Shipping Industry

Processors join calls with regulatory changes to ease the shipping downtime

The Australian Meat Industry Council supports calls for extensive regulatory changes in the shipping industry. A number of measures were recommended by the Australian Competition and Consumer Commission’s annual Container Stevedoring Monitoring Report 2020-21, which was published earlier this year The report highlighted recent increases in demand for container freight …

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The impact of delivery delays on the chemical industry | opinion

The two most irritating words people hear these days have to be “supply chain“. It seems to be the cause of all problems in life. Not enough toilet paper? Supply chain. Is your favorite ice cream running out in the grocery store? Supply chain. Are prices exploding for things that …

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FMC is exploring how data can accelerate container delivery

In an initiative led by Commissioner Carl Bentzel, the Federal Maritime Commission will try to find out how data can accelerate the flow of containers through the supply chain. The multi-phase effort announced on Monday will “propose recommendations for common data standards used by the international shipping supply chain, as …

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Better Business Bureau: Shipping Increases, Delivery Bottlenecks May Affect Christmas Shopping | Carson City Nevada News

Show full picture According to the Better Business Bureau, consumers should plan shopping and shipping in advance. Wikipedia photo The pre-pandemic picture of the global shipping industry has changed with COVID-19, policy changes, and delivery bottlenecks that are now expected to cause vacation delays and affect US consumers. The impact …

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Eidesvik Offshore CEO is retiring after 16 years

Norwegian offshore shipowner Eidesvik Offshore said on Thursday, its CEO and President Jan Fredrik Meling would leave the position at the as planned Age 65, effective December 31, 2021, after more than 16 years in office. January 2022, the company’s CCO, Gitte Gard Talmo, will replace Meling, who has served …

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AMP issues supply chain letter to DOT secretary Buttigieg about reliable and resilient American shipping

The American Maritime Partnership today publicly released a letter to U.S. Secretary of Transportation Pete Buttigieg underscoring the continued reliability of American maritime services despite the current supply chain crisis. American shipping provides security to American customers and consumers, unaffected by supply chain disruptions and congestion affecting global shipping and …

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Freight shipping market size, growth by 2028

New Jersey, United States, – the Cargo shipping market Verified Market Research’s report is a carefully conducted study. Experts with proven references and a high reputation within the research community have provided an in-depth analysis of the topic, bringing in their unparalleled domain knowledge and extensive research experience. They offer …

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The shipping industry is facing ESG heat from lenders

A view of stacked shipping containers in Southampton Docks, Southampton, UK 18th October 2021. Image taken with a drone. REUTERS / Matthew Childs LONDON, October 19 (Reuters) – According to the Boston Consulting Group (BCG), banks are demanding much more environmentally friendly funding for shipping companies as investor pressure grows …

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Freight flow imbalance is the real capacity problem

Chart of the week: Truckstop.com 7 day van price per mile Los Angeles to Dallas and Dallas to Los Angeles SONAR: TSTOPVRPM.LAXDAL, TSTOPVRPM.DALLAX The main reason for the current shortage of truck loading capacity is the intensification of the majority of goods movements from west to east. This relationship is …

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The truck industry is facing a hiring and loyalty crisis

Information from the Bureau of Labor Statistics shows the trucking industry lost 6% of its 1.52 million workers before the pandemic. DALLAS, Texas – Nationwide freight carriers scramble to meet shipping requirements as they desperately try to attract more drivers into the American supply chain pipeline. According to the American …

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Port and shipping industry sees recovery

Aerial view of Manila South Harbor FILE PHOTO The port and shipping industry expects cargo volume to grow as manufacturing activity increases and major economies rebounded strongly. International shipping companies see a slow but stable recovery in the remaining months of the year as demand for shipping increases and freight …

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AkzoNobel supports the shipping industry’s carbon neutral roadmap with the introduction of the Intertrac® HullCare solution, which offers operators unmatched fuel and emissions savings

AkzoNobel offers ship owners additional control over ship efficiency and environmental performance by introducing its new hull management solution, which guarantees a speed loss of up to 1% over a period of ten years. Intertrac® HullCare combines powerful hull coating technology from AkzoNobel’s International® range, state-of-the-art Remote Operating Vehicle (ROV) …

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The maritime intelligence platform Greywing collects seed capital from investors like Flexport – TechCrunch

Founded in 2019, based in Singapore Gray wings was created to help ship operators and other members of the maritime industry make critical decisions. It includes tools for crew change management, predictive reporting of potential risks such as piracy, and pandemic-related updates to travel restrictions. Greywing today announced the launch …

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In Asia, supply and power shortages are affecting growth

Many export-dependent Asian countries are faced with delivery bottlenecks, power outages and other problems. Information released on Thursday showed that Japan’s factory production has slowed and expectations of China’s production have weakened. Japan’s Suzuki Motor Corporation was the latest automaker to freeze production lines for several days due to a …

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Crowley Maritime will build and operate an offshore wind port

Image courtesy Crowley Published 09/30/2021 3:19 PM by The maritime executive Offshore wind farm developer Vineyard Wind has announced an agreement with Crowley Maritime to build and operate a large offshore wind terminal in Salem, Massachusetts. The port would serve Vineyard’s “Commonwealth Wind” offshore wind farm proposal, and site development …

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Naval Postgraduate School Tests Maritime 5G Solutions – GCN

Naval Postgraduate School tests maritime 5G solutions By Stephanie Kanowitz 09/28/2021 The Naval Postgraduate School (NPS) and AT&T will develop and test 5G and edge computing-based maritime solutions for potential use in national defense and home security. As part of a three-year joint research and development agreement, high-speed, AT&T 5G …

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3 outstanding numbers from Costco’s earnings release

Cost co (NASDAQ: COST) recently closed its fiscal year 2021 in an impressive manner. The warehouse retailer exceeded Wall Street’s expectations for sales and profits despite several significant headwinds, including rising inflation and supply chain bottlenecks. On a conference call with Wall Street analysts, executives broke these hits and misses …

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West Virginia, National Industry Experts Warn, Recruitment, Supply Chain Issues Will Affect Christmas Shopping Season | WV news

CLARKSBURG, W.Va. (WV News) – Analysts predicted a supply bottleneck this Christmas season coupled with a shortage of retail workers, which could lead to higher prices, less variety and delivery delays. The supply chain slowed across the board in the United States in 2021. These complications have caused several problems, …

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ABS approves GTT and Deltamarin tanker designs

Save in reading list Published by Sarah Smith, Editorial assistant LNG industry, Thursday, September 23, 2021 3:04 PM At Gastech 2021 in Dubai, GTT and the ship architecture and engineering office Deltamarin received an Approval in Principle (AiP) from the classification society American Bureau of Shipping (ABS) for their new …

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Across the Ocean Shipping is expanding its reputation as a CO2-neutral market leader with a new website: Carbon Neutral Shipping

CEO and Managing Director of Carbon Neutral Shipping, David Aherne Across the Ocean Shipping launches Carbon Neutral Shipping: a website that enables shipping companies to offset the CO2 emissions caused by sea and air freight Shipping and transport contribute enormously to CO2 emissions; It is therefore up to us, as …

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President fully supports shipping

President Nicos Anastasiades praised the resilience of the shipping sector during a dinner hosted by the Cypriot Shipowners Association in Athens. Anastasiades underscored the contribution of shipping to the Cypriot economy by saying that it represented 7 percent of the country’s GDP and that the Cypriot flag merchant fleet had …

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We present Resilience4Ports and a smarter, cleaner future

Resilience4Ports: Gates to a Resilient Future Features in the new film Dr. Juliet Mian explains resilience4ports The resilience of the port infrastructure system is complex The Resilience Shift advocates resilience4ports in a new film, Gateways to Growth, the UK Chamber of Shipping and the British Ports Association. Our ports are …

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Long Beach Port had the best August

The peak shipping season began with a roar, lifting Long Beach Harbor to the busiest August ever. Dock workers and terminal operators moved 807,704 TEU container freight last month, an increase of 11.3% compared to August 2020. Imports rose by 11.7% to 407,426 TEU and exports fell by 5.3% to …

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Orders for dual-fuel LNG ships will accelerate in 2021

Car transporters and container ships are among the categories that are increasingly ordering LNG-powered ships (IMO file photo) Published September 7, 2021 7:46 PM by The maritime executive SEA-LNG, the industrial coalition formed to promote the advancement of LNG, released an analysis of the new shipbuilding orders as an opportunity …

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When does the shipping crisis end?

You will have a hard time finding a tire dealer who is not in some way affected by the ongoing shipping crisis. From prolonged delivery delays to sky-high freight rates, the slowdown continues to throw a wrench into supply chains – and many merchants are shouldering the burden. What is …

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Ocean shipping market size will reach $ 188.57 billion

Pune, India, August 05, 2021 (GLOBE NEWSWIRE) – The global ocean-going market will gain momentum with ongoing innovations in the shipping industry to improve energy efficiency. As a result, companies are quickly switching to environmentally friendly hybrid propulsion systems to reduce costs and efficiency. Fortune Business Insights â„¢ compiles this …

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Global Shipping Business Network introduces blockchain solution in China

Hong Kong-based technology consortium Global Shipping Business Network (GSBN) has launched its first blockchain-enabled application, Cargo Release, in China. Cargo Release uses blockchain technology and offers a paperless, transparent solution that connects all parties involved in the import port, including shipping companies, consignees, their agents and terminals. By eliminating the …

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STEUERMANN: Support of the water transport

On July 9, 2021, President Biden issued the “Executive Order on Promoting Competition in the American Economy”. Outside of the business press, there hasn’t been much media coverage of it because the order is lengthy and, rather than announcing a new law, it mainly focuses on telling its agencies to …

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Global trade: Global trade and shipping chaos are facing a new problem. Slow vaccinations for seafarers

Seafarers’ vaccinations around the world are happening too slowly to prevent outbreaks on ships from causing further trade disruptions, endangering maritime workers and potentially holding back economies as they try to break out of the pandemic slowdown. Infections on ships could further damage already strained global supply chains, especially as …

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The highlights of the Zacks Analyst Blog: Continental Resources, Grindrod Shipping Holdings, Conn’s, Rocky Brands and The Children’s Place

For immediate publication Chicago, IL – July 6, 2021 – Zacks.com announces the list of stocks featured on the Analysts Blog. Every day, the analysts at Zacks Equity Research discuss the latest news and events that affect stocks and the financial markets. Stocks recently featured on the blog include: Continental …

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Why Castor Maritime fell another 15% in June

What happened Shares in Castor Maritime (NASDAQ: CTRM) had that sinking feeling again in June, falling another 14.6% after being torpedoed with a 39% decline in May. However, that decline actually came after the month of its first quarter earnings report started with a 19% gain, showing that it has …

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Deputy Minister of Shipping travels to Athens

share0 Deputy Minister of Shipping Vassilis Demetriades is paying an official visit to Athens from Sunday to Tuesday. “I will travel to Athens to discuss the current challenges facing shipping with my Greek counterpart in order to further strengthen bilateral cooperation and to step up efforts to achieve the goal …

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Zuyderzee Capital recruits former DVB shipping experts

The Dutch investment and consulting company Zuyderzee Capital has founded a joint venture with the former DVB Bank investment managers Edwin Jager and Roland Rutgers van Rozenburg to offer ship investment management. The new entity, named Zuyderzee Shipping & Intermodal Investment Management, sees Jager and van Rozenburg as directors who …

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A seafaring nation | The Manila times

According to the Food and Agriculture Organization of the United Nations, the Philippines is the 10th largest producer of marine catches in the world with an average production of 2.156 million tons from 2005 to 2014. This is due to the country’s vast aquatic resources, which include 2.2 million square …

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Collective Action – Lexology

Cutting-edge technological innovations enable shipping to meet its decarbonization goals, and as Daniel Saunders and Mark Tooke from WFW explain, ship owners are also beginning to join the ranks of “tech investors”. It’s a familiar daydream for people around the world – imagining the exciting new technology that the future …

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BRAVE DOLPHIN – a VR dive into the maritime world

Published June 21, 2021 4:11 PM by The maritime executive [By: SQLearn] Known for its creative spirit and innovative training tools, SQLearn, the Greek company with exclusive e-learning expertise, spreads wings in the fascinating world of virtual reality. The company, which has long been present with effective training solutions for various …

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Why are containers lost at sea?

The loss of shipping containers at sea is a significant problem for the industry – an average of 1,382 shipping containers are lost at sea each year, according to the latest figures from the World Shipping Council. However, more than 3,000 containers were lost in 2020 alone, including a ship …

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