Yearly Archives: 2023
Annual Contracts Being Reset At Significantly Lower Levels
Asia-Europe ocean carriers are becoming increasingly concerned that their failure to substantially boost container spot rates this month will result in annual contracts being...
Microsoft’s Transition To AI-Driven News Curation
Microsoft’s decision to increasingly rely on the use of automation and artificial intelligence over human editors to curate its homepage appears to be behind...
International Shipping Industry Faces Soaring Freight Costs As War Rages
The cost of shipping goods around the world is set to continue to rise due to geopolitical turmoil, experts have predicted.
Alongside soaring fuel prices...
How Flashback Arrestors Keep Maritime Gas Welding And Cutting Safe
Oxy-acetylene torches have been a staple in the maritime industry for many decades and are used for metal cutting, welding, brazing, and heating during...
A Healthy Approach: Building Firm Foundations For Well-Being at Sea
In the aftermath of the global pandemic, mental health and well-being at sea took a long-awaited place in public awareness. But is the industry,...
Can AI Cut Humans Out Of Contract Negotiations?
Luminance is preparing to launch a fully automated contract negotiation tool called Luminance Autopilot. The company plans to start beta testing with selected customers...
Some Shipping Lines Are Posting 9-Figure Profits Amid Downturn
The predicted container shipping wipeout is not here yet. Several container lines are still posting nine-digit quarterly profits, despite a tepid peak season, slumping...
Smaller Rate Rises Expected For 2024 P&I Renewal
International Group clubs to ask their members for a general rate increase of just over 5% on average next year. This is substantially...
Alcatraz Swimmers Have Close Call With Cargo Ship
A group of swimmers swimming from San Francisco to Alcatraz Saturday had a close call with a massive cargo ship that unexpectedly cut off...
TT Talk: Asset Management – A Case for Drones
Ports, terminals and similar facilities use a wide range of handling equipment assets to serve the global supply chain in the movement and storage...