This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
“ This event puts seafarers where they rightfully should be – at the centre of our focus, ” IMO Secretary-General Kitack Lim said in his welcome speech , reminding listeners that he also comes from a seafaring background. And they have to lead by example and walk the talk themselves, ” he emphasized.
These events also caused supply chain disruptions — although not all the effects may have been fully realized yet,” he said. Hurricane Maria, which slammed into Puerto Rico on September 20, 2017, is a prime example of a catastrophe that reverberates through supply chains. Economic situation can cause product or labor shortages.
Envase and Envase President Jim Hickman Sponsor Maritime & Intermodal Topgolf Charity Night. Recently Envase and Envase President, Jim Hickman, jointly sponsored the second annual Maritime & Intermodal Topgolf Charity Night supporting two charities doing essential work in the community.
The Federal Maritime Commission (FMC) issued an Advance Notice of Proposed Rulemaking (ANPRM), seeking comments from the trade (public) whether they should require common carriers and marine terminal operators to include certain minimum information with regards to demurrage and detention billings. Force majeure-related events.
For example, numerous ports are still severely congested today. Weather events will continue to impact in 2025. Gulf exporters that are shipping pretty much anywhere that goes via transshipment. The situation is not very different at destination ports either. Carriers were also advised that it wont be as easy as turning on a switch.
Did You Know That … Early examples of intermodal containers include railroads from 1830s (various sized containers), and Pennsylvania Railroad regular container service (1929). Example of the massive decrease in dock workers as a result of containerisation. Loading and unloading was particularly troublesome. Significance.
MTS Logistics today announced our 14th Annual Bike Tour with MTS for Autism, the largest biking event in shipping and logistics, taking place Saturday, June 8, 2024. Now in its 14th year, this annual charity bike event raised over $100,000 for autism acceptance last year.
The Global Institute’s Maritime Logistics Council, launched in China in April, has held its first meeting in North America. He told them that shippers had described the maritime logistics situation as "a black hole". One important shipper organisation to achieve accreditation from the institute during the Atlanta event was Home Depot.
Plus, extreme weather events and changing storm patterns challenge seafaring vessels. 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. from originally 3.5% as of January 1, 2020 [3].
MTS Logistics recently held an educational environmental training and cleanup event on the beach in Izmir, Turkey. We equipped every event participant – young and old – on how to be the change they want to bring to the world, and how to actually perform the steps needed to make a difference. We had a lot of fun.
If we’re going to be able to prepare for these types of events in future, we have to identify appropriate sources of information that we should focus on all the time — not just when [crisis] manifests,” said Randy Bradley, associate professor of information systems and supply chain management at the University of Tennessee.
Events like the blockage of the Suez Canal in 2021 have shown the vulnerability of global trade routes, pushing companies to seek more reliable shipping options. The Port of Long Beach, for example, is undergoing a $1.5 The International Maritime Organization (IMO) projects that global seaborne trade will grow by 3.4%
Maritime insurance executives estimate that 3,000 containers have been lost at sea over the past few months alone. For example, a recent maritime accident in December 2020 resulted in freight being held in Japan. Consider purchasing maritime insurance. What’s the reason for it? Here’s what you need to know.
A notable example of greenwashing is when McDonald’s introduced paper straws to reduce plastic pollution. With Apple’s big event last week, the company claimed that the new Apple Watch will be carbon neutral. Unless the new Watch has been designed to suck CO2 directly from the atmosphere, he jokes, it’s not actually carbon neutral.
For example , the Danish shipping company Maersk has said it is pausing all journeys through the Red Sea. The maritime industry often operates on extended timelines due to the nature of shipping contracts and the time it takes for vessels to move across oceans.
This maritime law principle requires both the ship’s owner and its customers to pay a proportionate amount of the costs associated with saving a vessel. In the current, disruptive environment, the odds that a major event will impact the smooth movement of freight from origin to destination have increased. Digitalizing the Experience.
That’s a massive problem for SMEs, for example, that last year might have been paying $4,000 to $5,000 (USD) to ship a 40-foot container from Asia to North America, and now face rates of $20,000 and above. The maritime shipping leg the country of export to the country of import. The domestic transport in the country of import.
In practice this means, for example, that all events related to electronics Bill of Lading (eBL) or Certificate of Origin (eCOO) are identical to the paper process, but signing, attaching, sealing and transferring are now tasks replaced by some clicks in a digital platform. . Digital Logistics. to manage all kind of tasks.
Things change easily and the logistics supply chain is still fragile and affected by unexpected events worldwide. The Covid Pandemic, Suez Canal attacks, Panama Canal drought, low water levels, and the Baltimore bridge collapse are just a few examples of current events which are changing the logistics supply chain’s common dynamics.
Billions of dollars’ worth of cargo is damaged or stolen every year, and insurance will mitigate your loss in the event of an incident. In the event that a ship suffers a major catastrophe, such as a fire, there is the principal of maritime law known as General Average. Hidden defects in goods. per $100 value.
Secretary of Defense Robert Gates was the main guest at the event and had a different threat in mind. One major example is semiconductors. I was at the TPM meeting back in early 2024. While everyone was mainly discussing the Houthi attacks on ships in the Suez Canal, Former U.S.
As always, all arriving ships must submit a Maritime Health Declaration (MDH) at least 24 hours before calling at the port with information on whether there is any disease or indications of disease on board. All events of the Port of Hamburg that are not absolutely necessary have been or will be called off.
For example, the New York Times is out with a new article on wind energy and how it can help shipping in the near future as climate change becomes a major focus. Additionally, wind turbines and related equipment can easily be damaged in tropical weather systems or certain weather events.
Gard quotes below live examples of cyber security incidents in shipping. 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.
And as climate change triggers an increased number of extreme weather events, organisations today rely on weather condition data to ensure their supply chains continue to run smoothly. Without the capacity to then quickly reroute vessels to reduce delays in trade routes, these events become increasingly difficult to overcome.
” A recent example of low water levels can be seen in the Amazon River. When we face decreasing or increasing water levels, extraordinary natural events, and disasters, these connections can quickly break. We saw this very clearly during the Covid pandemic.
It provides financial compensation to owner of the goods in the event of accident, theft, lost cargo, natural disasters, or severe weather conditions that may occur during the shipping process. A great example of the need for freight insurance is the current Red Sea crisis.
For example, the Drewry World Container Index showed that the current spot rate of $9,371 per FEU is nearly seven times what it was in 2019. Lars Jensen of Vespucci Maritime suggested to American Shipper that global demand for the beginning of 2021 is 4% higher than it was two years ago. Other data supports these patterns.
These are highly demanded containers in maritime traffic for fish and some delicate pharmaceutical products. Reefer Controlled Atmosphere: This type of container contains special internal equipment that allows a certain atmospheric pressure to be maintained in order to control, for example, the ripening processes of some fruits.
For an example of the negative effects this sort of delay can have, let’s look at perishable deliveries. For example, at C.H. An excellent logistics plan with an excellent logistics partner combine to ensure resiliency against even the most unexpected events. A risk management strategy is no longer a luxury.
For example, in effort to combat the scourge of some 6,000 weekly emails and phone calls about shipment changes, Maersk simply added on a $50 fee for manual changes in order to encourage digital bookings. For example, in a recent email, Maersk clarified that fixed upfront rates could only be consumed through the Spot API.
Chinese New Year is a one-week event, but most factories are closed for a month which means the interruption of new orders. We saw a good example of this when the carriers implemented additional fees during Covid at U.S. This is a temporary fee, and it would get removed when the risk is over.
Visitor registration is open for Intermodal Europe 2022 , the leading container shipping and intermodal transport event which returns 8 – 10 November to the RAI, Amsterdam. There are delays and bottlenecks, but the focus on driving efficiency to resolve these bottlenecks is a great example of the industry’s adaptability,” continues Press.
million per event. Statistics and Examples 1. However, supply chain disruptions caused by document delays or loss can have severe financial consequences for businesses. According to a 2020 analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 million per incident.
Shipping industry stakeholders have faced many of these events, and they have changed the shipping industry irrevocably, for good. One event after another pushed the overall supply chain to its limits. For example, the Port of Savannah went from one of the best-performing posts to one of the most-congested in a matter of weeks.
Land cargo insurance risks and events that occur on land. For example, shippers that knowingly and with foresight ship time-sensitive loads to ports that are congested. General average is a notion that had evolved from the maritime industry. We outline the most common types for your consideration. General Average.
Early examples of intermodal containers include railroads from 1830s (various sized containers), and Pennsylvania Railroad regular container service (1929). Example of the massive decrease in dock workers as a result of containerisation. Example of the increasing coordination between seaports as a result of containerization.
Billions of dollars’ worth of cargo is damaged or stolen every year, and insurance will mitigate your loss in the event of an incident. In the event that a ship suffers a major catastrophe, such as a fire, there is the principal of maritime law known as General Average. Hidden defects in goods. per $100 value.
Examples are pre-hiring and background checks. Goods origination, third-party security, foreign customs are examples. Examples are ERP for manufacturing, CRM for sales and operations, and TMS for transport management. Examples are tainted goods being carried to or substituted in retail outlets. Business partner.
Take Germany, for example: the “Trends in Logistics & SCM” study conducted by the German Logistics Association BVL in 2023 shows that cost pressure was the most important topic for decision-makers in 2016, but in 2023 it only ranks fourth. Things were different a few years ago. Sometimes very successfully.
The end of project report released today by the Decarbonising UK Freight Transport (DUKFT) Network, suggest several ways to overcome the chicken-and-egg problems associated with decarbonising road, rail and maritime freight transport.
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. CEVA gave as example, that the traditional Chinese New Year gift cards have gone online. It should – this is a perfect example of the Prisoner’s Dilemma.
It is about creating a planning process that is agile and flexible enough to integrate future events. For example, Chinese organizations that were exporting to the US may have seen a decline in the orders due to tariffs or the US organizations would have had to reduce quantities of goods imported from their Chinese counterparts.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content