own separate regulations, however, such as the German Regulation on the Maritime Transportation of Dangerous Goods (GGVSee). For transportation within Europe, the sender must include the transport documents required by the legislator,” confirms Peter Koltai, head of transport logistics at Audi.
Bill of Lading (BOL) : A document between a shipper and carrier acknowledging the receipt of goods for transport and now available in electronic format (eBOL). Dedicated Fleet : A group of trucks that a shipper uses solely for moving all freight. All-in Line Haul: FSC + Line Haul. Dead-Heading: Operating a truck without cargo.
In addition to the Port Authority of Eastern Ligurian Sea, Tarros Group and Circle are main players involved in the project. IoT eSeals have been installed by Tarros Group and Circle in the last few days on containers loaded onto trucks. The first phase of the pilot project was completed recently.
International freight transport insurer TT Club welcomes the commitment by the group of container shipping lines that together operate nearly 70% of the world’s capacity. The initiative is consistent with the increased trend towards digitisation across the industry to improve efficiency and reduce costs.
Last month, Ocean Carrier Equipment Management Association (OCEMA), an industry group representing ocean carriers, announced that they will work with six major ports in the U.S. One consequence will be that unverified, unmeasured or incorrectly measured containers will be left the docks.
Dye also noted that it is imperative for shippers, motor carriers, and other stakeholders that can “document specific allegations and provide supporting materials of unreasonable port detention and demurrage practices and fees step forward and cooperate with the investigation.”. Jeff Berman, Group News Editor. About the Author.
The final session on Day Two of The Logistics Business Show sees speakers from Interroll, Damon Group and PC Data cover the subject of Materials Handling: Intralogistics Projects and Innovations at 15.00
And Maersk was far from naïve about cyber security, with Maersk Line being one of the first maritime organisations to publicly announce the appointment of a chief information security officer. Elsewhere, efforts are underway by various trade bodies and industry groups to establish guidelines, standards and support for cybersecurity.
The 2016 LPI report also forecasts a bleak future for sea freight, but expressed optimism for growth in air freight based on reports by Airbus Group which forecasts a 4.4 per cent annual growth through to 2034.
According to Fitch Group company BMI Research, 2018 will see a 4% growth in new vehicle sales in the UAE. Following two years of strong headwinds, there is now rising optimism for the UAE’s automotive sector. Its forecast for the MENA (Middle East and North Africa) region is for a 7.3%
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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.
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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.
Wen Rui, director of logistics, for VW Group in China, pointed out that the actual transport of the vehicles only accounted for 50% of the job, the other half of the time being taken up with communicating and dealing with various government agencies. Government coordination.
Wen Rui, director of logistics, for VW Group in China, pointed out that the actual transport of the vehicles only accounted for 50% of the job, the other half of the time being taken up with communicating and dealing with various government agencies. Government coordination.
Towards this objective, the International Maritime Health Association (IMHA) has reviewed the current evidence and is in the process of obtaining additional information on current practices around the world, along with the International Chamber of Shipping (ICS). million seafarers serving onboard ship.
It’s exciting to see our first steps into helping the industry publicly, from true intelligent freight document management to unified visibility, to a simple API that enables any development team in logistics to communicate directly with the blockchain itself. What a whirlwind it has been. And now, we are beginning to sell it.
BLG also operates the car terminal at Gioia Tauro port in Italy, the biggest ro-ro terminal in the country, where again, volume growth has been high thanks to new custom from FCA and VW Group, as well as the relationship with shipping line Grimaldi. Last year, GBA handled 1.8m The trade itself is not expected to change due to Brexit.”.
Customs measures include allowing imports to enter the free port custom sites with simplified customs documentation and a delay in paying tariffs. Critics have raised eyebrows that the opportunity to take advantage of laws not available in the wider economy stretches such a long distance from the core activity.
Executive Insights is a series by Shipping and Freight Resource that provides useful insights and thoughtful analysis on what is happening in the maritime, shipping, freight, logistics, supply chain and trade industries. If we look at our electronic documentation, personally I think that this has a tremendous impact to global trade.
Both ILA and USMX said they “encouraged local ILA and management groups to finalize local agreements by July 10, 2018, prior to full membership ratification votes by the ILA rank-and-file members and USMX.”. Supply chain disruptions arising out of previous contract negotiations are well documented. Jeff Berman, Group News Editor.
Eastern Daylight Time on or after September 27, 2024, and prior to May 14, 2026, importers shall submit 9903.91.09 of the HTSUS” The post Modifications to the Federal Register for U.S.-China China Trade: Fall 2024 Update appeared first on More Than Shipping.
Blockchain will revolutionise the industry from a security and traceability standpoint,” predicts William Ralph, a maritime economist with R.K. Today, even in a highly technical environment, around half of maritime bookings and bills of lading are entered manually, creating errors on up to one-third of shipping invoices.
Maritime analysts at Xeneta , a global benchmarking and market intelligence platform based in Oslo, Norway, note that carriers operating in the trans-Pacific have been able to make their general rate increases (GRIs) stick through early autumn. COSCO Group. CMA CGM Group. IRISL Group. X-Press Feeders Group.
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