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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. the world’s largest container shipping conference, now 23 years old.
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.
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].
The shipping industry for thousands of years has been male-dominated. In recent decades, women have made more progress than ever to challenge the status-quo in the maritimeindustry. Over the past twenty years, the shipping industry has seen itself transformed with a much-larger percentage of its workforce being filled by women.
Such events not only affect local economies but also create worldwide ripple effects, disrupting production and logistics. A significant portion of the countrys foreign trade depends on maritime routes, with Alsancak Port being one of the busiest in the Aegean region, handling approximately 169,000 TEUs annually.
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. The analysis quotes figures demonstrating that $3.4 billion per month.
The 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), an annual signature event for the industries jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), opened today, running online for the first time in light of the pandemic.
“ 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. To read the profiles of the seafarers on the webinar, please visit IMO’s World Maritime Day page.
This past Saturday, September 10th, MTS Logistics held its second annual Clean Oceans Project event. The event was held at Coney Island beach in New York City. We didn’t just want this to be a beach cleaning event. The ocean shipping industry is the sixth-largest emitter of CO2 gases.
is proud to announce that we have raised over $100,000 for autism awareness as part of its annual charity bike tour event, the company announced today. The event has been held every year for the past 13 years, with the exception of the Covid pandemic in 2020. Thanks to all of our sponsors who helped make the event a great success!
Widespread disruption to the worldwide supply chain was caused by the blast, which highlighted the significance of industrial safety procedures. The Event In Ningbo’s Zhenhai neighborhood, where one of the busiest ports in the world is situated, there was an explosion at approximately 8:57 AM local time.
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.
As discussed by many on More Than Shipping in recent weeks, demand in the global shipping industry has fallen to pre-pandemic levels. But it doesn’t fix the problems that the industry uncovered throughout the pandemic, nor provide job security for those who have been over worked in congested ports since 2020. Slashing Jobs.
Although we are unable to accurately predict the future, we are able to pinpoint some potential problems that the shipping industry may experience in the coming years based on current trends and difficulties. Also, automated and autonomous technologies have the potential to change the shipping industry and displace workers.
As discussed over the past eight months on More Than Shipping, support to reach a carbon neutral future for the shipping industry by the year 2050 has grown. Last week in London, Nigeria, Chile, and Vietnam were among countries calling for a net zero, or carbon neutral, goal for the shipping industry by the year 2050.
senator announced this week that he is working on new legislation that seeks to boost the commercial shipping industry, according to website Defense News. He went a step further, calling the commercial maritimeindustry an “economic and national security imperative.” A prominent U.S. First, the U.S.
In light of the global pandemic, the 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), an annual signature event for the industries jointly organised by the Government of the Hong Kong Special Administrative Region (HKSAR) and the Hong Kong Trade Development Council (HKTDC), is being held online for the first time.
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.
The Lifting Equipment Engineers Association (LEEA) will host the Lifting and Safety in Ports and Maritimeevent on 26th October 2021 via Zoom. Lifting and Safety in Ports and Maritime is open to anyone who will find this event helpful or works in the ‘wet logistics’ industry, including the maritime and ports sectors.
The once-tranquil seas are undergoing noticeable transformations, with the impacts of rising temperatures affecting maritime operations. From restructuring trade routes to adhering to strict regulations, the shipping industry faces a host of new challenges as it seeks ways to a more sustainable route.
The master labor contract between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) is set to expire on September 30th. To understand the potential economic impact, it’s helpful to revisit past events. Meat Industry Losses: The U.S. economy over $2 billion per day.
The CEOs of leading global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO), the global regulator, to create the regulatory conditions to accelerate the transition to green fuels and maritime decarbonization.
In 2017 losses incurred from catastrophes such as hurricanes, wildfires, and earthquakes could make it one of the costliest years in history for the property insurance industry, Savitsky noted. These events also caused supply chain disruptions — although not all the effects may have been fully realized yet,” he said.
policy is over, and all industry stakeholders are positioning themselves according to the potential disruptive policies in the horizon. Importers are already front-loading as it will cost them much more in the event tariffs are being implemented. Now, the U.S. elections, perhaps the biggest unknown out of these, is over.
.” In a recent video message to union members, shared during the September meeting, Dennis Daggett, executive vice president of the ILA and son of Harold Daggett, described automation as a “cancer” in the port industry. What challenges might American ports face over the subsequent two-month period?
In this captivating article, we delve into the annals of history to explore the most important events that paved the way for the extraordinary development of logistics as we know it today. Their extensive network of ports, warehouses, and trading posts revolutionized maritime logistics.
New research has found that the maritimeindustry remains an “easy target” for cybercriminals, and that the cost of attacks and demand for ransom payments across the sector have skyrocketed over the past 12 months. The research was carried out by the maritime technology research agency Thetius.
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 forthcoming Asian Logistics, Maritime and Aviation Conference (ALMAC) is the important thought leadership event of its kind in Asia, which brings together industry professionals from all sectors along the supply chain and shippers, to exchange latest market intelligence and explore business opportunities around the world.
Industry elites examine opportunities amid volatility at virtual event The 10th Asian Logistics, Maritime and Aviation Conference (ALMAC), an annual signature event for the industries… The post Asian Logistics, Maritime and Aviation Conference opens appeared first on 24/7 Customs Broker News.
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. Responses from the Shipping Industry In response to these challenges, the shipping industry is making significant adjustments: 1. annually over the next five years.
Department of Transportation Maritime Administrator Admiral Ann Philips and U.S. ” The new project is critical for future port growth and black-swan events. ” The new project is critical for future port growth and black-swan events. To celebrate the important milestone in the port’s expansion, U.S.
a New York-based freight forwarding and logistics company, announced that its 14 th Annual Bike Tour with MTS for Autism event, held on Saturday, June 8 th , raised over $120,000 for autism awareness and acceptance that will help provide job opportunities for young adults with autism. NEW YORK, NY – June 11, 2024 – MTS Logistics, Inc. ,
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.
Weather events will continue to impact in 2025. Carriers were also advised that it wont be as easy as turning on a switch. The transition will be slow, and it may take up to 90 days to transition from the Cape of Good Hope to Red Sea routings.
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].
In some cases, bad weather or political events may delay product shipments. Maritime transport is essential to the world’s economy because more than 90% of the world’s trade is carried by sea. Data suggests that the supply chain industry is ready to gain greater visibility into the chain through Internet of Things devices.
Over 90-thousand cases of Coronavirus (COVID-19 ) have been confirmed globally, disrupting everything from Italian sporting events to the global supply chain. While the global economic impacts to the port and maritimeindustry from the Coronavirus outbreak are significant and growing, the human impacts are our greatest concern.
Due to this craze of networking, there is a separate industry which is formed around logistics businesses: freight forwarding networking. Is freight forwarding networking helping or hurting the industry? Should you be networking in the freight forwarding industry?
One visionary, Malcom McLean , features prominently in the industry’s development. But the modern shipping container has changed much more than one industry. Once the concept was validated, the container shipping industry grew exponentially in the 70s and 80s. The History of the Shipping Container. Significance. Significance.
Also, the events in the past three years were a huge learning experience for the importers who otherwise haven’t paid this much attention to ocean freight rates and contract negotiations. The ongoing conflict between Russia and Ukraine, the Middle East conflict, and other major global events add further complexity to global supply chains.
Our business development & leadership teams have been all over the world, attending major blockchain conferences and hosting a suite of events specific to shipping and logistics. As a company, we are extremely excited about the role our technology and our community is playing in the freight and logistics industry. Tech Updates.
Over $80,000 was already donated to Spectrum Works , a nonprofit that provides job training and employment to young adults with autism and builds inclusive workplaces, and MTS Logistics expects to top $90,000 or more by the June event. To learn more about the event, click here. It was a great pleasure to work together for this cause.”.
Our business development & leadership teams have been all over the world, attending major blockchain conferences and hosting a suite of events specific to shipping and logistics. As a company, we are extremely excited about the role our technology and our community is playing in the freight and logistics industry. Tech Updates.
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