Transportation Insight’s Post

Are you attending FreightWaves Future of Supply Chain in Atlanta this week? Don't miss this exclusive fireside chat with CEO Ken Beyer on June 4th! Join Ken as he discusses what to focus on during a downturn, the unique aspects of the current economic climate compared to past downturns and what the market looks like for the rest of the year. #gobeon #ntg #transportationinsight #freightwaves #futureofsupplychain

What can we expect to see from freight forwarding in 2024? ⚡ According to Maersk, climate change and geopolitical tensions loom large over the industry.  While “black swan” events were one of the key trends for freight forwarders in 2023, the focus is expected to shift away from the random, and recentre on the inevitable: climate change and geopolitical unrest.  With disruptive events such as wildfires, droughts and hurricanes becoming more frequent, the need for freight forwarders to become more flexible and agile when supplies of resources are impacted, transportation routes are cut off, production is interrupted and costs rise as a consequence is key.  Does this ring true for you? Let us know in the comments below! Follow us for more industry insights on your LinkedIn feed 💡 #freightforwarding #industryinsights

As the #maritime Red Sea Crisis continue to develop, you might want ot bring yourself up-to-date with this #webinar hosted by Windward: Tides of Terror: The Impact of the Red Sea Crisis on Global Trade Date: January 11, 2024 Time: 10:00 ET | 16:00 CET Ongoing attacks by the Houthis in the Red Sea, a key passage for 15% of the world's trade, are causing major disruptions in global supply chains. Every one in five containers shipped globally, find their way through this narrow body of water. As a result of the #supplychains being disrupted - also way beyond the specific #containershipping services to the Mediterranean North Europe and the US EC (and back again), freight costs have soared and shipping is facing weeks of delays, with #carriers forced to use alternate, longer routes. Windward’s webinar will host industry experts, like Jakob Larsen of BIMCO, Joshua Hutchinson of Ambrey and chaired by Ami Daniel. Together we will analyze and explore the significant shifts in the ocean freight space, and will offer actionable guidance for organizations looking to proactively manage their shipments in light of the ongoing crisis. Receive practical insights about:  • Most impacted ports  • Carrier performances  • Up-to-date transit times I am pleased to share Xeneta #insights and #data during the session. See You! https://lnkd.in/dvPCYE6K

TradeWinds Shipowners Forum USA 2024 On April 17th, TradeWinds returns to New York for the Shipowners Forum USA to discuss the theme, 'A time of black swans and grey rhinos', where shipping leaders will share insights on how they are navigating the known and unknown challenges facing the industry.    We are excited to share details on Session One: Leading through Change   Opening the event, TradeWinds' Correspondent, Joe Brady will be joined by John C. Wobensmith, President & CEO of Genco Shipping & Trading Limited, to discuss how Genco is approaching capital allocation and managing challenges, including the ongoing disruption in the Red Sea and increasing regulatory pressure to decarbonize. Following this, TradeWinds' Deputy Editor, Eric Priante Martin, will lead the panel discussion: 'Shipowner Perspectives - Navigating Growth through Volatility', where leading shipowners will discuss how they confront unpredictability, brace for black swan events, navigate the technological revolution and energy transition, all while ensuring that they meet their commercial goals. Panel:  Robert Bugbee - President & Director, Scorpio Tankers Inc. Lois Zabrocky - President & CEO, International Seaways, Inc. John Hadjipateras - President & CEO, Dorian LPG Sam Norton - President & CEO, Overseas Shipholding Group Anthony Gurnee President & CEO, Ardmore Shipping Corporation TradeWinds invites you to be a part of the conversation. You can learn more about the event and secure your ticket by visiting: https://lnkd.in/d5eW62yn #TradeWindsEvents #Shipowners #ShippingNews American Bureau of Shipping (ABS), International Registries, Inc., Jotun

The Panama Canal drought may be a long term issue if conditions don’t improve there. Shippers may end up moving more and more freight through the west coast ports as they may look more stable as time goes on. Especially as the pandemic chaos has faded for the ports themselves so they can take on the influx without having 100 ships waiting weeks to be unloaded. Good for carriers out west to boost freight volumes. Also, as more and more carriers are exiting the market for the next quarter or two, it’ll only push up the tender rejection rates and hopefully rates themselves. Hopefully the next couple quarters aren’t as brutal as they were the last couple years then.

Jaguar Freight's quarterly OUTLOOK for Q1 2024 has been published. In it, we cover the latest supply chain news and our suggestions on what actions you can take to set your company up for success in Q1. Here are some highlights: Concerns about Economic and Geopolitical Risk, Carriers Desperate to Prop Up Rates, and Untangling the Complexity of Supply Chain Sustainability #theOUTLOOK #jaguarfreight #thefreightarchitects #supplychaininnovation

One data point underscores the size and importance of ocean supply chains: 1950s: <500 million tons crossed the seas annually Now: 23x as much (WSJ)

🌐 Seeking Insights from Industry Experts! 🚢💼 Dear LinkedIn Community, The recent challenges in the Red Sea have been causing ripples across global trade routes, impacting shipping operations and supply chains. 🌊🚢 We are eager to hear your expert opinions on the current Red Sea issues. How do you foresee these disruptions affecting the industry in the short and long term? What strategies do you think companies should consider to navigate these challenges successfully? Drop your thoughts in the comments below! Let's engage in a constructive discussion and share valuable insights to navigate these turbulent waters together. ⚓🌐 #RedSea #ShippingIndustry #GlobalTrade #SupplyChainChallenges #ExpertOpinions #cargochronicles

When it comes to trade disruption, Baltimore Port is particularly important for the auto industry. It ranks number one in the US for the import and export of vehicles, handling more than 750,000 vehicles in 2023, according to data from the Maryland Port Administration. It is also impacting the movement of goods for industrial machinery, lumber, coal and imports of agricultural products. Fortunately, the flow of containers to Baltimore can likely be redistributed to bigger ports, with containers taken on and off affected ships at already scheduled port calls at other big container ports in the region. As Emily Stausbøll shared with news presenters on Bloomberg's Markets Today, "Every little bit is going to add to the pressure that we're already under. But I think if we're comparing [Baltimore] to what we've seen in recent months with the Red Sea and the Panama Canal, this is a much more regional situation on the ocean side of things. For the container shipping markets, it's manageable with the volumes that are currently going through the Port Baltimore, it gets very tricky for those who have to take the cargo onwards from the port, to your warehouse, to your shops" as they will be having to source new land side transport solutions for containers being dropped off or picked up at a different ports. When asked how rare these sort of events are, Stausbøll pointed to a recent collision in Turkish waters that resulted in a ship sailing into a wharf at port and also the 2021 Ever Given blockage to show that whilst uncommon, they do happen and supply chains are not without vulnerability. Whilst there are options available to help mitigate the negative impact of the Baltimore Bridge disaster on global supply chains, Stausbøll finished her segment by explaining that "there are no quick fixes." As with the Red Sea crisis, "this is completely out of the carrier's hands and the people in the supply chain." All carriers can do is continue monitoring the market and hoping for a new status quo to be reached as soon as possible so transit times and freight rates become more predictable again. https://lnkd.in/efrcMqTW #baltimore #globalshipping #containershipping #supplychains #USexports

Digitalization is the key in order to build sustainable in supply chains. That’s one of the main points in this video which also highlights the importance of digital standards and collaboration in global trade. Worth a watch! 😀