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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.
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.
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.
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. The present paper will also consider the causes and effects of port congestion in ocean freight, as well as the existing and potential solutions to this problem.
These bodies have called on regulatory bodies and the broader shipping, logistics, trade and supply chain industry to realise, acknowledge and recognise the benefits of using digital technologies in various ports around the world. PROTECT Group. have launched a call to action to achieve several objectives on priority.
Enterprise shippers have always been an integral part of the maritime shipping industry and its partnership with truck fleet management. And likewise, maritime transportation has been a dominant player in global transportation for decades. Take a look at 8 shipping challenges in the maritime, or ocean, mode.
Determining the current state of shipping industry news is similar to looking into a Magic 8 Ball – when you shake it and the water settles, the message says, “Future Remains Uncertain.” Shipping Industry News: The Good. The good news is that the shipping industry is doing better than expected.
Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. The rise of renewable energy sources presents new challenges for grid stability and reliability, as these power sources are inherently intermittent.
This article gives both sides of a discussion on the importance and readiness of the maritime and shipping industries for an electronic bill of lading. One point made in the article by forwarders is that in the present market, changes … Continue reading →
As the ongoing coronavirus pandemic continues to put downward pressure on the shipping industry, organizations have an obligation to operate more efficiently and profitably. The steady growth of exports and imports presents major logistical and technical problems worldwide.
Chancay Port Terminal, set to be the deepest port in Latin America, will present Peru with a range of commercial connectivity opportunities. With a depth of approximately 18 meters, the port will be capable of accommodating ships 400 meters long and 60 meters wide, with an 18,000-container capacity.
The ongoing negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX), might not reach a resolution before the current contract expires tonight, September 30th. East and Gulf Coast ports presents a serious risk to the U.S. economy and global trade.
Most importantly, shippers/customers do not need to be physically present at either origin or destination to book their cargo, paving the way for the future. The power of technology growing into this industry will only continue from this point forward.
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.
Maritime & Trade Operations relayed a statement from a Company Security Officer confirming damage to the vessel but assuring the safety of its crew, who are proceeding to their next port of call. The rebels boasted of the attack’s precision, claiming to have hit the vessel, Cyclades. According to U.S.
The munitions industrial base is a segment of a nation’s defence industrial base and the primary producer of military munitions. The forms of the munitions industrial base take up many forms and depend on the country. Major problems, such as industrial accidents, can easily halt production. Manufacturing. Conclusion.
In the pursuit of environmental sustainability, digitalization, operational and commercial efficiency, and collaborative practices the containerized fleet and the industries commercial practices have been radically modified over a significantly short period of time. This begs the question is bigger always better and what alternatives exist?
So, planning in advance, choosing the right partners that present options, doing an actual cost analysis, and keeping customers educated will be the key to overcome the challenges faced in 2025. We are cautiously positive that the situation will be better than last quarter of 2024.
The Global Institute’s Maritime Logistics Council, launched in China in April, has held its first meeting in North America. A group of council members presented the ideas behind the initiative during the Eyefortransport Outsourcing Logistics and 3PL Summits held in Atlanta at the end of June.
Determining the current state of shipping industry news is similar to looking into a Magic 8 Ball – when you shake it and the water settles, the message says, “Future Remains Uncertain.” Shipping Industry News: The Good Let’s start this update on the most positive note.
However there are still several incidents of such cargo misdeclaration including hazardous goods which have caused several maritime disasters. As a result, TT Club commissioned Exis Technologies to develop e-learning training courses for the transport industry; CTUpack e-learning ?.
Overcapacity (to the tune of 10% of the industry’s container capacity as surplus space) and fierce competition pushed South Korean ocean carrier Hanjin into bankruptcy on August 31st 2016, triggering a price uptick that held steady throughout the September holiday shipping surge. An ocean carriers need all the volume they can get.
Some new IMO regulations in the shipping industry went into effect earlier this year. January 1st, 2023 marked the starting date of some new regulations drafted by the International Maritime Organization (IMO), a branch of NATO, to significantly reduce carbon emissions by large oceanic shipping vessels over time.
Today on Labour Day, we pay tribute to these brave souls, the backbone of the maritimeindustry. However, at present, many of them have completed their contracts but aren’t able to get home due to port closures, unavailability of flights, restricted crew changes, and a host of other obstacles. About the Author.
INFORM, a leading provider of intelligent AI and optimization software solutions, will showcase its proven optimization add-on solutions for maritime and intermodal terminal operators at the upcoming TOC Europe conference in Rotterdam, the Netherlands.
It’s human nature to want to start a new year with new goals—the ever-present new year’s resolutions. Interestingly, observing respondents by industry shows that no two industries prioritize their supply chain investments in exactly the same order. For more information on the research, click here.
The food and beverage industry is especially susceptible to supply chain bottlenecks. The food and beverage industry is especially susceptible to supply chain bottlenecks. A new report looks at what the industry is doing to mitigate risks. It looks like it will be maritime operations. Listen To The Podcast Below.
Ship agents and shipbrokers have been active in the industry since the beginning of commercial shipping and that coffee shop in London and have been playing an important role in the provision of services to various ship and cargo owners. Ship agents and ship brokers constitute a substantial part of the work force in the maritime sector.
The global maritime and transportation industries have long played a vital role in facilitating the movement of goods and people across borders, writes Captain Steve Bomgardner, VP Commercial Markets, Pole Star Global. What other advanced features does maritime intelligence have to combat this issue? What are the red flags?
However, freight shipping is the one activity that presents significant barriers to overseas-market entry, as you may have discovered if your business is starting to look across international borders for its next step in expansion. The maritime shipping leg the country of export to the country of import.
Multiple teams were present with several small boats pulling up alongside the massive ship. In a statement, an FBI spokesman said: “The FBI is present aboard the cargo ship Dali conducting court authorized law enforcement activity.” What exactly is the FBI investigating regarding the Baltimore bridge incident?
Decarbonisation of the global maritimeindustry could support the creation of up to four million green jobs by 2050. Based on Green Jobs and Maritime Decarbonisation , new analysis by the Global Maritime Forum and Arup. trillion of infrastructure investment.
Fleet Overcapacity The container shipping industry has experienced significant growth in recent years, leading to an increase in vessel capacity. However, the economic slowdown has left many shipping companies with excess capacity, exacerbating the problem of overcapacity in the industry. Source: Clarksons, ING Research 3.
From the past to the present, the logistics transportation industry has made great progress. However, although there has been the development of technological equipment, inclement weather is one of the toughest challenges businesses in the shipping industry will face.
Editor’s Note: This is a blog by one of our affiliate partners, Global Vision Group , a Federal Maritime Commission licensed Non Vessel Operating Common Carrier (NVOCC) and Ocean Freight Forwarder (OFF). All modes of the logistics industry are seeing a shortage of drivers. Has your freight been diverted to Korea for two weeks?
Across all industries, women are stepping into leadership roles previously only held by men. What is the history of women in the supply chain industry? Hosting professional development workshops and networking events provides additional growth opportunities and vital industry connections. during World War II.
Cyber-attacks on the maritimeindustry’s operational technology (OT) systems have increased by 900% over the last three years with the number of reported incidents set to reach record volumes by year end. The post Maritime Cyber Attacks “Up by 900% in Three Years” appeared first on Logistics Business® Magazine.
The bill of lading is a crucial document in the shipping industry, serving as a receipt of goods, a contract of carriage, and a document of title. Environmental Sustainability Drastically reduces the consumption of paper, contributing to a more sustainable and eco-friendly shipping industry. What is a Bill of Lading (BOL)?
His Excellency Khamis Juma Buamim presented the award to John himself! He currently holds the position of Chairman of The Dubai Council for Marine & MaritimeIndustries and Group Chief Executive Officer, MD & Director at Gulf Navigation Holding PJSC. Shepherding the Blockchain Ecosystem with Industry Chains.
His Excellency Khamis Juma Buamim presented the award to John himself! He currently holds the position of Chairman of The Dubai Council for Marine & MaritimeIndustries and Group Chief Executive Officer, MD & Director at Gulf Navigation Holding PJSC. Shepherding the Blockchain Ecosystem with Industry Chains.
Rapid developments in the technological space has brought about several benefits globally to many industries. The world of shipping is no different and in the last decade there has been several advancements in this area although some parts of the industry still remains fragmented and lacking standards in how the business is conducted.
This article is adapted from a presentation given at the Williams Foundation seminar on ‘Next Generation Autonomous Systems’ delivered in Canberra in April 2021. The situation is better for military aviation and in the maritime context. It’s patently a present day unreality save in very small-payload logistics operations.
The route has been established by maritime and transport specialist, United Seaways. In addition, the fallout from the current pandemic has caused global supply chain bottlenecks, shortages and disruption to the shipping industry, with sharp increases to ocean-going freight rates.
I have the opportunity to work with the best in the logistics industry, having been on both the Carrier and NVOCC sides of the business. More Capacity and Cost Reduction A freight forwarder can develop several relationships and partnerships with all the carriers in the industry.
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