United Arab Shipping Company (UASC) has been struggling financially, posting significant losses in 2015 and the first half of 2016. To rescue UASC, German shipping company Hapag-Lloyd agreed to a merger. The merger will make the combined company the fifth largest container carrier globally, gaining access to bigger ships on the Asia-Europe route. However, it remains to be seen if being the fifth largest will be large enough to withstand difficulties in the challenging ocean freight market.
Is the SM Group The Next Ocean Freight Disruptor?Xeneta
Korean conglomerate, SM Group, is aiming to be a top 20 container vessel operator by focusing on the Transpacific and intra-Asia routes. While many fear that the mighty Maersk will take over everything and claim world dominance, SM Group isn't scared easily. I admire their guts and for sure we do need more competition in the industry. I wonder if it will at all make a dent, however.
How Can Smaller Carriers Compete Against Shipping Alliances?Xeneta
In the current economic conditions, there aren't many shipping lines that can operate entirely on their own; at least not on a global basis, as they cannot provide the required coverage all by themselves. Enter shipping alliances. However, there must be ways that smaller lines can offer value as well. We have surveyed our social media community and asked, "How can smaller carriers compete against shipping alliances?"
In the military world, it's called 'collateral damage,' meaning unintended casualties suffered due to an otherwise planned assault or airstrike. The results are predictable; senior officers apologize, cash payments are made to surviving family members, and an investigation is promised. The Maersk takeover of Hamburg Süd seems to qualify as such an event.
Higher Container Rates and Tight Capacity Leading into Chinese New YearXeneta
Chinese New Year, starting this year on January 28th, is a time in which most of Asia’s manufacturing facilities close for one to three weeks. Ahead of this period, however, businesses rush to import goods from Asia often in the midst of higher rates and tight capacity. In this week’s survey, we asked our community if they are experiencing higher rates and tight capacity leading up to the Chinese New Year.
The Megas are Coming: Containers Still Chasing CargoXeneta
While optimism and enthusiasm is a good thing, it could be said that containership carriers may very well have something else coming. There are too many megas coming into service, and this avalanche of empty boxes is threatening to upset the tenuous ocean freight rate gains of the past six months.
Is global shipping threatened by protectionism?Xeneta
While protectionism in trade may bode well for trade itself, does this protectionism affect or threaten global shipping? We asked our social media community “Do you believe global shipping is threatened by the rising protectionist sentiment?” Here are the results and analysis of protectionism.
As we reported in December 2016, there is both good and bad news on the horizon in 2017; it will be interesting to see whether or not the current rising rates are the vortex of a typhoon, or the calm aftermath of a tsunami. Certainly "imbalance" is the key word for this industry and trade as a whole. Shipyards are definitely suffering from a lack of balance.
Rumors of “who’s next” constantly swirl within the battered ocean freight market. Whether it’s another bankruptcy or acquisition, fallout within the market continues as it works to right the ship. Increasingly, the focus is on Taiwan’s Yang Ming. Can it continue as is, will it need propped up financially or will it be allowed to collapse? Many questions surround this carrier. Below we continue our carrier profile series.
Is the SM Group The Next Ocean Freight Disruptor?Xeneta
Korean conglomerate, SM Group, is aiming to be a top 20 container vessel operator by focusing on the Transpacific and intra-Asia routes. While many fear that the mighty Maersk will take over everything and claim world dominance, SM Group isn't scared easily. I admire their guts and for sure we do need more competition in the industry. I wonder if it will at all make a dent, however.
How Can Smaller Carriers Compete Against Shipping Alliances?Xeneta
In the current economic conditions, there aren't many shipping lines that can operate entirely on their own; at least not on a global basis, as they cannot provide the required coverage all by themselves. Enter shipping alliances. However, there must be ways that smaller lines can offer value as well. We have surveyed our social media community and asked, "How can smaller carriers compete against shipping alliances?"
In the military world, it's called 'collateral damage,' meaning unintended casualties suffered due to an otherwise planned assault or airstrike. The results are predictable; senior officers apologize, cash payments are made to surviving family members, and an investigation is promised. The Maersk takeover of Hamburg Süd seems to qualify as such an event.
Higher Container Rates and Tight Capacity Leading into Chinese New YearXeneta
Chinese New Year, starting this year on January 28th, is a time in which most of Asia’s manufacturing facilities close for one to three weeks. Ahead of this period, however, businesses rush to import goods from Asia often in the midst of higher rates and tight capacity. In this week’s survey, we asked our community if they are experiencing higher rates and tight capacity leading up to the Chinese New Year.
The Megas are Coming: Containers Still Chasing CargoXeneta
While optimism and enthusiasm is a good thing, it could be said that containership carriers may very well have something else coming. There are too many megas coming into service, and this avalanche of empty boxes is threatening to upset the tenuous ocean freight rate gains of the past six months.
Is global shipping threatened by protectionism?Xeneta
While protectionism in trade may bode well for trade itself, does this protectionism affect or threaten global shipping? We asked our social media community “Do you believe global shipping is threatened by the rising protectionist sentiment?” Here are the results and analysis of protectionism.
As we reported in December 2016, there is both good and bad news on the horizon in 2017; it will be interesting to see whether or not the current rising rates are the vortex of a typhoon, or the calm aftermath of a tsunami. Certainly "imbalance" is the key word for this industry and trade as a whole. Shipyards are definitely suffering from a lack of balance.
Rumors of “who’s next” constantly swirl within the battered ocean freight market. Whether it’s another bankruptcy or acquisition, fallout within the market continues as it works to right the ship. Increasingly, the focus is on Taiwan’s Yang Ming. Can it continue as is, will it need propped up financially or will it be allowed to collapse? Many questions surround this carrier. Below we continue our carrier profile series.
Is the Panama Canal Expansion Going to affect Freight Rates?Xeneta
With the trend of carriers employing ever larger ships in the global fleet, it comes as no small surprise that the infrastructure in ports all around the world are in need of some rather serious upgrades to be able to accommodate the new mammoth vessels. And, at long last, the Panama Canal will also be reflecting these new ship sizes as well.
Each time a GRI is announced, everyone holds their breath in anticipation that maybe THIS time the rates will stick; however, hopes are usually dashed thanks to the glut of surplus capacity even though there are signs of capacity removal by some shipping lines. Besides, does peak shipping season even still exist?
[Survey Results] How Do You Report Cargo VGM?Xeneta
On July 1 2016, the Safety of Life at Sea (SOLAS) amendment requiring packed containers to be properly weighed and verified before being loaded on board a vessel went into effect globally. Shippers, ports, container lines and others all noted few disruptions, but rumblings of additional charges from some terminals, liners and forwarders raised concern from shippers. In our latest weekly survey, we polled our social media followers to ask how they report cargo VGM (Verified Gross Mass).
How Beneficial Are Ocean Freight Industry Mergers?Xeneta
Recent news of Hanjin going under casts a seemingly darker cloud upon the shipping industry. The veritable arms race between ocean carriers to build bigger and seemingly more efficient ships has been met with devastatingly low demand, creating a serious issue for carriers. As more and more capacity continued to hit the seas in spite of continually dropping demand, carriers have been scrambling to find a solution.
A growing concern for the freight industry, is the lack of reliability on behalf of carriers, which is making shippers more than a little nervous. Carriers have been doing everything in their power in order acclimate to the dropping freight rates and dwindling demands. With rounds of GRIs pushed and failed, many carriers have simply resorted to cancelling sailings. These voided sailings, serving as a temporary stop-gap, allow carriers to get closer to maximizing capacity utilization rates at the expense of dependability.
We had the pleasure to have Professor Andrew Lubin at the Democratic National Convention this week. There was a lot of talk about trade and the TPP, some supporters as well as many opponents. Here is his take and how this year's U.S election can affect trade.
[Survey Says] What's Your Ocean Freight Shipping Expectation for 2017?Xeneta
Global economic growth remains weak for the rest of 2016 with the IMF projecting only a 3.1% growth and a slight uptick of 3.4% for 2017. Against this backdrop, the ocean freight market continues to struggle. We asked our social media community what they were expecting for ocean freight shipping in 2017. Here are their thoughts.
Do You Know the Financial Situation of Your Shipping Partner?Xeneta
The downfall of Hanjin not only surprised a number of folks in the shipping industry, but also resulted in big shipment delays. As the now bankrupted container operator looks to offload remaining containers by the end of this month, we asked social media friends if they know the financial situation of their shipping partners.
Webster's Dictionary defines efficient as “productive without waste”. Do your supply chains meet this definition? It’s a fitting question to begin the New Year, so we posed the question, “How efficient are your supply chains” to our community. Here are the results.
How will Hanjin's Collapse Affect Ocean Freight Rates?Xeneta
Hanjin's big bump in the road has made for some interesting reading and writing for bloggers and press. As a company focused on the ups and downs of ocean freight rates, we can only but speculate what effect Hanjin's drama can have on prices. So, naturally we went to our community to check the overall feeling on the topic.
Can We Pull the Plug on the Trans-Pacific Partnership?Xeneta
The TPP is a hot topic with varying opinions in the U.S. While it’s not uncommon for congress to get a bit wishy-washy when it comes to global policies, the TPP, in particular, has proven to be a considerable thorn in the side. Here is another piece on things to consider when it comes to the TPP.
As long as it’s not Hazmat, or the container is overweight, does it matter what is in the container?
The carriers still seem to care, but that ship has sailed with Moore-McCormack Line, LASH barges, and the concept of conference vs. non-conference carriers. Cargo was historically rated by weight or measure, with the ratings based on the type of cargo being carried.
Globalization Picks Up Pace as Shipping and Logistics Market RecoversXeneta
We look back at a much different ocean freight market versus in 2016. Higher rates, consolidations, and new alliances are the trend while faster, more efficient and digitization are the keywords for global supply chains.
Is the Ocean Freight Market a Buyer's or Seller's Market?Xeneta
2016 has been a year of turmoil and upheaval within the ocean freight market – the formation of new alliances, mergers and acquisitions and a bankruptcy of a major ocean liner. With these changes in mind, we asked the opinion of some industry players if the ocean freight market is becoming a seller's or buyer's market. Nothing was conclusive, but it for sure made for some interesting discussions.
Fixing the Ocean Freight Market Overcapacity Issue – Is it Done Yet?Xeneta
Improving global demand for goods has resulted in a higher demand for global transportation. Inventory re-stocking, improved US economic conditions and Chinese demand for raw materials as well as for such commodities as food and beverage have helped prop up a sinking ocean freight market plagued by overcapacity and unsustainable rates.
Blockchain in Supply Chain Management: Fad or Potential?Xeneta
Security, transparency of movement throughout the supply chain and electronically initiating and enforcing contracts, are vital for successful supply chains. Blockchain technology is is facilitating visibility and efficiency in transaction in various industries. In our latest survey, we asked if blockchain technology will help ease and make admininstration work in SCM more efficient.
While the technology for shipping might be accelerating rapidly, the pace of trade and more specifically trade growth, aren’t looking nearly as promising. Growth rates have been more than abysmal in 2016 only growing 1.7%. The rates for next year already have a dismal projection, dropping from a 3.6% to somewhere between 1.8 and 3.1% for the year. This marks the slowest rate of trade growth since the financial crisis of 2009. It's clearly why over supply in the container shipping market doesn't seem to be disappearing.
Who Do You Have Your Ocean Freight Contracts With?Xeneta
Ocean freight negotiations are a source of constant tussle between shippers and their service providers. This is especially true, post 2008 where the freight rates have been on a roller coaster ride making it very difficult to work with fixed shipping costs. The volatility of the ocean freight rates may also depend on “who” the shipper has entered into an ocean freight contract with. We asked our social media community who they have their ocean freight contracts with.
Hapag-Lloyd: Is there Light at the End of the Tunnel?Xeneta
“The container shipping industry is approaching an improved business environment as a range of factors that support a better supply and demand equilibrium start to take hold. The industry is definitely tough at the moment and while we can’t say the future is bright we can say there is light at the end of the tunnel.” Rolf Habben Jansen, CEO of Hapag-Lloyd said upon releasing its first half 2016 earnings report in August.
CMA-CGM: Has the NOL Acquisition Come at a Heavy Price?Xeneta
“In 2016, most probably, none of the 20 top companies will be profitable, consolidation will continue because small shipping lines will not be able to survive; the small to medium operators will be looking for a big brother to acquire them,” said Vice Chairman for CMA-CGM, Rodolphe Saadé.
Is the Panama Canal Expansion Going to affect Freight Rates?Xeneta
With the trend of carriers employing ever larger ships in the global fleet, it comes as no small surprise that the infrastructure in ports all around the world are in need of some rather serious upgrades to be able to accommodate the new mammoth vessels. And, at long last, the Panama Canal will also be reflecting these new ship sizes as well.
Each time a GRI is announced, everyone holds their breath in anticipation that maybe THIS time the rates will stick; however, hopes are usually dashed thanks to the glut of surplus capacity even though there are signs of capacity removal by some shipping lines. Besides, does peak shipping season even still exist?
[Survey Results] How Do You Report Cargo VGM?Xeneta
On July 1 2016, the Safety of Life at Sea (SOLAS) amendment requiring packed containers to be properly weighed and verified before being loaded on board a vessel went into effect globally. Shippers, ports, container lines and others all noted few disruptions, but rumblings of additional charges from some terminals, liners and forwarders raised concern from shippers. In our latest weekly survey, we polled our social media followers to ask how they report cargo VGM (Verified Gross Mass).
How Beneficial Are Ocean Freight Industry Mergers?Xeneta
Recent news of Hanjin going under casts a seemingly darker cloud upon the shipping industry. The veritable arms race between ocean carriers to build bigger and seemingly more efficient ships has been met with devastatingly low demand, creating a serious issue for carriers. As more and more capacity continued to hit the seas in spite of continually dropping demand, carriers have been scrambling to find a solution.
A growing concern for the freight industry, is the lack of reliability on behalf of carriers, which is making shippers more than a little nervous. Carriers have been doing everything in their power in order acclimate to the dropping freight rates and dwindling demands. With rounds of GRIs pushed and failed, many carriers have simply resorted to cancelling sailings. These voided sailings, serving as a temporary stop-gap, allow carriers to get closer to maximizing capacity utilization rates at the expense of dependability.
We had the pleasure to have Professor Andrew Lubin at the Democratic National Convention this week. There was a lot of talk about trade and the TPP, some supporters as well as many opponents. Here is his take and how this year's U.S election can affect trade.
[Survey Says] What's Your Ocean Freight Shipping Expectation for 2017?Xeneta
Global economic growth remains weak for the rest of 2016 with the IMF projecting only a 3.1% growth and a slight uptick of 3.4% for 2017. Against this backdrop, the ocean freight market continues to struggle. We asked our social media community what they were expecting for ocean freight shipping in 2017. Here are their thoughts.
Do You Know the Financial Situation of Your Shipping Partner?Xeneta
The downfall of Hanjin not only surprised a number of folks in the shipping industry, but also resulted in big shipment delays. As the now bankrupted container operator looks to offload remaining containers by the end of this month, we asked social media friends if they know the financial situation of their shipping partners.
Webster's Dictionary defines efficient as “productive without waste”. Do your supply chains meet this definition? It’s a fitting question to begin the New Year, so we posed the question, “How efficient are your supply chains” to our community. Here are the results.
How will Hanjin's Collapse Affect Ocean Freight Rates?Xeneta
Hanjin's big bump in the road has made for some interesting reading and writing for bloggers and press. As a company focused on the ups and downs of ocean freight rates, we can only but speculate what effect Hanjin's drama can have on prices. So, naturally we went to our community to check the overall feeling on the topic.
Can We Pull the Plug on the Trans-Pacific Partnership?Xeneta
The TPP is a hot topic with varying opinions in the U.S. While it’s not uncommon for congress to get a bit wishy-washy when it comes to global policies, the TPP, in particular, has proven to be a considerable thorn in the side. Here is another piece on things to consider when it comes to the TPP.
As long as it’s not Hazmat, or the container is overweight, does it matter what is in the container?
The carriers still seem to care, but that ship has sailed with Moore-McCormack Line, LASH barges, and the concept of conference vs. non-conference carriers. Cargo was historically rated by weight or measure, with the ratings based on the type of cargo being carried.
Globalization Picks Up Pace as Shipping and Logistics Market RecoversXeneta
We look back at a much different ocean freight market versus in 2016. Higher rates, consolidations, and new alliances are the trend while faster, more efficient and digitization are the keywords for global supply chains.
Is the Ocean Freight Market a Buyer's or Seller's Market?Xeneta
2016 has been a year of turmoil and upheaval within the ocean freight market – the formation of new alliances, mergers and acquisitions and a bankruptcy of a major ocean liner. With these changes in mind, we asked the opinion of some industry players if the ocean freight market is becoming a seller's or buyer's market. Nothing was conclusive, but it for sure made for some interesting discussions.
Fixing the Ocean Freight Market Overcapacity Issue – Is it Done Yet?Xeneta
Improving global demand for goods has resulted in a higher demand for global transportation. Inventory re-stocking, improved US economic conditions and Chinese demand for raw materials as well as for such commodities as food and beverage have helped prop up a sinking ocean freight market plagued by overcapacity and unsustainable rates.
Blockchain in Supply Chain Management: Fad or Potential?Xeneta
Security, transparency of movement throughout the supply chain and electronically initiating and enforcing contracts, are vital for successful supply chains. Blockchain technology is is facilitating visibility and efficiency in transaction in various industries. In our latest survey, we asked if blockchain technology will help ease and make admininstration work in SCM more efficient.
While the technology for shipping might be accelerating rapidly, the pace of trade and more specifically trade growth, aren’t looking nearly as promising. Growth rates have been more than abysmal in 2016 only growing 1.7%. The rates for next year already have a dismal projection, dropping from a 3.6% to somewhere between 1.8 and 3.1% for the year. This marks the slowest rate of trade growth since the financial crisis of 2009. It's clearly why over supply in the container shipping market doesn't seem to be disappearing.
Who Do You Have Your Ocean Freight Contracts With?Xeneta
Ocean freight negotiations are a source of constant tussle between shippers and their service providers. This is especially true, post 2008 where the freight rates have been on a roller coaster ride making it very difficult to work with fixed shipping costs. The volatility of the ocean freight rates may also depend on “who” the shipper has entered into an ocean freight contract with. We asked our social media community who they have their ocean freight contracts with.
Hapag-Lloyd: Is there Light at the End of the Tunnel?Xeneta
“The container shipping industry is approaching an improved business environment as a range of factors that support a better supply and demand equilibrium start to take hold. The industry is definitely tough at the moment and while we can’t say the future is bright we can say there is light at the end of the tunnel.” Rolf Habben Jansen, CEO of Hapag-Lloyd said upon releasing its first half 2016 earnings report in August.
CMA-CGM: Has the NOL Acquisition Come at a Heavy Price?Xeneta
“In 2016, most probably, none of the 20 top companies will be profitable, consolidation will continue because small shipping lines will not be able to survive; the small to medium operators will be looking for a big brother to acquire them,” said Vice Chairman for CMA-CGM, Rodolphe Saadé.
In this edition of Seaview we interview some of the leading names in international ro-ro, tanker and dry bulk shipping business and learn first-hand how they are addressing the current competitive market through increased efficiency while adopting environmentally friendly policies, can this be achieved, yes it can! Is LNG the marine fuel of the future, how is ship design changing to accommodate the particular storage challenges that this new “green” fuel brings and has the whole issue of LNG distribution been properly addressed? We take a look how the new generation of seafarers are going to be trained and the new cost saving tools that they will
use. And as always we will focus on safety and the latest initiatives that will ensure safe passage on ro-ro shipping. Lastly is the ConRo concept about to change the face of container shipping, read on and find out more in this edition of Seaview.
The maritime industry has been flirting with thirty-year low freight rates, which has pushed asset prices for vessels at historically low prices; if one were to believe 'buy low, sell high', this seems to be the perfect opportunity. However, as Basil Karatzas presents at the Mare Forum conference at the Cayman Islands in May 2015, 'going long shipping' may not be the ideal way to benefit from the present state of the market. Could providing loans and credit in the shipping be the best way to generate superior risk-adjusted returns?
The purpose of this report is to analyze the cruise ship company Royal Caribbean International as a whole and establish the key success factors with a focus on their cruise ship “Symphony of The Seas”.
Wartsila Venture Capital & Smart Marine Ecosystem Kevin HumphreysKevin Humphreys
How is Wartsila investing to find the next new technology for the smart marine ecosystem. Presentation to Connecticut Maritime Association CMA Shipping 2018 conference by Kevin Humphreys, Segment Sales General Manager - Merchant & Gas Carriers Wartsila's Digital Acceleration Centers are quickly bringing internal entrepreneurial ideas to market and finding new start-ups leveraging the Slush event in Helsinki. Wartsila is rapidly establishing its presence in the marine and power industries as a technology company.
American businesses, shipping products to destinations across the globe, have chosen the Port of Savannah as a critical gateway in their supply chains.
LogiSYM Magazine covers all the latest developments in the logistics and supply chain fields with regular news updates, industry features and one on one interviews providing detailed and up to the minute information enabling the reader to keep abreast with the ever evolving business scene.
3rd Offshore Support Vessels (OSV) Middle East 2014Ruoh Yi Tham
3rd Annual Offshore Support Vessels (OSV) Middle East 2014, the Largest OSV event in the Middle East, will be held in Dubai from 22-25 September. Network with regional and global industry leaders and get the latest updates.
Walmart Save the Day - Management of-change-presentationChormvirak Moulsem
In most countries, supermarket chains create and manage well-oiled supply chains to offer consumers lower prices and dampen inflationary trends. Inflation in India is touching decade-highs. But then it’s a fallacy that in India it is always about low price’. Companies like Tata, Birla and Reliance have all attempted to enter food-and-grocery retailing in India with mixed success. Will Wal-Mart’s supply chain work in India
A Shipping Company's Perspective presented by Mr Michael Bjørnlund, Managing Director, Maersk (Mauritius) Ltd. / Indian Ocean Islands at Africa Forum 2016
4 Tips on How to Overcome Challenges Related to Procurement of Ocean Shipping...Xeneta
Procurement of ocean shipping services is the activity of sourcing and procuring not only the best ocean freight rates, but also the best shipping services from among the various carriers available in the market in line with the requirement of yours and your customers’ businesses.
Play Nice: What is the Cost of Poor Supplier Relationships?Xeneta
Good supplier relationships are without a doubt vital if a business wants to control costs and have a healthy supply chain. As far as shipping and freight are concerned, BCOs (Beneficial Cargo Owners) are the customers who directly or indirectly, have to work, collaborate and manage business relationships with several suppliers.
FAK Developments Suggest Further Value From Long-Term ContractsXeneta
With the annual 2018 TPM conference in Long Beach having been and gone, Xeneta looks back at rate developments on the Far East - USWC trade and anticipates what it could mean for the coming months.
Will I Leave Money on the Table with 12-month Fixed Rates?Xeneta
This is part 2 of the Xeneta 11-part FAQ series focusing on key questions related to freight rate benchmarking and procurement. The series provides answers to the most frequently asked questions revolving around the complex world of ocean freight rate benchmarking and procurement. It provides you some tips and tricks to make the process a little less painful.
When is the Best Time to Negotiate Ocean Freight Rates?Xeneta
We are happy to announce the Xeneta 11-part FAQ series focusing on key questions related to freight rate benchmarking and procurement. The series provides answers to the most frequently asked questions revolving around the complex world of ocean freight rate benchmarking and procurement. It provides you some tips and tricks to make the process a little less painful. We'll release one FAQ per week, so please follow our blog to stay updated.
With ocean freight rates at all-time low. perhaps you believe you’re getting great rates and there’s no need to worry. In today’s business environment, companies are continuously looking for ways to reduce logistics costs but in order to identify potential cost savings, companies need to do their homework and utilize analytical tools to ensure they’re securing the most favorable freight rates. While businesses may actually think that they have optimized rates by only focusing on door to door rates, they often fail to realize that they may be missing out on other opportunities.
The Power of Data: Understanding Supply Chain AnalyticsXeneta
This is why supply chain analytics matters: Every day, every hour and every minute, countless packages and shipments are being moved around the world within never-ending flows of supply chains. These supply chains serve as the backbone of the world economy and, in truth, are what keeps the world moving. But consider for a moment the amount of data, information, and decisions that are required to make a supply chain not only operate but to do so effectively. While the end goal is to get the package from A to B as quickly and efficiently as possible, there’s a lot more going on behind the scenes that make it all work.
Will Low Sulfur Shipping Fuel Costs Increase Shipping Rates?Xeneta
One of the most important events in the world shipping industry was the International Maritime Organization's October 27th, 2016 announcement formally adopting rules to cut the amount of sulfur allowed in bunker fuel. S&P Global Platts reported in September 2017 that Ultra low sulfur bunker fuel in Rotterdam, for example, hit the highest assessed level since the S&P Global Platts assessment began in September 2015. It also reported that bunker fuel availability at Rotterdam had been steady although demand is on the low level as the market hopes that prices will decline.
The maritime world was a constant lead in the news during the past few weeks; we followed the Houston-Galveston port closings, record rains, and tales of communal heroism during Hurricane Harvey, and then we switched to Hurricane Irma’s horrific winds that caused such massive destruction in the Caribbean, and Florida, with the Georgia, Florida, and Carolina ports now beginning to reopen. Let's not forget the current storm, Maria, who has so far left Puerto Rico 100% without electricity. And then, there is, Jose, threatening the US east coast.
For those following box carrier rates and vessel scheduling, this might not be the most joyous of holiday times for everyone. The difference between US and EU economic growth is reflected in the container rates from Asia to each market.
Why Digitalization is Raising the Bar for Transportation ProcurementXeneta
When it comes to determining the most effective of procurement companies, the crucial factor comes down to technology. While technology has always played an important role, it will be the digital transformation in procurement that separates the wheat from the chaff when it comes to world class performance and world class operations.
The Process Of Benchmarking Supply Chain & Ocean Freight RatesXeneta
To make sure we are all on the same page, let me define benchmarking from our perspective.
Benchmarking is “a measurement of the quality of an organization's policies, products, programs, strategies, etc., and their comparison with standard measurements, or similar measurements of its peers.”
The Reach of Intelligent Freight TechnologiesXeneta
The term “Big Data” is one of those BS bingo words everyone is touting in the freight world, even I have written a lot about it in the past. All in all, it is about applying technology or modernizing the way business is done in the industry with the use of technological advances.
ENS is an acronym for ENtry Summary Declaration.
ENS is required by EU customs to do a security assessment of all cargo entering EU ports
Carriers can use their discretion as to the quantum of the ENS charge
Scared About Supply Chain Cybersecurity? 5 Reasons You Aren't Scared EnoughXeneta
Many organizations and supply chain experts are concerned about cyber security. The risks stemming from supply chain cyber threats are real. In fact, the danger is more frightening and potentially harmful than we realize. Here’s why.
The global shipping environment is rapidly changing, which means that shippers have to stay a step ahead to keep pace. Given that new changes are occurring daily, whether it be an unforeseen obstacle, delay, or changes in the roster, it falls to the shippers to make sure they make their supply chain as agile and flexible as possible.
Whether you are an existing importer, exporter, trader or a novice in the shipping and trading business, you need to know the secret to understanding sea freight rates before you enter into the business.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Improving profitability for small businessBen Wann
In this comprehensive presentation, we will explore strategies and practical tips for enhancing profitability in small businesses. Tailored to meet the unique challenges faced by small enterprises, this session covers various aspects that directly impact the bottom line. Attendees will learn how to optimize operational efficiency, manage expenses, and increase revenue through innovative marketing and customer engagement techniques.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
effectively manage the convert Accpac to QuickBooks , with a particular focus on utilizing online accounting services to streamline the process.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
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Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Explore our most comprehensive guide on lookback analysis at SafePaaS, covering access governance and how it can transform modern ERP audits. Browse now!
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
3. ABOUT
XENETA
At Xeneta we believe there is an untapped
potential for everyone in the industry, to
systematically learn from our individual
and collective efforts. We hold true that "if
you cannot measure it, you cannot improve
it". That’s why we think actionable metrics
is the key to continuously evolve for every
business, and ultimately the entire industry.
Rethinking global logistics is the vision of
Xeneta.
With international experience from the
logistics industry, we have first-hand
knowledge of the challenges related to high
volatility and lack of transparency in the
ocean freight market. By combining
logistics background and information
technology expertise, we found the solution
WE ARE
TRANSFORMING
GLOBAL
LOGISTICS
4. ARE YOU PAYING THE
RIGHT CONTAINER
FREIGHT RATES?
DISCOVER SAVINGS
POTENTIAL IN REAL
TIME.
CONTACT US.
5. HEADQUARTERED IN DUBAI,
UNITED ARAB SHIPPING
COMPANY (UASC) HAS ONE OF
THE YOUNGEST CONTAINER
FLEETS CURRENTLY IN THE
OCEAN FREIGHT MARKET AS
WELL AS ONE OF THE LARGEST
IN THE MIDDLE EAST.
6. FOUNDED IN 1976 JOINTLY BY SIX
SHAREHOLDING ARAB STATES OF
THE PERSIAN GULF (BAHRAIN, IRAQ,
KUWAIT, QATAR, SAUDI ARABIA AND
UAE), THE COMPANY HAS ALMOST
200 OFFICES AROUND THE WORLD
AND COVERS APPROXIMATELY 240
PORTS AND DESTINATIONS
WORLDWIDE.
8. WHAT LITTLE OF
UNITED ARAB SHIPPING
COMPANY’S
FINANCIALS THAT HAVE
BEEN MADE PUBLIC IS
CERTAINLY NOT VERY
PROMISING.
DURING THE FIRST SIX
MONTHS OF 2016, THE
COMPANY POSTED AN
OPERATING LOSS OF
USD $132 MILLION AND
NET LOSS OF USD $201
MILLION ON REVENUES
OF USD $1.5 BILLION IN
THE FIRST SIX MONTHS
OF 2016.
9. IN 2015, THE COMPANY HAD A NET LOSS OF $384.3 MILLION IN
2015, WHILE THE OCEAN CARRIER'S EARNINGS BEFORE
INTEREST AND TAXES (EBIT) WERE A LOSS OF $298.7 MILLION.
THE NOT SO STELLAR FINANCIALS PROMPTED ALPHALINER
TO NOTE THAT A NEGATIVE OPERATING MARGIN OF -9%
MAKES UASC “THE WORST PERFORMER AMONG ALL MAIN
CONTAINER CARRIERS THAT HAVE PUBLISHED FINANCIAL
RESULTS FOR 2015.”
10. OCEAN FREIGHT RATES ARE
INCREASING. FIND OUT HOW TO
STAY AHEAD OF THE MARKET.
DOWNLOAD
OUR WEBINAR
12. THE OCEAN FREIGHT
MARKET MAY NOT
HAVE KNOWN ABOUT
THE UASC’S
FINANCIALS IF IT HAD
NOT BEEN FOR THE
AGREEMENT WITH
HAPAG-LLOYD TO
MERGE. HAPAG-LLOYD
MADE THE
FINANCIALS PUBLIC IN
ITS ANNUAL MEETING
OF HAPAG-LLOYD
SHAREHOLDERS.
14. PRIOR TO THE MERGER,
HAPAG-LLOYD PLACED ITSELF
FIFTH GLOBALLY IN TERMS OF
CARRIER CAPACITY, AND UASC
IN ELEVENTH PLACE.
15. THE MERGER WILL GIVE HAPAG-LLOYD ACCESS
TO BIGGER SHIPS ON THE ASIA TO EUROPE
TRADE ROUTE.
AFTER THE DEAL IS COMPLETED, EXISTING
HAPAG-LLOYD SHAREHOLDERS WILL OWN
72.2%OF THE NEW COMPANY AND THE SIX
MIDDLE EAST GOVERNMENTS (BAHRAIN, IRAQ,
KUWAIT QATAR, SAUDI ARABIA, UAE) THAT OWN
UASC WILL OWN 27.8% OF THE MERGED
16. LEARN HOW XENETA CAN HELP
YOU GET INSIGHT INTO YOUR
GLOBAL OCEAN FREIGHT PRICES.
REQUEST
DEMO NOW
18. THE BENEFITS OF THE COMBINED UASC AND HAPAG-LLOYD
MARRIAGE ARE GREAT. HOWEVER, WILL BEING THE FIFTH
LARGEST CONTAINER CARRIER BE ENOUGH TO WEATHER THE
STORMY OCEAN FREIGHT MARKET?
UASC AND HENCE THE NEW COMBINED COMPANY DOES AND
WILL HAVE ACCESS TO DEEP POCKETS TO TAP INTO THANKS
TO THE FINANCIAL STAKE OF THE MIDDLE EAST
GOVERNMENTS.
IN ADDITION, DESPITE BEING DESCRIBED AS A “GROUPING OF
THE WEAK” THE START OF THE NEW ALLIANCE, THE ALLIANCE,
IS SCHEDULED TO BEGIN OPERATIONS IN APRIL 2017 AND
SHOULD BENEFIT UASC WITH ACCESS TO ADDITIONAL TRADE
LANES.