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As the world continues to evolve, so too does the maritime shipping industry. Technology is revolutionizing the maritime shipping sector rapidly. As the maritimeindustry faces increasing pressure to reduce its environmental impact, technology is playing a pivotal role in shaping its future.
The logistics and supply chain industry is a critical component of global trade, responsible for moving goods and materials efficiently to meet consumer and business demands. Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden.
where he leads efforts in bringing cutting-edge tracking and security solutions to the supply chain industry. He attended the Federal Law Enforcement Academy in 2005, later becoming a Maritime Enforcement Specialist. About Dan Hendrix Daniel Hendrix is the Director of Business Development for Bloodhound Tracking Device, Inc.,
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.
The progress report follows Ship It Zero’s 2023 Report Card , where the campaign graded more than two dozen retailers and shipping carriers on their efforts to decarbonize and develop zero-emission fuels for maritime shipping. I KEA earned a B+ in our 2023 Decarbonization Report Card and was the highest scoring company overall.
This issue has revealed the weaknesses of the worlds maritime logistics system and has caused a number of problems for importers, exporters, and shipping companies. Those most impacted are industries that require strict timing, including automotive and electronics.
The maritime transportation industry is undergoing significant transformation, driven by the increasing need for cost reduction, enhanced operational efficiency, and growing competition within the global supply chain. Gemini is a major development in the global shipping industry.
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.
In this article, we take a closer look at maritime competition in Asia by examining the maritime picture for 2021-2024, using indicators such as maritime connectivity, port throughput, and container fleet size. As expected, this analysis reveals why China stands out as the most powerful maritime nation by a significant margin.
Maritime Alliance (USMX) broke down. The ILA views automation as seeking to eliminate unionized port workers, while the USMX and other parties view it as helping the industry modernize and improving streamlined port operations. The International Longshoremen’s Association (ILA) has paused its ongoing contract negotiations with U.S.
West Coast port terminal operators and shipping companies represented by the Pacific Maritime Association (PMA) and the dockworkers represented by the International Longshore and Warehouse Union (ILWU). ” Contract negotiations play a pivotal role in shaping the dynamics of various industries, and the maritime sector is no exception.
Marc is a serial entrepreneur, specializing in applying advanced artificial intelligence and IoT to the supply chain industry. Fishtail is venture backed and already servicing and partnering with some of the biggest names in the industry.
The Indian government is moving forward with plans to launch a new container shipping line named Bharat Container Line, signaling a significant development in the nation’s maritime strategy. What are the specifics of Indias new plans for transforming the countrys shipping landscape?
Lauren is a seasoned maritime attorney and the founder of Squall Strategies , a boutique maritime consulting and legal solutions company and offers a wide range of consulting services to serve a variety of businesses and clients. Beagen is a seasoned maritime attorney and the founder of Squall Strategies, LLC.
In a pointed response to the government’s newly published industrial strategy, trade association Logistics UK has criticised the glaring omission of logistics from the list of eight sectors identified as growth drivers for the UK economy. Billion from the Industry by 2049! Read Similar… Freight Crimes Could Drain £6.1
Perez has established a strong leadership presence in the logistics industry. Mr. Perez’s commitment to the industry extends to active roles on the board of the Council of Supply Chain Management Professionals (CSCMP) and as President of the Board of Directors of GS1 Panama.
government, through the Federal Maritime Commission, has designated a Chinese government-affiliated shipping carrier as a controlled carrier. In its latest update on February 27th, the Federal Maritime Commission published an update to its Controlled Carrier List.
The climate change crisis has become a top priority for nations worldwide affecting everyone and all industries and therefore it is no surprise that governments are working to cut carbon emissions wherever possible. We take a deeper look at some of the ways to decarbonise the shipping industry. Alternative Fuels.
The demand for action on underwater radiated noise from ships has significantly increased over the last few years, due to its negative effects on marine creatures and the environment.
He is a globally experienced leader in the maritimeindustry with extensive operational experience and a proven track record of growing businesses and creating long-term value for customers and stakeholders. Prior to that, he was the CEO of Global Container Terminals. Learn More About The Port of Virginia. Stephen’s LinkedIn.
Right now, over just the past two weeks, a lot is happening in the world of maritime shipping. In general, it’s been a busy summer season, and no one knows exactly what will happen in the near and distant future, but for sure it will be a bumpy ride for the industry as change comes. Here is a round-up of what you need to know.
ESG is an emerging concern for the maritimeindustry. For the maritimeindustry, the S is many … Continue reading → And often the focus is on the E for environment. But the S for social good is equally important, and demands more attention.
As trade has dramatically increased, the need to reduce emissions from burning fuel has become a leading global problem for the maritime shipping industry. For energy efficiency and cutting the emissions, new types of ships being worked on in the industry. There are many solutions at hand to reduce emissions from ships.
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. If a strike similar to the one in the U.S. were to occur at Alsancak Port, the consequences for Turkeys economy would be severe.
As we approach the conclusion of 2023, the maritime shipping industry faces challenges that have impacted ocean carriers with declined profits and increased price-driven competition. However, here is my take in terms of what to expect for ocean shipping and in the broader shipping industry.
A game-changing infrastructure project in the world of maritime transportation, the Stad Ship Tunnel is a planned canal and tunnel that will bypass the Stad peninsula in Stad Municipality, Vestland County, Norway. Once completed, the tunnel will provide a safe and efficient passage for the maritimeindustry.
A lot can happen throughout the year, but I have listed our biggest predictions for ocean shipping and the broader shipping industry in 2023 below. This is in parallel with overall expectations from other industries, as the status quo will be the same for many different sectors. Lower freight rates. Increased regulatory involvements.
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.
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.
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.
There are no easy answers in the search for fuels that will help achieve the International Maritime Organizations net zero greenhouse gas emissions target for the industry by mid-century.
Geographically it is well-positioned for the maritimeindustry of the Baltic Sea. Klaipeda is in Lithuania, the only substantial port in that country. A map is instructive. Lithuania is close to Russia on the east, and Sweden on the west, … Continue reading →
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.
Widespread disruption to the worldwide supply chain was caused by the blast, which highlighted the significance of industrial safety procedures. Similar to numerous other incidents, this one emphasizes the necessity of striking a balance between industrial growth, safety, and environmental care.
The program is designed to give women- and minority-owned small businesses the chance to learn the skills needed to work and grow within the maritimeindustry.
The industry continues to evolve through technological advancement, yet remains fundamentally driven by the age-old principles of maritime trade – connecting markets, enabling commerce, and keeping the wheels of global economy turning through the power of sea-based transportation.
South Korea-based Hyundai Merchant Marine (HMM) is now a controlled carrier, per the Federal Maritime Commission (FMC). HMM is the latest shipping line to be added to the list. The FMC made the addition to its controlled carrier list due to HMM’s close connections and collaboration with the government of South Korea. based companies.
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. According to the paper “West Coast Longshoreman Strike Synopsis—The Bad, the Ugly, and the Uglier” published by The Maritime Law Association of the U.S.,
The main objectives of the bill, according to Klochubar and Thune, is to update federal regulations for the global shipping industry, adding that the bill “would level the playing field for American exporters by making it harder for ocean carriers to unreasonably refuse goods ready to export at ports, and it would give the Federal Maritime Commission (..)
As we have seen, in the last 5 odd years, the global shipping and maritimeindustry has gone through several disruptions both natural and otherwise. Pandemics, canal blockages, droughts restricting transit, attacks on cargo ships, bad weather, ship fires, and containers falling off ships.
The Ryan Air CEO Michael O’Leary said in his 30 years in the industry he has never seen capacity constraints to the current extent. CEO Jeremy Nixon highlighted the urgent need for the maritimeindustry to address climate change, citing its impact on operations. They will probably come now in January and February.
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