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How will the future of the shipping industry unfold in the coming years?
The shipping industry, which is the mainstay of world trade and commerce, is no exception to the new trends happening in the world. They are at the forefront of adopting state-of-the-art technologies and resources to stay competitive and meet the demands of a flourishing consumer class population which is benefitting enormously from globalization. International shipping has helped open up the world economy, enabling the unrestricted movement and exchange of commodities among nations. It’s a gigantic and complex industry ever under pressure to exploit the new digital technologies, raw materials and fuels.
“Flat Rack Containers” - What are their applications?
We are all rather familiar with the appearance, dimensions and uses of the standard dry shipping containers and reefers. As we know, standard containers are closed on all sides and equipped with a door on the front side. But wouldn’t you be interested to know that there’s yet another type of container called “Flat Rack Containers”?
The Suez Canal Crisis
Opened in 1869, the Suez Canal took 10 years to construct. 12% of world commercial trade and 2.5% crude oil passes through the Suez Canal each day. 50 ships pass through the canal every day. 1.03 billion tons of cargo passed through the canal in 2019. The Suez Canal is one of the most crucial waterways in the world strategically and economically.
"Container Lashing" - What do we understand from this, and how does it ensure the safety of vessels in the high seas?
In 2019, the shipping industry carried 226 million containers across the globe with cargo valued at over US$4 trillion. It’s interesting to observe that between 2008 and 2019, on average1382 containers, sank into the sea every year due to stack collapses. This brings us to the question – What causes container collapses, and how can we exercise better control over such incidents?
Do you know what are “One-way containers” and “One-trip containers”?
Think of a scenario where a container owner places his empty containers at another location without having to incur the usual freight charges that would apply for empty container repositioning. Will this not sound profitable to the container owner? Well, this is indeed what is achievable when a container-owning company transports containers as “One-way containers” and “One-trip containers” to other locations. Let’s go a little deep to understand how this works.
WHAT ROLE DOES A CONTAINER FREIGHT STATION PLAY IN THE SUPPLY CHAIN?
Consolidation and deconsolidation of cargo prior to import and export are crucial elements in the supply chain process. Here, we review the world of "Container Freight Stations" that contributes to efficient sorting of goods and relieves bottlenecks at container ports and terminals.
Shipping Emissions – how to prevent maritime pollution
Let’s begin by figuring out the magnitude of atmospheric pollution caused by the maritime industry from an example. Barely 15 large mega-ships account for an equivalent amount of pollution as caused by 760 million cars in the world. Today, shipping is the sixth biggest contributor of emissions and accounts for 2.5% of global greenhouse gases. It is estimated that the maritime industry emits approximately 940 million tons of carbon dioxide annually.
Have you ever wondered why container-stacks collapse at sea?
According to the World Shipping Council, between 2008 and 2019, an average of 1382 containers was lost at sea each year. This adds up to a staggering 16,584 containers lost during the period.
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