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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.
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.
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.
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.
In recent decades, women have made more progress than ever to challenge the status-quo in the maritime industry. First granted formal consultative status with the International Maritime Organization (IMO) in 2018, WISTA uses its unique role to promote diversity, inclusion, and women’s empowerment in the area of maritime shipping.
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. We had a great time at our event, it was a successful day.
According to a recent assessment, if China follows through on its threats to invade Taiwan, the maritime industry should prepare for a major crisis that would increase operational expenses, result in the loss of ships, and cause delays. Volume of container throughput via direct cross-strait routes in Taiwan in 2020, by port (in 1,000 TEUs).
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!
The 12th Annual Maritime Transportation Forwarding Logistics & Global Supply Chain Workshop will be staged by ABS Consulting in Miramar, Florida October 16 & 17. A major focus of the event will be trade compliance. In this exclusive interview, ABS president Albert Saphir shares his insights.
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 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.
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.
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.
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.
Speaking at a maritime/defense industry event, Senator Mark Kelly (D-Arizona), said that revitalizing the commercial maritime industry is going to be key in 21st-century efforts to counter China in the world’s oceans. ” So, what will Senator Kelly propose exactly to revitalize the commercial maritime industry?
The once-tranquil seas are undergoing noticeable transformations, with the impacts of rising temperatures affecting maritime operations. This imminent danger hits the core of maritime operations, namely the ports. Challenge 4: Insurance Challenges The rise of extreme weather events creates dilemmas for the insurance industry.
These events also caused supply chain disruptions — although not all the effects may have been fully realized yet,” he said. For example the The 2016 Hanjin maritime carrier bankruptcy left workers, ships, containers, and product stranded at sea and in ports around the world. Economic situation can cause product or labor shortages.
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.
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. economy over $2 billion per day. economy over $2 billion per day.
The guaranteeing association is held liable by that country’s customs for payment in the event of violations of the terms of temporary importation. They are Roanoke Trade and the Corporation for International Business, who issue carnets on their behalf.
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.
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.
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.
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.
Importers are already front-loading as it will cost them much more in the event tariffs are being implemented. Since this is coinciding with an early Chinese New Year next year, potential record shipment numbers for U.S. imports from China is on the horizon. warehouses rather than taking additional risks.
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. ,
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].
Last year, MTS Logistics raised over $80,000 for autism awareness through our Bike Tour event. Our community of businesses, employees, friends, and family came together to contribute to the cause of autism awareness, and we had a very successful event. Last year, our bike tour event had a real and lasting impact on autism awareness.
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.
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.
In the event of unsuccessful negotiations regarding the implementation of semi and full automation systems, the International Union of Port Workers, which represents 45,000 members, may resort to another strike. What challenges might American ports face over the subsequent two-month period?
The United Nations Conference on Trade and Development (UNCTD) said this regarding freight pricing: “Cargo volumes and demand for maritime transport services are usually the first to be hit by political, environmental and economic turmoil.
Maritime Hall of Fame, Fortune and American Heritage magazines, amongst others. Did You Know That … Early examples of intermodal containers include railroads from 1830s (various sized containers), and Pennsylvania Railroad regular container service (1929). Significance. Did You Know That … It wasn’t just about freight.
When the mega-ship Ever Given ran aground in the Suez Canal in March, it blocked vessels from using this vital maritime artery for six full days. An Egyptian court has ruled that the SCA has a right to arrest the vessel until it is paid,” Maritime Executive reports. The toll this incident has taken on global trade is incalculable.
MTS Logistics made its biggest impact yet in its quest for cleaner oceans and a cleaner world, with 150 kids joining our latest Clean Oceans Project event. The next generation – today’s kids and tomorrow’s leaders – got to learn a lot about the environment and conservation at this year’s event.
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 maritime industry from the Coronavirus outbreak are significant and growing, the human impacts are our greatest concern.
When the state of global trade was turned on its head in 2021, the number of protests began to skyrocket, as according to Crisis24, a maritime security consultancy, there were only nine such incidents in all of 2020. But being overworked through the pandemic isn’t the only thing keeping union bosses up at night. Slashing Jobs.
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 International Maritime Organization (IMO) projects that global seaborne trade will grow by 3.4% annually over the next five years.
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. The event caused considerable damage to the neighborhood, numerous injuries, and a brief suspension of port operations.
Climate Change and Extreme Weather Threats to maritime infrastructure and vessel operations could come from rising sea levels and more frequent extreme weather events. It will be necessary to employ adaptation strategies to lessen these effects.
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.
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.”.
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