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Brian Kempisty , Lauren Beagen and Joe Lynch discuss building a resilient port strategy. Lauren is a lawyer and the Founder of Squall Strategies , a boutique maritime consulting and legal solutions company. Beagen is a seasoned maritime attorney and the founder of Squall Strategies, LLC and The Maritime Professor.
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.
Now, it has been announced that over 60 private and public maritime organizations, as well as various governments at the national and regional levels have banded together to make a bold commitment. This past summer, IMO member states adopted a Revised Greenhouse Gas (GHG) strategy with plans to formalize regulations in the near future.
We previously reported that last week, the International Maritime Organization (IMO) was meeting to see if they could agree on updated greenhouse gas emission reduction rules as climate change accelerates. The post IMO Agrees on New Plan to Fight Shipping Emissions After Meeting appeared first on More Than Shipping.
Key Shipping Trends for 2025 Let’s explore the key shipping trends for 2025 and discover practical strategies for logistics providers to implement, ensuring they remain competitive and responsive to these upcoming changes. Companies that adapt to these trends will meet client expectations and maintain a competitive edge.
P&O Maritime Logistics, a leading provider of maritime services globally, today announced plans to convert one of its Multi-Carrying Vessels (MCV’s) into a Cable-Laying Vessel (CLV). Martin Helweg, CEO of P&O Maritime Logistics said: “The conversion of our vessel is a real step change.
The global shipping industry is not on track to meet its target of having zero-emission fuels account for 5% of all fuels by 2030. The International Maritime Organization (IMO) set a goal of ensuring that zero- or near-zero emission fuels make up 5% to 10% of all shipping fuels by 2030. The remaining 14 are only ‘partially on track’.
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.
The shipping industry is required to meet emissions and efficiency standards and despite the push to meet these requirements, the shipping industry is still a major contributor to global carbon emissions. We take a deeper look at some of the ways to decarbonise the shipping industry. Potential Ways to Decarbonize the Shipping Industry.
Important Components of Contracts for Ocean Freight The negotiation of rates and prices is a fundamental component of maritime freight contracts. Shippers need to know that there will be enough equipment available to meet their shipping requirements.
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.
Maritime trade has always had its ups and downs due to product cycles throughout history. Since over 80% of traded goods are moved via the sea (UNCTAD; Review of Maritime Transport 2021), we can confidently say that the entire developed world depends on sea transportation to survive.
By incorporating these elements, firms can enhance operational efficiency, reduce risks, and meet customer expectations. By understanding where products are at all times, from road to rail and maritime , companies can manage better inventory levels, avoid bottlenecks, and respond proactively to any disruptions or changes in demand.
The pressure to move and act now is being felt,” Christopher Palsson, managing director of Maritime Insight, recently told Bloomberg. Shipowners know they have to reduce their emissions now and need to start investing to meet the 2050 goals,” said Stephanie Lesage, Airseas corporate secretary. “It Still, it will take time.”.
By incorporating these elements, firms can enhance operational efficiency, reduce risks, and meet customer expectations. By understanding where products are at all times, from road to rail and maritime , companies can manage better inventory levels, avoid bottlenecks, and respond proactively to any disruptions or changes in demand.
The coming months are going to be a real test of the shipping industry in terms of how it can manage capacity and coordinate to meet the needs of customers. Chinese factories are facing challenges of meeting excessive orders that are way beyond their current capacity. The statistics are startling.
one of the leading tech start-ups in the maritime domain for predictable and sustainable shipping, has formed a long-term global partnership with BigMile , supplier of software for calculating and analysing transport-related CO2 emissions. These insights are critical to underpin the investment strategies for these measures,” he added.
Shippers receive reliable service and critical shipment care to propel their brand and maintain growth strategy. Seek a provider who can meet your temperature controlled capacity needs in tight seasonal markets like produce season, and provides qualified drivers trained in handling ambient products. Food Shippers of America.
Yet if shippers want to win the current battle with carriers, they are going to need to have a strategy involving the LTL market. This is occurring across the board for every channel of transport from trucking to maritime. Meeting in the Middle. Carriers as a whole have levied surcharges and increased rates for shippers.
Mermaid Maritime Public Company Limited is pleased to announce that its wholly-owned subsidiary Mermaid Subsea Services (Thailand) Ltd. MSST) has established Offshore Transportation, Installation (T&I), and Decommissioning services business unit as part of its diversification for growth strategy.
With the closure of ports, negative consequences in maritime shipping are experienced more frequently. Although weather conditions cannot be controlled, it’s imperative that businesses have systems and strategies for tracking potential disruptions and preemptively addressing them. Weather Forecasting. Multi-Warehouse Management.
As an industry, it’s imperative for us to learn from this and develop strategies to minimize the impact of similar blockages should they happen in the future. Planning ensures that you remain flexible and meet your goals, regardless of the obstacles faced along the way. A risk management strategy is no longer a luxury.
Leading into 2023, although a rail strike seems to be avoided for now, there are still not enough truckers to meet current or future demand. Warehousing is also expected to have problems providing sufficient labor to meet demand. Therefore, any digital process management and automation to be used must meet customer demands.
Supply chain and logistics operations have become central to differentiated customer experience strategies. Real-time delivery status updates are crucial for keeping customers informed about their orders, ensuring they are present to receive them, and confirming that the contents meet their expectations.
So three months after an executive meeting on June 23rd , an updated strategy was released, tracking a radical shift into a slimmer Maersk, focused on providing end-to-end logistics services. The Post-2016 Strategy: End-to-end Shipping. And this is where Maersk’s acquisition strategy really starts to rear its head.
And 52% are looking to consolidate more shipments overall, a strategy for which LCL can play an important role.” Shippers can move only the inventory they need to meet demand instead of wasting unnecessary time filling a 40-foot container. ” Below are three ways shippers can use LCL to reduce their costs.
These factors have been cited as significant progress by the organization and highlighted the efforts that members are making toward meeting all of the targets set up for the upcoming benchmark of the year 2050, which is the year put forward by the International Maritime Organization to cut CO2 emissions in half. Industry standards.
Maersk, the shipping giant, is launching a new cargo airline to try and better meet customers needs. The Danish company announced that it will be joining a growing number of private sector companies which are investing in their own aircraft amid supply chain challenges and long delivery times.
In line with its regional development strategy, CEVA has decided to open its own offices with a fully staffed team in order to meet the country’s continuing economic expansion and increasing demand for exports.
When the International Maritime Organization (IMO) meets in London this week (9 April 2018), the stakes are high. For many years, maritime GHG emissions have not been discussed prominently in international climate negotiations. Who’s in command on the open sea? Setting a common course?
Since January 1, 2020, the International Maritime Organization (IMO) implemented a sulfur cap, known as IMO 2020, which set a limit concerning higher sulfur contents in fuel oil consumed by ships. What are Ship Requirements to Meet IMO Regulations? ?Water Water vessels have various choices to meet IMO 2020 compliance.
According to Maritime Executive , “Eight international carriers split into three different alliances control 80% of the market today. Carriers simply need to know where to send trucks and the proper freight rating or pricing strategies to use. Now, the industry is changing yet again. And those increases are likely to remain forever.
This reflects ADQ’s key role in stimulating economic development and growth through our logistics cluster while further strengthening Abu Dhabi Ports’ strategic position as a leading provider of integrated port and industrial zone services, and a facilitator of global maritime trade and logistics.”.
I was fortunate to be able to attend again this year, and, though I couldn’t sit in on all the sessions or meetings I would’ve liked, here are my key takeaways: Geopolitical challenges, Red Sea especially Geopolitics were, of course, on people’s minds.
The Hanseatic League: Maritime Mastery During the Middle Ages, the Hanseatic League, a confederation of merchant guilds, became a driving force in European trade. Their extensive network of ports, warehouses, and trading posts revolutionized maritime logistics. References: Ballou, R. Business Logistics Management. Prentice Hall.
He currently holds the position of Chairman of The Dubai Council for Marine & Maritime Industries and Group Chief Executive Officer, MD & Director at Gulf Navigation Holding PJSC. Enhancing our communications strategy was step one to further reinforcing this mission. The ShipChain Team. Upcoming Events.
He currently holds the position of Chairman of The Dubai Council for Marine & Maritime Industries and Group Chief Executive Officer, MD & Director at Gulf Navigation Holding PJSC. Enhancing our communications strategy was step one to further reinforcing this mission. The ShipChain Team. Upcoming Events.
The maritime transport industry is responsible for around 3% of anthropogenic greenhouse gases (GHG) emitted globally, releasing around 1,076 million tons of CO2 into our atmosphere every year. Implementing a travel policy where employees attend online international meetings and conferences as much as possible.
The coverage offered by most shipping lines is too limited to meet every need. Insurance products on the market are truly diverse and you need a clear strategy for selecting the one that will work best for your shipments. General average is a notion that had evolved from the maritime industry. Types of Cargo Insurance.
But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. Further, historically Molex had a focused sourcing strategy. We will see a lot of slow steaming to meet emission standards.
Regardless of their size, companies are reassessing their global supply chain strategies. and European companies to reevaluate their supply chain strategies. Another disadvantage is to be able to maintain enough inventory levels in multiple locations to meet ever-changing demand.
This state-of-the-art facility, sprawling over 225,000 square meters and developed at a cost of $250 million, is a cornerstone of Maersk’s ambitious strategy to bolster its logistics capabilities in the region. It aims to meet the growing demand for efficient, integrated supply chain solutions across the Middle East.
This year’s recent TPM – the annual transpacific maritime conference hosted by the Journal of Commerce in Long Beach, CA at the end of February – was a combination of post-pandemic debrief, projections for the rest of the year and beyond, and lessons learned. What just happened??? What happens next?
As part of the global DP World and P&O Ferrymasters ’ commitment to sustainability, the warehouse will be constructed on a carbon neutral site and designed to meet the ‘excellent rating’ of BREEAM (Building Research Establishment Environmental Assessment Method).
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