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What Does Current Port Congestion Mean to Everyone?

ShipLilly

For example, there is a lack of skilled personnel to handle supply chains and the sheer volume of goods that are being moved is straining virtually all international ports. First, there was a sharp fall in demand and then it recovered beyond expectations as demand shifted towards eCommerce.

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What is causing High Shipping Rates in a Depressed Market?

ShipLilly

Other data supports these patterns. For example, the Drewry World Container Index showed that the current spot rate of $9,371 per FEU is nearly seven times what it was in 2019. Lars Jensen of Vespucci Maritime suggested to American Shipper that global demand for the beginning of 2021 is 4% higher than it was two years ago.

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What Does Current Port Congestion Mean to Everyone?

ShipLilly

For example, there is a lack of skilled personnel to handle supply chains and the sheer volume of goods that are being moved is straining virtually all international ports. First, there was a sharp fall in demand and then it recovered beyond expectations as demand shifted towards eCommerce.

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Preparing for the future of logistics – the Singapore way

The Logistics Academy

The Government will work closely with research institutes and private companies to develop a new research ecosystem and tap the full potential of technological innovation (autonomous vehicles, big data…). Another example of effective collaboration is the Logistics Professional Conversion Program. Focus on Talent Development.

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The Great Maersk Shift

Freightos

The two other advantages that a full asset owner in the container space can leverage is the ability to combine data and containers for new and smarter services , as well as improved exception management for actually changing the trajectory of shipments when containers are underway. A Maersk ocean liner generates some 2 GB a of data per day.