There are many whats and wherefores when it comes to thinking about blockchain and the technology’s application to the supply chain. It’s now a ubiquitous term when discussing the digitalization of the supply chain, but what it is and is not is key to understanding the great potential that blockchain holds for international shipping and trade.
Sep 14 2020 at 07:53 AM | International Trade | Commodity
In early August, a derecho – a storm with winds upwards to a 100-miles per hour – cut a 250-mile long swath wreaking destruction through Midwest states. Miles of flattened crops, crushed grain bins, downed power lines, damaged residences and toppled trees were left in the derecho’s wake.
After a considerable lead-up to the August 15th “initial review” of Phase 1 of the “greatest and biggest” trade deal between China and the U.S., the review was postponed just like someone hit the pause button on the remote.
Aug 24 2020 at 08:02 AM | Ports & Terminals | Equipment and Tech
There is no doubt that the Covid-19 pandemic has had a negative impact on ports as blank sailings and new routings cut ship calls. Nevertheless, the pace for integrating new technologies and equipment has quickened as the march toward maritime terminal digitalization and the greening of port operations is being embraced as an operational imperative.
Since Trump’s election the Atlantic trench has gotten wider as the differences between Brussels and Washington have grown more contentious. And trade is at the heart of the matter. With relations nearing a breaking point, can a U.S.-Europe trade war be averted…or is it already too late?
Jun 22 2020 at 09:44 AM | Ports & Terminals | Ports
Twenty years ago, the largest container port in the world was the Port of Hong Kong which handled just over 18 million TEUs. In fact, there were only two double digit [in terms of million TEUs] ports in the world - Hong Kong and its city-state rival on the Straits of Malacca, the Port of Singapore, which tallied over 17 million TEUs. In the latest container port rankings, fifteen ports hit double figures with the Port of Shanghai leading the way notching an astounding 43 million TEUs.
In a strange coincidence with the Covid-19 pandemic, the banana is facing its own pandemic – the disease, Tropical Race 4 (TR4), which like COVID-19 has no known cure and is racing across the globe laying waste to banana plantations and threatening the banana’s very survival.