IBM has evaluated the potential of Artificial Intelligence (AI) and found that it can transform the freight and logistics industry, giving rise to a new class of intelligent logistics assets and operational paradigms.
Threats of global trade war have come at a delicate time. The world economy has finally emerged from recession, with international economic growth expected to reach a seven-year high of 3.9% in 2018. Last year, global trade expanded by 4.2%, its best performance in six years.
For years shipping lines have been focused on building ever-larger container ships carrying up to 20,000 containers, for economies of scale. Over 40 ultra large container vessels (ULCV) are expected to join the global fleet in 2018. But falling charter rates and bunker charges mean that smaller ships are economic again.
Exceptionally high volumes of cargo will transit Heathrow in the run-up to the Easter weekend, impacting operations and commercial traffic entering and leaving the airport. This is what we are doing to mitigate any impact on Norman Global customers.
While China sees through its threat to slash scrap metal imports, will other regions emerge to absorb this spare capacity? An industry expert thinks there is one…………
HMRC determination to enforce penalty collection has reached a five year high, with 4,710 winding up petitions issued to business owners in 2017. Yet a free tool is available that ensures importers are HMRC compliant, protecting them from fines and penalties.
Hyundai Merchant Marine (HMM) is getting ready to launch its first service from Asia, since it quit the trade after the collapse of Hanjin Shipping, deploying the smallest ships on the route.
As we move towards the middle of February, Chinese New Year is just days away with workers across China looking forward to their extended break. The run in to CNY has had its usual impact on supply chains, carrier performance and rates. We review the situation and consider the air, sea and rail outlook for 2018.
The Silk Road or Silk Route was an ancient network of trade routes that connected China and Europe. In 2013 Chinese leader Xi Jinping launched a vision of the ‘New Silk Road’ in the ‘One Belt One Road Initiative’, spanning 60-plus countries across Asia, the Middle East, Europe, and Africa.
Maritime researchers Drewry have released their connectivity index for the world’s container ports, with Norman Global Logistics situated at four of the top seven.