Author: Sheng Mou

Asia-to-Mediterranean Route Surpassing Predictions

In the first quarter of this year, cargo ship traffic growth has risen by 5.6 percent on the Asia-to-Mediterranean route. Early forecasts from last year had predicted only a 3 percent increase in growth on this trading route in 2017; however, the year-to-date volume, according to the Container Trade Statistics, reveals a whopping increase of 6.9 percent on this respective route. If anything, the global economy has been hard to predict, and this erratic behavior has directly carried over, and influenced the world of logistics. In January, the rate for a 40-foot container on the Shanghai-Genoa route peaked at...

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U.S. East and Gulf Coasts See Increase in Asian Imports

In the first four months of 2017, the ports of the South and Mid-Atlantic regions of the United States have experienced an increased share of container imports from the Asian market. This recent trend is believed to continue growing as vessels with capacities of 14,000 TEU will have access to the East Coast’s major gateways in the summer of 2017. The growth of these Southern ports and their respective populations, however, is coming at the expense of two of the largest gateways in the country: Los Angeles-Long Beach and New York-New Jersey. This can be seen in the growth...

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The New Silk Road

China is ready to continue its global leadership role. While China is a country always driven by its own national interests, its global initiatives, such as One Belt One Road, has the potential to ignite global economic growth and create developmental dividends for all associated countries within this infrastructure. The One Belt One Road initiative, launched in 2013, is the centerpiece of China’s economic diplomacy, connecting Asia, Africa, and Europe along five different routes. The initiative incorporates 60 countries along a new Silk Road, and has started to gain traction as China’s most important strategic initiative. What China yearns to...

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Gate Automation Plans are Paying Huge Dividends for Indian Ports

The majority of India’s container trades via major ports goes through the Jawaharlal Nehru Port Trust. In 2016, this Indian Port Trust had mixed results, however, it is poised to benefit from some major efficiency improvements. The largest of these improvements was made by digitizing several processes and upgrading the overall infrastructure of the Jawaharlal Nehru Port Trust. Port statistics reveal that the JNPT experienced a slight .7 percent jump in output of twenty foot equivalent units to a total of 4.5 million for 2016. With the introduction of gate automation, however, the JNPT anticipates that congestion will be...

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How Can We Avoid Another Hanjin Meltdown?

The after-effects of the Hanjin bankruptcy have settled in throughout the logistics world. Former customers still have concerns about how they can obtain containers that have been stranded on Hanjin vessels. Some have gone as far as hiring lawyers in an attempt to get back their possessions. Despite this valley in the logistics market, the worst is probably economically behind the logistics world according to economists, and a period of financial stability is anticipated to take place. When hearing that the top twenty carriers in the world lost approximately $4 billion so far this year alone, it is hard...

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