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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.
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 annually to the UK’s GDP by 2030. Read Similar… Freight Crimes Could Drain £6.1
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.
Road freight alone accounts for approximately 7% of global CO2 emissions, with maritime and air transport further amplifying the environmental burden. Key strategies include: Electrification of Transport: The use of electric vehicles (EVs) for freight and last-mile delivery reduces emissions and operational costs.
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 maritimestrategy. What are the specifics of Indias new plans for transforming the countrys shipping landscape?
Here is an interesting article about the questionable value of contracts. Do they make any situation more complex and less dependent on trust? Absolutely. And especially since many business people are expert at getting out of contracts that looked good … Continue reading →
The International Maritime Organization (IMO) has been working to reduce harmful impacts of shipping on the environment since the 1960s. Below is a perspective from Durand Richard of Linsen Nambi Bunker Services on the impact of IMO 2020 on the South African maritime landscape. Read more >>>.
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 success of the platform led Boluda to implement WITRAC’s platform to monitor the location and temperature status of the fresh food and medicine on its seven container vessels traveling 700 miles from the Spanish mainland on the maritime corridor linking the Port of Cádiz to the island ports of Las Palmas and Tenerife.
RightShip, a leading environmental, social and governance (ESG) focused digital maritime platform, has today announced a partnership with Port of Sudeste, located in Itaguai, Rio de Janeiro, to start utilising RightShip’s Maritime Emissions Portal (MEP) for the first time in the Latin American region.
This interesting article suggests that slot management across supply chain entities could help ease the current supply chain congestion woes. It’s an attempt to define this concept that could induce more cooperation between firms and supply chain entities such as … Continue reading →
Ports: What Importers Need to Know As the International Longshoremens Association (ILA) and the United States Maritime Alliance (USMX) prepare to resume contract negotiations in early 2025, the stakes are high. Connect with us to explore customized strategies that keep your supply chain steady, even in uncertain times.
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.
Successive governments have determined that applying zero duty on wine is the best strategy to help winemakers keep producing and selling. CEO Jeremy Nixon highlighted the urgent need for the maritime industry to address climate change, citing its impact on operations.
In modern fleet management, making waves isn't just a metaphor—it's a strategy. Picture this: a helm where data power decisions, maintenance is predictive, and efficiency isn't just a goal but a way of maritime life.
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.
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. Is your logistics strategy ready for 2025?
Beijing’s global maritime operations double as intelligence-gathering outposts. I was not aware that Chinese interests have installed operating software at quite a few ports around the world. Coupled with the Chinese Government’s mandate to share all information with the Chinese … Continue reading →
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. In a world confronting the unyielding advance of global warming, the ocean shipping sector stands at a critical juncture.
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. There was urgency to get a deal done, after the U.S. and other major players pushed for stronger progress.
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. This strategy aims to counterbalance perceived Western dominance and advance China’s own interests in the region. According to U.S.
Clusters have been discussed in logistics and maritime circles for many years. We don’t understand fully the dynamics of clusters, or what leads to their formation. some researchers are starting to look at it. This article by Ryan Donohue, Joseph … Continue reading →
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. We cannot even imagine the consequences if this situation were to continue for a longer period. economy and global trade.
” Logistics Strategy In particular, the locally managed locations were very successful in the free development of independent logistics services. The affiliated companies, for example, contributed the lion’s share of EUR 30 million to the total increase in turnover of EUR 45.46
BV is a multinational risk management insurer and classification society with a strong maritime profile. Bureau Veritas (BV) has produced a feasibility study to estimate the usefulness of carbon capture from marine engines. The study was conducted by QIYAO EnvironTech … Continue reading →
Said Maersk Head of Asset Strategy and Strategic Partnerships, Ahmed Hassan. These orders will not add to the overall capacity and over time every vessel coming in will be replacing a scrapped vessel having reached end of life, ensuring that we maintain our fleet size at around 4.3m
Important Components of Contracts for Ocean Freight The negotiation of rates and prices is a fundamental component of maritime freight contracts. The terms, conditions, and prices for shipping products in ocean freight containers are governed by these contracts.
It is extremely interesting what has happened over the past 4-5 months where every shipping carrier started implementing this “premium” strategy which is nothing but a variation of a GRI without the 30-day notice requested by the Federal Maritime Commission (FMC.).
The International Maritime Organisation (IMO) has a long and successful track record of matching the requirements of developing and less-developed countries with resources made available by a range of governmental, institutional and corporate donors. Building partnerships is key to this. This new department will help that to happen.
International shipping companies are exploring various decarbonization strategies and emerging technologies to reduce environmental impacts. Transitioning from petroleum-based marine fuel to alternative fuels is a key decarbonization strategy shipping companies must consider. Potential Ways to Decarbonize the Shipping Industry.
There seems to be, despite all odds, a rising tide of concern about the environment and sustainability behavior for maritime firms. This article provides a valuable perspective on sustainability. Investors and insurers are starting to pay close attention to how … 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.
In the report, it was stated that fluctuating freight markets and interrupted deliveries put global maritime transportation under pressure, and the following statements were made: “Increasing security concerns primarily means higher premiums for the insured. Choosing alternative routes doesn’t really decrease insurance costs much.
The need for a national port strategy in any country remains a topic of debate, as its necessity largely hinges on the government’s goals and objectives, as well as the potential advantages and disadvantages such a strategy might offer.
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. Simon Shore is Managing Director for Supply Chain Modelling and Maritime solutions globally at Korber Supply Chain. from originally 3.5%
For example the The 2016 Hanjin maritime carrier bankruptcy left workers, ships, containers, and product stranded at sea and in ports around the world. Given all of these possibilities, preparing proactively might be the best strategy for minimizing risks. Economic situation can cause product or labor shortages.
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. Develop a resilient supply chain strategy. What’s the reason for it?
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.
The International Maritime Organisation (IMO) adopted the first set of international mandatory measures to improve ships’ energy efficiency on 15 July 2011. In the past decade, IMO has taken further action, including further regulatory measures and the adoption of the Initial IMO GHG strategy. [Source : [link] ].
The emergence of colossal vessels along primary routes has led to the resultant cascade of maritime traffic along secondary and tertiary routes. About the author : Matthew Van Maasdyk is a Bachelor of Law (Cum Laude) and Bachelor of Law’s (LLB) from the University of Pretoria and currently completing his Masters in Maritime Law (LLM-MR).
The International Maritime Organization (IMO) has long been committed to reducing the industry’s carbon footprint, aiming for a minimum 50% reduction in GHG emissions by 2050 through stricter regulations and improved energy efficiency. This calls for a re-evaluation of strategies.
Practitioners must develop a data analytics strategy that gives them insight into supply chain aberrations before catastrophe sets in. “If The maritime industry — 90% of world trade travels by sea — is notoriously manual. But those new sourcing strategies must be informed by an accurate data platform that can conduct risk analysis.
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.
Adding to the woes was the Suez Canal incident, a maritime black swan event that has led to severe complexities. Market analysts at project44 have created a survey to dig deeper into issues stemming from port congestion and the capacity strain to identify strategies that businesses are taking to navigate this tricky environment.
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