The Role of Technology in Enhancing Efficiency and Streamlining Operations of Ports Maritime is undoubtedly one of the cornerstones of international transport networks. The WTO estimates that shipping transports about 85 percent of global trade by tonnage. Due to growth in international trade, the sizes of vessels and volumes of loads have increased, putting an extra burden on ship docks and yards. Therefore, ports are constantly looking for smart technologies that will be instrumental in optimizing operations, promoting efficiency, and … [Read more...] about The Role of Technology in Enhancing Efficiency and Streamlining Operations of Ports
Shipping
Despite Martial Law Declaration, Shipping Reopens in the Contested Kerch Strait
The Ukrainian Parliament has declared martial law along the Kerch Strait section of the Crimean Peninsula, but Russia granted passage to shipping traffic from the Black Sea to the Sea of Azov. The conflict in Ukraine, which despite being an undeclared war involving Russian forces has unfolded for years, is currently at a very tense level, and it has impacted shipping traffic a couple of times in 2018. Russian Attacks On Sunday, three Ukrainian naval vessels came under attack by the Russian coast guard. An unknown number of Ukrainian … [Read more...] about Despite Martial Law Declaration, Shipping Reopens in the Contested Kerch Strait
Sweden Will Upgrade the Port of Gothenburg
The British website ShippingWatch recently published a news story on June 5, 2018, detailing the launch of a massive infrastructure renewal program. This initiative will focus upon enhancing the capabilities of the Port of Gothenburg, an important container shipping hub in Scandinavia. Authorities estimate the proposed modifications to the port will cost some SEK 5.1 billion. Deepening the Port of Gothenburg During 2018, the Port of Gothenburg witnessed a slight increase in shipping volumes. Its volume increased from 184,000 to … [Read more...] about Sweden Will Upgrade the Port of Gothenburg
Container Shipping Traffic Currently Sailing Smoothly Ahead
Container shipping traffic between China and the United States remains robust. Fleet idle capacity stands at just 1 percent. Traditionally, the yearly peak occurs at the middle of the year before a tapering off in September. Experts expect container shipping prices to rise as we enter the peak time. Though the new U.S. tariffs may create long-term headwinds for the container shipping industry, demand is expected to exceed supply in the coming months. New capacity will also be slow to come online, which experts expect to support prices by … [Read more...] about Container Shipping Traffic Currently Sailing Smoothly Ahead
3 Smart Ways to Conquer Your Fears of Investing
Most of us have a basic understanding of finances. We work hard to earn our money. We use that money to pay our bills, buy a house, pay for our kids’ education, and whatever is left over we put in the bank to save for the “future,” whatever that means. But there is a bigger, fancier world out there, a world with people dressed in nice suits who drive fancy cars. People who seem to have the secret and know how to get their money to work for them. The wolves of Wall Street We don’t necessarily want to emulate them. We enjoy the quiet … [Read more...] about 3 Smart Ways to Conquer Your Fears of Investing