Rising Carbon Emissions in Shipping: The Impact of Geopolitical Tensions
Global Trade Magazine » Global Logistics
by Tim Jay
17h ago
In a concerning trend, carbon emissions from shipping have surged, fueled by geopolitical tensions affecting maritime routes. Recent data from the Xeneta and Marine Benchmark Carbon Emissions Index reveals a substantial increase in pollution, particularly in key trade routes. During the first quarter of this year, carbon emissions from ocean freight container ships traveling from the Far East to the Mediterranean skyrocketed by 63% compared to the same period last year. Similarly, vessels bound for North Europe experienced a notable 23% increase. The primary cause? Vessels bypassing the Red Se ..read more
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Climate Change: Challenges and Opportunities for Global Shipping
Global Trade Magazine » Global Logistics
by Tim Jay
17h ago
The global shipping industry, responsible for transporting approximately 80-90% of goods worldwide, faces a complex landscape of risks intensified by climate change. As temperatures rise and weather patterns become more unpredictable, the impact on shipping routes and operations is profound. The Good of Climate Change One positive outcome of climate change is the emergence of new Arctic trade routes, such as the Northern Sea Route and the Northwest Passage. The melting ice opens up shorter paths between continents, potentially reducing travel time and fuel consumption. However, the reliability ..read more
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Moving Your Business Forward: Tailored Solutions from Commercial Moving Experts
Global Trade Magazine » Global Logistics
by Jordan McDowell
17h ago
When relocating your business, the process can seem daunting and complex, with many critical factors to consider. From minimizing downtime to ensuring your equipment and inventory arrive safely at the new location, you need an experienced commercial moving partner you can trust to get the job done right. Working with a professional moving company that specializes in commercial relocation services can make all the difference in executing a seamless transition for your business. Expertise in Commercial Moving An experienced moving and storage services provider will have extensive knowledge of th ..read more
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Baltimore Port Progress: Clearing Path for Vessel Traffic After Bridge Collapse
Global Trade Magazine » Global Logistics
by Tim Jay
2d ago
Significant strides have been made in clearing a major obstruction in the Port of Baltimore, as announced by the U.S. Army Corps of Engineers (USACE). This development marks a crucial step towards reopening part of the main federal channel, facilitating access for larger commercial vessels, including those stranded due to the collapsed bridge. The removal of a 560-ton section of structural steel on Monday signifies a notable achievement in the temporary restoration of a 35-foot-deep Limited Access Channel (LAC), scheduled to open on Thursday. This milestone aligns with the commitment to reopen ..read more
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Supply Chain: Insider Tips for Protecting Assets and Preventing Theft in Distribution Centers
Global Trade Magazine » Global Logistics
by Frank Lucido
3d ago
Distribution centers are vital hubs in supply chains, handling vast goods and merchandise. However, with this important role comes the risk of theft and asset loss. It’s important to prioritize preventing theft in distribution centers and maintain operational efficiency. In this article, we’ll go into a series of unique strategies and insider tips specifically created to bolster security measures in distribution centers. From advanced surveillance systems to stringent access control measures, these tips are designed to mitigate the risk of theft and protect valuable assets effectively. Further ..read more
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Baltimore Takes Legal Action Against Ship Owner and Operator Following Bridge Collision
Global Trade Magazine » Global Logistics
by Tim Jay
3d ago
Baltimore has initiated legal proceedings against the owner and operator of the cargo ship responsible for colliding with the Francis Scott Key Bridge, leading to its collapse last month. The legal claim, filed on Monday, targets Grace Ocean Private Limited, the owner, and Synergy Marine PTE LTD, the manager of the vessel named Dali. Attorneys representing Baltimore’s mayor and City Council allege that both companies failed to provide competent crew members with adequate skill and training, as stated in the claim obtained by CNN. The city is seeking unspecified damages from both entities. The ..read more
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Safety First: Best Practices for Heavy Hauling Operations
Global Trade Magazine » Global Logistics
by Jeremy Merchant
3d ago
Introduction to Heavy Hauling Safety Heavy hauling, the transportation of oversized and overweight cargo, is a vital industry that keeps construction projects running, delivers essential equipment, and supports various sectors of the economy. However, these loads’ immense size and weight present unique safety challenges. Implementing a robust safety program is paramount for protecting personnel, preventing property damage, and ensuring the smooth flow of operations. Importance of Safety in Heavy Hauling Safety is not merely a formality in heavy hauling; it’s the cornerstone of a successful ope ..read more
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Softeon Increases Revenue by 20% for Cycle Logistics with WMS Implementation
Global Trade Magazine » Global Logistics
by Tim Jay
4d ago
Cycle Logistics, a leading third-party logistics (3PL) provider, witnessed a remarkable 20% increase in revenue following the implementation of Softeon’s Warehouse Management System (WMS). Specializing in B2B distribution, fulfillment, and bundling services, Cycle Logistics sought Softeon’s expertise to cater to a significant new client, propelling their operations to new heights. With Softeon’s WMS, Cycle Logistics achieved seamless item-level tracking throughout their entire handling process, a critical necessity for servicing their massive global client in the realm of internet search and t ..read more
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Geopolitical Volatility Keeps Year to Date (YTD) Container Leasing Rates Elevated
Global Trade Magazine » Global Logistics
by Container xChange
4d ago
A YTD analysis of global container leasing transactions by Container xChange shows a notable uptick in average rates since the beginning of 2024, indicating an uptick in demand for container leasing services and increased financial burden on lessors, pointing to a potentially tighter market. The study also highlights persistently strong container trade patters between China and Russia, Taiwan and India, China and India, amongst other hot trade routes so far in this year 2024.  “China to North America one-way container leasing rates have increased particularly in 2024, with the rise mostly ..read more
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Surge in U.S. Inbound Containers Signals Economic Growth in 2024
Global Trade Magazine » Global Logistics
by Tim Jay
4d ago
In the opening months of 2024, the United States has witnessed a significant surge in inbound container volumes, signaling robust economic activity. According to analysis by renowned analyst John McCown, imports at the nation’s top ten ports experienced a remarkable growth of nearly 20% year-on-year in March. The dominance of these ports, which handle 86% of U.S. import traffic, underscores the resilience of the world’s largest economy. Despite a slight dip from February’s growth rate of 26.5%, March’s 19.2% increase in inbound containers reaffirms the ongoing strength of economic momentum. Mc ..read more
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