Importers Battle Surging Cargo, Commodity Costs
As Home Depot heads into its busy spring project season—when shoppers build backyard decks and buy patio furniture—it is tangling with surging costs for goods and transportation, on top of tariffs that cost it and other U.S. importers billions of dollars.Across the United States, major retailers and makers of everything from Peloton spin bikes and La-Z-Boy recliners to Kia Sorrento SUVs are battling the same profit-squeezing pressures. They pass those costs along to home-bound consumers…
Managing Risk: Shipowners Not Meeting Emission Regs Face a Big Business Risk
There is increasing pressure for shipowners to sharpen their environmental performance, driven by an IMO target to halve greenhouse gas emissions from shipping by 2050, regional regulations and market pull from charterers, banks and investors.“This represents a whole new ball game for the industry. Optimization of ship operations has traditionally been dictated by the efficiency of delivery around the globe that has typically meant being able to sail at full speed, thereby burning more fuel, to minimize costs for the charterer.
After Brexit, Ireland and France cut Out the Middleman: Britain
From his office overlooking Cherbourg docks, general manager Yannick Millet points to trailers destined for Ireland that belong to Amazon and FedEx, new customers and a signal of a potential big shift in post-Brexit trade.Confronted by red tape and delays after Britain’s messy exit from the European Union, Irish traders are shipping goods directly to and from European ports, shunning the once-speedier route through Britain.“You see the shift in supply chains right here,” he said.All five operators connecting Ireland to mainland Europe have increased ferry services in the past nine months…
Maersk Says European Lockdowns Have Not Dented Demand for Shipping
High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe, boosted by demand for furniture, exercise equipment and home improvement goods, shipping group Maersk said on Wednesday.A surge in demand from shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows and triggered a spike in the cost of moving goods around."There are simply not enough containers in the world to cope with the current demand…
Global Cargo Logjam Deepens
Amazon seller Bernie Thompson shifted half of his production out of China to reduce his business risks and still found himself in the crosshairs of logistical chaos besetting the movement of goods around the globe.A surge in demand for furniture, exercise equipment and other goods for shoppers sheltering at home in a worsening COVID-19 pandemic has upended normal trade flows.That has stranded empty cargo containers in the wrong places, spawning bottlenecks that now stretch from factories to seaports.
What Vaccine Distribution Planners Can Learn from Amazon and Walmart
The initial rollout of Pfizer’s COVID-19 vaccine has begun, and vaccines are shipping across the U.S. Demand for COVID-19 vaccines will outpace supply for the foreseeable future. Yet experts have warned that a substantial proportion of these highly perishable vaccines could go to waste if they are not being used before they expire.With such short supplies and high demand, worrying about waste may sound paradoxical, but is actually a predictable result of two well-known medical…
Lindblad Expeditions Names Goodman CCO/CMO
Lindblad Expeditions Holdings, Inc. named David Goodman as its Chief Commercial and Marketing Officer, effective November 9, 2020. Goodman spent more than years running divisions of global multi-media organizations, overseeing revenue, marketing, content creation, production, product/technology, distribution and oversight of some of the world’s most recognizable brands and properties. Most recently he served as Executive Vice President, Marketing and Digital Development at Sotheby's.Under his leadership…
Container Lines Expect US Import Binge to Lose Steam
Surging shipments into the United States are fueling record high freight costs and logjams at seaports, but transportation executives say the rally will lose steam with a second wave of COVID-19 restrictions on the cards.Container shipping companies, which move goods for customers including Amazon.com and Walmart, got stung late last year and early this year when COVID-19 halted trade around the world, and they question whether the U.S. import boom can be sustained."Let's not get carried away," Rolf Habben Jansen, chief executive of Germany's Hapag Lloyd, told reporters.
Ships Wait to Unload at Port of Los Angeles as Imports Boom
Incoming cargo to the Port of Los Angeles is surging as businesses restock depleted inventories and retailers prepare for an early holiday season, the executive director for the nation's busiest seaport said on Wednesday.Workers unloaded 471,795 20-foot equivalent units (TEU) of imports in September, 17% more than the year earlier, marking the second month of robust import gains at the No. 1 gateway for U.S. trade with China.That trend has carried into October, said Gene Seroka…
Sea Captain Shares His Oceanic Adventures and Insight Into Sailing and Yachting
The sea presents many adventures and challenges for those who travel it. In his riveting memoir, “With Tangra Against the Wind,” Captain Nikolay Djambazov details his lifestyle as a sailor and yachtsman, where he did all of his voyages only with a compass and a sextant. Captain Djambazov shares many sea excursions including his sailing expeditions on a yacht that he built himself, named Tangra. Captain Djambazov had many great accomplishments at sea with Tangra. In 1980, he participated in OSTAR 80.
US Imports Surge as Pandemic Worries Have Retailers Stockpiling
The Los Angeles-based maker of Exploding Kittens and Throw Throw Burrito board games ordered 1 million extra units from its factory in China with the hope of preventing coronavirus from ruining its Christmas sales.The move from the company, which sells product through Target, Walmart and Amazon.com, comes as U.S. suppliers and retailers have been rebuilding depleted inventories and battling uncertainty by stockpiling pandemic sellers such as toys, refrigerators, home furnishings and booze.In the last few months…
COVID-19 to Weigh on US Seaport Peak Shipping Season
Imports at major U.S. container seaports could hit their lowest level in four years as the novel coronavirus pandemic pummels a U.S. economy that was already grappling with negative effects of the U.S.-China trade war, experts said.Total container imports could fall 9.4% in 2020, according to the National Retail Federation (NRF) and Hackett Associates' Global Port Tracker report.That reflects pain in the U.S. retail sector, which is smarting from government-mandated store closures…
Indigenous Leaders Fear Amazon Soy Port Could be Conduit for COVID-19
As the coronavirus pandemic reaches deep into Brazil’s Amazon, a ceaseless stream of trucks carry soybeans and construction workers to an expanding port complex in the heart of the forest.Indigenous activists have opposed the Itaituba port in Pará state for nearly a decade, even before shipments began there in 2014.But now the pandemic and expansion works are fueling new fears about the port’s impact on traditional communities and the biodiversity riches of the Tapajós river.“There’s a flow of workers all the time. Nothing’s changed.
Jeff Bezos Invests in Digital Freight Forwarder Beacon
Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC.The startup, formed by two former Uber Technologies Inc executives two years ago, is already backed by Uber founders Travis Kalanick and Garrett Camp, along with former Google CEO Eric Schmidt.Beacon is also a supply chain finance firm that provides real-time data of cargo delivery and a marketplace view of global shipping costs and
Maersk Profits Up 23%, Demand Slowdown Expected
Shipping group A.P. Moller-Maersk warned of a sharp drop in global container volumes due to the coronavirus pandemic, with weaker retail sales and depressed car production dampening demand.The crisis has thrown the container shipping trade off balance as supply chains have been upended and businesses and factory activity in China and later across the world was disrupted.Maersk, which also reported a 23% rise in first-quarter core profits on Wednesday, now expects global container demand to contract this year…
Remote Working: Tips for Shipping Companies to Sustain Business During the Coronavirus Pandemic
As companies globally are increasingly shifting to remote working to help stop the spread of Coronavirus, Hanseaticsoft has put together a series of tips to help shipping companies keep their business and workforce agile.Some of the biggest companies in the world including Oracle, Apple, Google and Amazon have already restricted travel and asked employees to work remotely[i]. With the situation changing daily shipping companies need to prepare as much as they can to minimize business disruption.
St. Louis Regional Freightway: The Year in Review
The St. Louis Regional Freightway has compiled a summary of the major developments over the past year that either elevated the St. Louis region’s global status as a world-class freight hub or will help to advance the region’s position as the country’s freight nexus in the year ahead.“From mega projects breaking ground and global companies choosing to invest here, to newly formed partnerships that strengthen the bi-state region’s role in national and global supply chains, there was much to be excited about in 2019…
Vard Delivers Hanseatic Inspiration
Vard, a Fincantieri subsidiary, has delivered the new Hanseatic Inspiration to Hapag-Lloyd Cruises, the second in a series of three 230-guest luxury expedition ships for the German cruise operator.With her close to 16,000 gross tons and 139 meters long, “Hanseatic inspiration” follows sister ship “Hanseatic nature”, delivered in April by Vard Langsten in Norway, while a third vessel, “Hanseatic spirit”, is scheduled for completion in 2021.Each ship is tailored to allow passengers to access remote regions…
AI & Machine Learning, Possible Force Multipliers for the Coast Guard
Artificial intelligence (AI) and machine learning (ML): mention these two terms and the listener may instantly think of the ads displayed as you view your favorite online news site. This is one version of what AI/ML might be. Given the state of AI and ML research today, these advanced mathematical techniques represent something the U.S. Coast Guard should explore for mission application. To do this, common definitions need to be created, challenges understood, and practical use…
Antwerp Port, Amazon Test Drones
The SAFIR consortium of partners – Amazon Prime Air, Aveillant, C-Astral, DronePort, Elia, Explicit, Helicus, Port of Antwerp, Proximus, SABCA, Skeyes, Tekever and Unifly – tested the first simultaneous drone flights today in Sint-Truiden DronePort, for among other things package deliveries, inspection flights and emergency situations. European Commissioner for Transport Violeta Bulc also followed the demonstrations from the front row. SAFIR stands for "Safe and Flexible Integration of Initial U-space Services in a Real Environment…
Saudi Aramco, World’s Most Profitable Co, Again
Saudi Aramco announced that its net income was $46.9 billion for the first half 2019, compared to $53.0 billion for the same period last year. That easily outstripped corporate titans such as Apple Inc, Amazon.com Inc and other big oil producers, many of which suffered larger declines in profit as output and crude prices fell. Saudi Aramco President & CEO Amin H. Nasser, said: “Despite lower oil prices during the first half of 2019, we continued to deliver solid earnings and strong free cash flow underpinned by our consistent operational performance…
SHORTSEA SHIPPING: All the Right Moves (Finally)
Marine Highways Gain Traction in the Intermodal Supply Chain.In the United States, landside infrastructure is at a crisis point. Congestion at the big hub ports, exacerbated by imperfect intermodal interfaces with surface transport serving cargo hinterlands is at the heart of the matter. As politicians bicker over a possible infrastructure package, the Highway Trust Fund, funded by taxes on gasoline and diesel fuel, has continued its downward journey towards further deficits (now $144 billion). And, where countless U.S.
Delivering parts, fuel, mail over 52 million square miles
In Port and at Sea: NAVSUP Fleet Logistics Center Yokosuka Supports Navy Ships and Crews. Understanding how that happens can benefit commercial stakeholders, as well.As the post-Cold War Navy once again faces near-peer competitors at sea, it must reposition itself and step up sustainment of ships at home and abroad. While admittedly a goal in logistics is to provide material and services in a stable and predictable fashion, so that operations can proceed unimpeded, that goal sometimes runs counter to the unpredictable nature of military operations.
Bristol Port Upgrades Box Terminal
Port of Bristol, which comprises the commercial, and former commercial, docks situated in and near the city of Bristol in England, announced that its container terminal capacity has been boosted significantly by the completion of a GBP 9 million upgrade.A release from the port authority said that the investment is a further commitment to the ever-expanding container services offered at Avonmouth and Portbury Docks.James Stangroom, Commercial Manager at Bristol Port, said: “This upgrade is designed to further refine our productivity…
INSIGHTS: Transportation Industry Outlook 2019
The driver shortage will once again shape the trucking industry in the coming year. For ocean shipping, that’s a real problem. Any transport mode is only as good as the one that immediately follows or precedes it in the intermodal supply chain.For trucking, the outlook hasn’t changed much in the last two years: Too much freight and not enough drivers to haul it. It’s both the best and worst of times all at once. True, this means the U.S. economy is still very healthy. But, it also means that carriers struggle to recruit and retain quality drivers – and that can be frustrating.
Hapag-Lloyd Names "Hanseatic nature" in Hamburg
Hapag-Lloyd Cruises presented the Hanseatic nature for the first time in Hamburg on Saturday (May 04, 2019).The provider of adventure and classic cruising with luxury voyages to Polar Regions, Caribbean, Central America, Europe & more said that Hanseatic nature is the first of three, structurally- identical ships in the cruise line’s new expedition class. The ship left Hamburg on May 5, 2019 for its inaugural cruise, which will take it to the Hebrides, Orkney Islands and Shetland Islands, finishing in Bergen.