In a placid lagoon about a mile inland from the Atlantic coast in southeast Nicaragua, the mast of Cornelius Vanderbilt's dredge boat rises out of the water. The railroad tycoon abandoned it along with his dream of building an inter-oceanic canal in the 1850s. More than 160 years and several failed plans later, Wang Jing, a 40-year-old Chinese telecommunications billionaire, has emerged as the next mogul to give it a go.
The market index for Asia to North Europe is still on the decline, with the average for a 20-foot seeing a 19-percent drop since the 26th of May compared to the 26th of June, according to Xeneta, the price comparison service for sea freight. The market average for a 40-foot in Asia to North Europe performed similarly with a 20-percent decline in container shipping rates in the same period.
Sage North America has made available Sage Inventory Advisor, a cloud-based application which integrates with Sage enterprise resource planning (ERP) systems.
From the ground, Colombo's port does not look like much. But viewed from high up in one of the growing number of skyscrapers in Sri Lanka's capital, it is clear that something extraordinary is happening: China is creating a shipping hub just 200 miles from India's southern tip.
Three of the biggest ocean carriers in the container trades have established an operational space-sharing alliance, known as the P3 Network, on major East-West routes.
The Supply Chain Management Systems Project is a PEPFAR funded program administered by USAID designed to get life-saving drugs for the treatment of HIV/AIDs to many developing countries, most of them in Africa. Clinton De Souza, Warehousing and Distribution Principal Advisor, explains how the project has leveraged private sector logistics firms to exceed its goals.
Port security has become a complicated issue in today's world. Terrorist attacks over the past decade have shown the importance of securing major ports. However, the logistics and costs involved in ensuring the safety of ports have certainly made port security a major problem.
Drewry Maritime Research's latest Container Census reports that the world's container fleet grew by 5.3 percent during 2012, adding 1.6 million TEU to reach 32.9 million TEU. This increase was smaller than for either of the preceding two years, but less erratic than 2011 or 2010.
Total U.S. business logistics costs in 2012 rose to $1.33tr, up 3.4 percent from the year before, but remaining at 8.5 percent of the U.S. gross domestic product, according to the 24th annual State of Logistics Report released by the Council of Supply Chain Management Professionals and presented by Penske Logistics.
The latest news, analysis, services and systems regarding ocean transportation and its impact on global supply chains. Today’s companies are transporting and delivering container shipments in a more efficient manner than ever before using new services and technologies that provide information en route - allowing them to stay ahead of the competition in their industries. As ocean cargo services continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies are using ocean shipping solutions to power their supply chains.
Subscribe to our Daily Newsletter!
Timely, incisive articles delivered directly to your inbox.