Author: Ozan Sahiner

The Importance of Cyber Security in Logistics

“I am convinced that there are only two types of companies: those that have been hacked and those that will be.” These words belong to Robert Mueller, who was one of the longest-serving FBI directors in U.S. history with twelve years of service. Luckily, we haven’t seen any examples of merchant vessels or aircrafts hacked, but recent events have showed us that it is not the only way that hackers could target our industry. The risk of cyber-attacks on transportation modes continues to be significant, and each year, we see more and more cases that result in loss of...

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What is a Flexitank?

In the shipping container business, people mainly focus on the type of merchandise which can be boxed and sorted on pallets. In fact, this is only a portion of what can be shipped in those magical boxes. Handling different type of products is an important segment of logistics, and we utilize different type of containers to achieve that. Moreover, a container itself is not the only thing that we can utilize to handle our unordinary cargoes. We can use various types of packaging techniques to turn a dry van container into a liquid tank, too. One of the most common...

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Ship Breaking – Is it the Answer to the Shipping Industry’s Overcapacity Problem?

Undoubtedly, 2016 was one of the darkest years in shipping history. Financial distress was unbearable, especially for certain companies. Carriers formed alliances, smaller steamship lines got acquired by larger corporations, and creditors distributed more money to support their borrowers. Long story short, everyone did their best to survive in a collapsing industry. However, a lesser-known side of the industry had one of its most profitable years in decades – ship breaking. Ship breaking is a way of disposing unused ships by tearing them up, either for parts or raw material. Modern vessels are built to last for several decades, but after a...

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How the Trump Presidency will Affect Shipping and Logistics

Either you are a Republican or a Democrat, whether you are happy with the outcome or not, the election season is finally over. Donald Trump has been officially elected the 45th president of the United States. People called this result shocking, game-changing and for some of them, disappointing. Martin Schulz, the president of the European Parliament described it as ‘a protest vote’ similar to Brexit. Wayne Allyn Root, former Republican Party member and political commentator wrote a book to explain how this was an ‘Angry White Male’ revolution. Regardless of these opinions, one thing is certain: America has opened a...

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The Reason for Financial Distress in Shipping Industry

The economic collapse in September 2008 is considered by many economists to have been the worst financial crisis since the Great Depression. It cost the United States an estimated $648 billion due to slower economic growth and federal government spending to mitigate the financial crisis through the ‘Troubled Asset Relief Program’ has resulted in a net cost to taxpayers of $73 billion. The bottom line, the United States lost $3.4 trillion in real estate wealth in less than 8 months. However, real estate was not the only industry which got effected by this financial depression. The shipping industry was...

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