The capacity crunch in the ocean freight industry during the three years of the pandemic compounded the existing uncertainties and eventually resulted in a perfect storm for shipbuilding markets. All the players in the container shipping sector started ordering more container ships than ever before. As per an estimate by Maritime Strategies International (MSI), with…
The ocean freight industry is currently going through a massive transformation and since the abatement of the pandemic, it is now all focused on dealing with the threat of climate change through the green transition. Moreover, the changes in this sector are also taking place because of other factors such as the introduction of new…
Presently, the air freight industry is dealing with multiple hitches such as grounded planes, trimmed routes, and a decline in demand. In fact, some of the multinational air freight companies are signaling a slackened demand as compared to the times of the pandemic. With less than two months to go until the start of the…
The decreasing water level in the rivers across Europe, because of the ongoing drought triggered by climate change is having far-reaching consequences on the shipping industry. The diminishing water level all over Europe especially in Germany is threatening the riverine transport system. It is also impacting the supply chain of a variety of industries across…
The White House recently launched a plan that intends to ease the supply chain bottlenecks in the country. This new initiative primarily hinges on data sharing by all the stakeholders in the supply chain industry. This new project called FLOW (Freight Logistics Optimization Works) is a data-sharing drive that seeks to connect all the stakeholders…
Last week, Amazon launched a $1 billion fund to boost its logistics and supply chain operations. With the aim to enhance customer fulfillment, this massive investment by the e-commerce giant will also focus on robotics technology. Moreover, this recent investment is an important step for the company to take a deeper dive into the use…
Following the COP 26 UN Climate Change Conference, port authorities around the world are working to create zero-carbon emission shipping corridors. The Port of Los Angeles and the Port of Shanghai are the first international ports to team up for the creation of a ‘green shipping corridor’. This corridor on one of the world’s busiest…