In the past year, political shakeups around the world have added new layers of complexity to the already complex ocean supply chain. Within this, trade sanctions in particular have evolved dramatically in the last few months, and are putting greater pressure on companies to remain compliant.
Trade between China and countries along the Belt and Road reached a value of $786bn in the first three quarters of this year, up 15 percent on the same period last year.
Container shipping is emerging from a painful six-year slump, but a glut of tonnage that will hit the water over the next two years threatens to derail the nascent recovery.
The global shipping industry has come of age with more automation, game-changing technologies and the-internet-of-things. But embarking on this voyage has also made it a prime target for unforeseen, invisible, and highly destructive cyberattacks.
Seaborne trade grew by 2.6 percent in 2016, to reach 10.3 billion tons, but the pace remained below the historical three percent average, and demand for maritime shipping continued to lag behind supply, a new United Nations report says.
In 1967, the British Transport Docks Board (BTDB) commissioned McKinsey to assess a recent development from America: container boxes. The first ships built expressly for this new way of shipping goods had recently been launched, and a few U.S. lines carried them on their regular service. Our report advised the BTDB to rethink everything in light of this new disruption.
Challenge: Next generation ships carry more cargo than ever before. How can a port increase throughput in an environmentally sustainable manner while ensuring speed to market at destinations around the country?
A decade-old major highway bridge collapse in Minneapolis still serves as a deadly reminder of the price our nation pays for lack of transportation infrastructure investment.
Rolls-Royce has signed a deal with Google to develop Rolls-Royce's intelligent awareness software, which is already in use on ships today and will play a central role in the company's drive towards autonomous vessels.