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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.
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.
The full statement about the need for digitalisation in the maritime sector to be accelerated can be downloaded here. The post Industry bodies call for digitalisation to be accelerated in maritime sector appeared first on Shipping and Freight Resource.
Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. Adoption of Sustainable Fuels: For aviation and maritime logistics, sustainable fuels like biofuels and hydrogen provide feasible alternatives when electrification is impractical.
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 →
The paper is based on a presentation made at the International Association of Maritime Economists’ … Continue reading → My colleague and I and a student recently published a new paper in the American Journal of Transportation and Logistics. You can see it below.
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.
Global shipping and transportation present tremendous opportunities for businesses, but they also bring complex challenges, particularly when it comes to compliance. Staying on top of these changes is crucial to avoid costly fines, shipment delays, and damaged reputations.
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.
FreightWaves SONAR is adding to its upstream view of the supply chain with the expansion of its maritime visibility solution. SCA measures maritime container shipping activity by using three primary components: Ocean container spot rates, which cover most of the world’s highest volume lanes. Maritime supply and demand.
The holder of the carnet is required to present the goods and carnet to U.S. The carnet has a one-year validity period and can be used for unlimited exits from and entries into the U.S. and participating countries during this period. Customs and Custom Border Protection, upon the exportation of the goods from the U.S.,
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. The potential strike at U.S.
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 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.
The emergence of colossal vessels along primary routes has led to the resultant cascade of maritime traffic along secondary and tertiary routes. Few ports presently have the infrastructure capabilities or land side superstructures required in accommodating container vessels of immense proportions. A Shifty Scale? Conclusion.
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.
Today on Labour Day, we pay tribute to these brave souls, the backbone of the maritime industry. 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.
Internationally the regulations are chiefly, Maritime Dangerous Goods (IMDG) Code and International Air Transport Association (IATA) Dangerous Goods Regulations, respectively, for maritime and air transport. While shipments of containerized ammunition through state/commercial wharves are conducted using Australian Standard AS 3846.
The Australian Maritime Authorities (AMSA) have determined that heavy seas and a loss of propulsion on the APL England were the main causes for the cargo loss of about 43 containers. The post 43 Containers Fall Overboard From APL England appeared first on ShipLilly.
Ship agents and ship brokers constitute a substantial part of the work force in the maritime sector. Whilst exact numbers are hard to find, ship agents are present in every commercial port in the world and medium-sized ports and upwards will have many. Challenges and opportunities of today and tomorrow for ship agents and ship brokers.
However there are still several incidents of such cargo misdeclaration including hazardous goods which have caused several maritime disasters. Founded in 1968, the Club has more than 1100 Members, spanning container owners and operators, ports and terminals, and logistics companies, working across maritime, road, rail, and air.
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?
Cyber-attacks on the maritime industry’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.
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.
Two major maritime routes – the Panama and Suez Canals – face unique challenges that continue to reshape the landscape of international trade and logistics. The Panama Canal’s Present Challenge The Panama Canal handles 3% of global maritime volumes and 46% of volumes from North East Asia to the US East Coast.
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). A 3PL partner that will always present the facts to you, no matter how disconcerting they may be.
The steady growth of exports and imports presents major logistical and technical problems worldwide. Given this, shipping and maritime logistics are bound to largely benefit from Big Data as well as novel emerging digital technologies. Today, more than 80% of the world’s goods transport is handled by sea.
There may be a fair amount of criticism that can be levied at the occasionally struggling maritime industry, whether due to slow cultural changes or slow technology adoption. Ocean freight is the grease in the wheels of international freight, moving 90% of everything we eat, wear and use. But ocean freight works.
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. To go even further, international enforcement presents many challenges.
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.
Decarbonisation of the global maritime industry 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.
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 types of DSP’s are there?
At DNV GL’s recent annual London press briefing, DNV GL – Maritime CEO Knut Ørbeck-Nilssen announced the classification society had awarded a ground-breaking new class notation to mitigate fire risks on container ships to MSC Mediterranean Shipping Company. The new FCS notation is targeted exclusively towards container ships.
It looks like it will be maritime operations. The Ocean Reform Act just made it out of a Senate committee and will soon be presented to the full Senate after having passed the House earlier. First we got the infrastructure bill and then postal reform. What’s the next supply chain area that Congress will address?
Cyber security threats can present itself as malicious actions like hacking or infecting your systems with malware or innocent actions like lack of software maintenance on vessels, incorrect user permissions, weak passwords, unauthorised access etc. 428(98) on Maritime Cyber Risk Management in Safety Management Systems.
The route has been established by maritime and transport specialist, United Seaways. ” United Seaways has also announced the appointment of Amine Laghidi as Board Member in charge of strategy, public affairs, maritime and foreign trade.
From the past to the present, the logistics transportation industry has made great progress. With the closure of ports, negative consequences in maritime shipping are experienced more frequently. The most important development among these is the widespread use of cold storage containers used for perishable foods.
The net present value of the future income the vessel will earn is used to calculate the vessel’s value. Since $1 million ten years later and $1 million now will not reflect the same value, the return in question must be determined by calculating the cash flow into the future or the present. This approach is past-oriented.
It’s human nature to want to start a new year with new goals—the ever-present new year’s resolutions. Typically, we make it at least one month into the new year before we have to revise our plans. However, it’s only early February 2024, and we already have several major disruptions impacting supply chains.
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.
The trade fair’s supporting program connects business, politics and research in expert presentations, panel discussions and interactive formats. Forums highlighting the main topics of sustainability, infrastructure, digitalization and supply chain solutions will present knowledge from key players and newcomers.
In 2020, the United Nations Conference on Trade and Development reported that worldwide maritime trade was expected to drop by over 4 percent due to the pandemic. At present, shipping companies around the globe are now dealing with a significant employee shortfall in hiring and retaining crew members due to the Russia-Ukraine war.
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