Remove Analysis Remove Events Remove Maritime Remove Strategy
article thumbnail

The Effects of Global Warming on Ocean Shipping

MTS Logistics

The once-tranquil seas are undergoing noticeable transformations, with the impacts of rising temperatures affecting maritime operations. This imminent danger hits the core of maritime operations, namely the ports. Challenge 4: Insurance Challenges The rise of extreme weather events creates dilemmas for the insurance industry.

article thumbnail

Types of Risks Impacting Supply Chains in 2018

Material Handling and Logistics

These events also caused supply chain disruptions — although not all the effects may have been fully realized yet,” he said. For example the The 2016 Hanjin maritime carrier bankruptcy left workers, ships, containers, and product stranded at sea and in ports around the world. Economic situation can cause product or labor shortages.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Will the Post-Covid Era Result in Another Rate War and Shipping Perils?

MTS Logistics

COVID-19 and Hanjin’s bankruptcy both have had significant impacts on the global supply chain and share commonalities in the following ways: Disruptions to global trade: both events led to delays and increased costs for shippers and manufacturers who had to find alternative ways to transport their goods.

article thumbnail

Key Potential Issues in the Shipping Industry Over the Next Few Years

MTS Logistics

Climate Change and Extreme Weather Threats to maritime infrastructure and vessel operations could come from rising sea levels and more frequent extreme weather events. It will be necessary to employ adaptation strategies to lessen these effects.

article thumbnail

Decarbonise UK Freight Transport Sector

Logistics Business Magazine

The end of project report released today by the Decarbonising UK Freight Transport (DUKFT) Network, suggest several ways to overcome the chicken-and-egg problems associated with decarbonising road, rail and maritime freight transport.

article thumbnail

IMO and Kingdom of Saudi Arabia sign new partnerships

Shipping and Freight Resource

Potential stakeholders include donors, regional maritime technology cooperation centres, various decarbonization R&D centres, Global Industry Alliances, financial institutions, and more. The foundation Project will undertake regional and global consultation workshops to design the key elements and framework of the global programme.

article thumbnail

Navigating a Lost Bill of Lading (BOL) with Courier Companies in International Trade

MTS Logistics

According to a 2020 analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 million per event. However, supply chain disruptions caused by document delays or loss can have severe financial consequences for businesses.