The TT Club, a mutual insurance association, urged all participants at the International Maritime Organization's session on Dangerous Goods, Solid Cargoes and Containers to redouble their efforts to come up with a global regulation to verify the weights of containers.
While incidents of piracy decline off the Horn of Africa, an inestimable number of seafarers continue to bear the psychological impact of captivity by pirates. To describe their condition and to advise the maritime industry on how to care for affected individuals, the Seamen's Church Institute (SCI), in collaboration with New York's Mount Sinai School of Medicine, has released a report from its clinical study of the effects of piracy on seafarers.
For McCormick & Company, the ubiquitous producer of spices and flavorings, 2011 was one tough year. I'm not talking about financials; McCormick's net sales for the year were up 10.8 percent over 2010, to $3.7bn, while net income rose 5 percent, to $374.2m - not a bad performance in a sluggish economy. I'm referring to the anti-trifecta of disasters and disruptions that severely challenged the company's ability to service its customers.
Drewry, the U.K.-based maritime research and advisory firm, has created a new service, Drewry Maritime Equity research, to produce investment reports on companies operating in the maritime industry.
Two countries providing flags of convenience to merchant vessels, Panama and Cyprus, threw up roadblocks to the safe carriage of containerized cargo recently. With more than 80 percent of world cargo being moved on container ships and those ships getting ever larger, any measure that can make these shipments safer must be considered. Sadly, these countries find that some proposed measures are inconvenient.
A year after a flooding disaster in Thailand took out a large portion of hard-disk drive production, the industry has fully recovered with shipments to the computer market expected to hit a record level this year.
Daniel F. Lynch, director of international trade and transportation at Dalhousie University, reveals the importance of two-way trade between the U.S. and Canada - while offering a frank appraisal of the challenges that stand in the way of an ideal relationship.
Over the last two years, manufacturers and sellers of consumer products across the industrial spectrum have faced growing wave of class-action lawsuits brought by consumers. Perhaps your company can become less appealing as a target.
So often our discussions about supply chain center on arcane details and limited stakes. Production delayed? Get ready to pay more for expedited transportation. Lost a supplier? Might mean empty shelves at the supermarket. Life goes on.