shipping insight 2022


Shipping is faced with multiple threats: geo-political forces, cyber, piracy, and economic security. Some of these are fundamental in nature and portend an industry-wide change in mindset and way of working, leaving a long term mark. Join your industry peers to learn from our colleagues and partners how best to navigate the demand for answers and solutions! July 19, 2022- MARITIME COMMONS- Maritime industry leaders will be converging, July 18, 2022- PHILADELPHIA: WISTA USA Delaware River and Bay Chapter will be presenting Women. Further, this acquisition activity is not restricted to within the industry but stretches upstream and downstream to include players active in other segments of the supply chain. If you are at Posidonia, stop by the SHIPPINGInsight New Tech Pavilion (booth 2.468) and meet our innovators firsthand. Then plan to attend both the Trading in US Waters seminar and the SHIPPINGInsight SHARK TANK both held in the Central Seminar Room beginning at 1030. Our ethos is to treat our, Internationally recognized for quality products and top-notch field services, Scienco/FAST is an original equipment manufacturer, Founded in 2017, Transparensea Fuels has quickly established itself as an honest and competitive, independent, The Liberian Registry has been proudly serving the shipping industry for over 71 years. Its mission is to provide industry leaders, Moran Shipping Agencies is proudly celebrating 84 years of steamship agency excellence in 2021. SHIPPINGInsight 2022 will feature exclusive sessions highlighting the latest tech for decarbonization, digitalization, data management and display, tools of transparency, cyber security, compliance, automation, communications/satellite technology, training, disruption, diversity and more. Returning for 2022 is the Shipowners Roundtable Luncheon, the ever-popular SHARK TANK session, and the coveted SHIPPINGInsight Innovation Award. While Carriers like Maersk have always had a freight forwarding arm and have now focused on targeted acquisitions in key markets, other Carriers have brought out global freight forwarders (CMA CGM acquiring Ceva Logistics or MSC acquiring Bollore Logistics). This option has the advantage of being the most straightforward one, where the Carrier can use the bunker directly, without having to do anything else. While our industry. We are unlocking the potential, The American Clubprovides secure and responsive Protection and Indemnity and Freight, Demurrage & Defense insurance, Where do you go when you need the very latest on the deals shaping the, DenizTemiz Association/ TURMEPA was founded by Rahmi M. Ko and the Shipping Chamber of Commerce, From 1 January 2020 International Maritime Organisation regulations for marine pollution require the sulphur in, Wrtsil is a global leader in smart technologies and complete lifecycle solutions for the marine, Founded in 1946, Becker Marine Systems has developed into the market leader for Maneuvering Systems, Bilfinger is a leading international industrial services provider. For more information, please visit www.shippinginsight.com, Photo: SHIPPINGInsight Chief Evolution Officer, Carleen Lyden Walker, Read the full newsletterhere. The resultant decline in the number of market participants prima facie creates the impression that competition is reducing and that the container shipping industry is becoming highly concentrated. Its mission is to provide industry leaders, Petrospot is an independent publishing, training and events organisation focused on the maritime, energy and, SAFETY4SEA (incorporating GREEN4SEA & SMART4SEA) is on a mission for Safe Ships & Clean Seas,, ship.energytracks the maritime sectors journey towards a decarbonised future. Recognising this, Carriers are increasing focusing on inculcating a customer-centric mindset to better fulfil the needs of customers and improve customer service levels. Give us a call or email us for more information where fleet management meets maritime technology, Industry Titans Headline SHIPPINGInsights Decade of Demand Conference October Event Explores Forces Impacting Shipping, USCG Commandant Admiral Linda Fagan to Receive Leadership Award of Excellence at Women Making Waves 2022 Event, Decade of Demand- Avoid being the low hanging fruit. 2022 SHIPPINGInsight. The same cannot be said for the risks associated with being in the middle of an ocean. While this seems obvious, we need to draw the distinction between autonomous and unmanned- the first being a practical approach to dealing with the vagaries of shipping, and the second only applicable to coastwise or short sea transits. Disclaimer:The authors views expressed in this article do not necessarily reflect the views of Marine Insight. 1315:Shipowner Panel Hosted by Cayman Shipping Registry, Keynote Address:Professor James Henry Bergeron, Political Advisor to the Commander, Allied Maritime Command, North Atlantic Treaty Organisation (NATO). While not a lot of tangible evidence has been presented in support of these claims, the magnitude of supply chain issues, the resultant increase in end-user prices and the overall inflationary impact have created sufficient public pressure to compel numerous Governments to launch preliminary investigations into what Shippers construe to be malpractices. Carriers have also pushed for multi-year contracts, thus locking up customers at those rate levels for a longer period. 16, Col. Ladrn de Guevara, C.P. Also, over the recent months, the price spread between LSFO and HFO/ Normal fuel has been increasing, implying that Carriers opting for LSFP will see significant cash outflows toward their bunker bills. Achieving full industry decarbonization by 2050 will, quite literally, require all hands on deck. While rates are still fairly high, some Carriers are now adopting a comparatively nuanced approach, keeping long-term profitability in mind, and signing up long term agreements with higher than average contractual rates (which though lesser than the current spot market rates, are still far higher than the average historical contractual rates). What they are looking for is accountability and transparency. There is a new normal facing shipping today which needs to be addressed in order to be successful moving forward. While much of the conversation both in the conference halls, Award Presented at the Posidonia SHIPPINGInsight SHARK TANK event Athens, Greece June 9, 2022 The prestigious SHIPPINGInsight Innovation Award was brought to Posidonia in Athens, Greece for the first time last week and was presented on Thursday, June, Read the full newsletter here. Read the full newsletterhere. These increased costs are primarily on account of the below: a) Bunker costs: With the need to comply with regulations lowering the permissible Sulphur content in bunker fuel, Carriers will need to select from a range of options available to ensure adherence and to avoid the risk of penalties and punitive action, besides the inevitable negative publicity in the event of their failure to do so. For many years I have thought about commercial shipping only in the context of transporting goods, energy and people from one point to another as the engine of global trade. This highly relevant theme for SHIPPINGInsight 2022 was announced by Carleen Lyden Walker, SHIPPINGInsights Chief Evolution Officer. From, The American Clubprovides secure and responsive Protection and Indemnity and Freight, Demurrage & Defense insurance, The Bahamas Maritime Authority (BMA) - Your trusted Flag for quality ship registration Ranked, Veritas Petroleum Services (VPS) delivers testing, inspection and advisory solutions that help our customers achieve, The Viswa Group is a purpose driven organization with a passion to help the customers, ASR Now in our 69th year of service to the marine industry, AMERICAN SHIP REPAIR, Houston-based GTT North America (GTT NA) is the US subsidiary of GTT (Gaztransport & Technigaz),, International Registries, Inc.and its affiliates (IRI) provide administrative and technical support to theRepublic of the, MTI Network is the worlds leading reputation protection incident response network dedicated to serving the, Polaris Media is an award-winning maritime specialist PR firm. All Rights Reserved, into the decade, we are seeing massive changes affecting the maritime industry. Profesoras, profesores, estudiantes: Alistair Johnson owns 100% of the, Inmarsat sets the standard in maritime communications with the worlds most advanced commercial global mobile, The International Windship Association (IWSA) is a growing, member driven association that is encouraging, advising, For more than 35 years, KVH has been helping seafarers overcome challenges at sea, with, Maritime Reporter and Engineering News' first edition was published in New York City in 1883, Internationally recognized for quality products and top-notch field services, Scienco/FAST is an original equipment manufacturer, SICK is a leading manufacturer of intelligent sensors and sensor solutions for industrial applications. i) Installing scrubbers: Scrubbers (also known as Exhaust Gas Cleaning Systems) remove polluting effluents from bunker fuel, which lets the Carrier continue using the existing quality of the bunker. The shipping industry needs to find solutions to meet impending global requirements for reducing CO2 emissions and more. In an effort to mitigate risks from exposure to their primary business segment and also to offer a one-stop solution to consumers, Container Carriers have been increasingly scaling up their logistics competencies. This years conference and exhibition will explore the numerous ways that the maritime industry continues to be impacted by the challenges of the past two years, as well as the unique headwinds the industry faces in the years ahead. Required Documentation For Shipping Complete List. Carriers anticipate a steep increase in costs in the forthcoming months, which they will try to pass on to customers. Additionally, the period since Covid has been characterized by unprecedented levels of supply chain disruptions, with congestion plaguing all major ports across the globe and shippers paying rates 10 times the historical average, while still receiving markedly deteriorated service levels. Give us a call or email us for more information where fleet management meets maritime technology. Our quest to use digitalization tools for exploring autonomous shipping is giving us valuable information when we contemplate UNMANNED voyages. All the top Container Carriers have been active in the M&A market, to some extent at least. Give us a call or email us for more information where fleet management meets maritime technology, Australian Marine Environment Protection Association (AUSMEPA). While container liner schedule reliability has never been exceptionally good, it is often explained as a factor of the low freight rate environment that Carriers operate in (which compels Carriers to pare costs even at the expense of schedule integrity and service levels). For many years I have thought about commercial, Read the full newsletterhere. Fully autonomous operations have performed will on land with the ability for human intervention when needed. Call me nave. Call me nave. At SHIPPINGInsight our goal is to filter through some of these providers to bring the global shipping audience some of the most innovative new companiesand this year were bringing them to Posidonia 2022 in the SHIPPINGInsight New Tech Pavilion (booth 2.468 in the American Pavilion). This field is for validation purposes and should be left unchanged. Learn what industry experts believe is the pathway forward and associated challenges. Last week we noted that the tide seems to be turning on industrys adoption of decarbonization tools and fuels with 63 newbuildings being ordered to accommodate future fuel usewhatever that might be. Call me nave. Most Carriers are using this as a backup option, and newbuilds being commissioned recently are often touted as being equipped with dual-fuel technology, which permits the vessel to operate on LNG as well as another fuel type, thereby offering the Carrier operational flexibility. ioCurrents gathers,, First formed in 1989, the Methanol Institute serves as the trade association for the global, Nautilus Labs is building artificial intelligence to advance the efficiency of ocean commerce. With Carriers flush with cash from the record level profits in 2020 and 2021, there is growing cognizance of the necessity of strategically utilising their windfall gains to strengthen their competitive position, with continual scouring for potential acquisition candidates. How will our industry be judged on the worlds stage? We'll send you periodic updates about the conference. We deliver, NAVTORis a leading force in the provision of innovative e-Navigation solutions, and a total supplier, OceanManager, a maritime software solutions company, provides fleet management and operational intelligence software products and, With a mandate to improve maritime safety and sustainability, RightShip supplies the worlds leading independent, The mission of Tall Ships Americais to encourage character building through sail training, promote sail, Total Lubmarine is part of Total Lubrifiants S.A., a division within Total Group - the, Watson Farley & Williams is a leading international law firm providing multidisciplinary legal solutions to, WiseHealth, Inc. focuses on multimedia global outreach for improved outreach, communication, education, and engagement. Surveys & Forecasts, LLC create, Youll see the Cayman Islands Red Ensign on ships and yachts around the world. For many years I have thought about commercial, Read the full newsletterhere. The 11th Annual SHIPPINGInsight Conference will return in-person from October 11-13, 2022. The trifecta of society, charterers and regulators are forcing the shipping industry to accelerate its pivot to operations that reduce its environmental impact, while making it more efficient. stated Ms. Walker. This requires innovation that will provide additional benefits of transparency and accountability., This is truly the Decade of Demand, and SHIPPINGInsight will support the industry as it navigates its way to the future, declared Ms. Walker. We are marking this period of dynamic change by a return to the in-person format, moving to a new venue, and increasing the value of the event to the maritime industry at large. From shipowners to solution providers, all will gain an enhanced perspective on where we are going and how to get there as we explore the Decade of Demand.. Some of the more notable ones involving global carriers include Maersk taking over SeaLand, P&O and Hamburg Sud, CMA CGM acquiring APL, Hapag Lloyd taking over UASC, and COSCO buying out OOCL and the three main Japanese Carriers (NYK, MOL and K-Line) merging to form ONE. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); 2010 - 2022 Marine Insight All Rights Reserved. We, HudsonAnalytix is a US-based international business risk solutions company providing expertise and support to the, The North American Marine Environment Protection Association (NAMEPA) is a marine industry-led organization of environmental, P Ship Systems mission is to protect Seafarers, Environment, and the Sea, while saving money, Purify Fuel uses patented nanotechnology-based rare earth oxides to help large diesel operators save money, Surveys & Forecasts, LLC is a full-service marketing research consultancy. 1045: Demand for Innovation Shipowner Keynote, 1200: Presentation of the Innovation Award. Give us a call or email us for more information where fleet management meets maritime technology, Industry Titans Headline SHIPPINGInsights Decade of Demand Conference October Event Explores Forces Impacting Shipping, USCG Commandant Admiral Linda Fagan to Receive Leadership Award of Excellence at Women Making Waves 2022 Event, Decade of Demand- Avoid being the low hanging fruit. Posidonia returns to the shipping sphere! 2022 SHIPPINGInsight. From, Morgan Marketing & Communications LLC is a client-based, retained marketing and communications agency committed to, MTI Network is the worlds leading reputation protection incident response network dedicated to serving the, Petrospot is an independent publishing, training and events organisation focused on the maritime, energy and, Polaris Media is an award-winning maritime specialist PR firm. He helps companies spot trends, and evaluate their current products and services. txm Besides this direct outlay, other indirect expenses and opportunity costs include the lost revenue while the vessel is being retrofitted (which can be significant in the current high freight rate environment) and the slots lost due to additional space required for the scrubber (once again a substantial amount due to the current freight rates). It is truly 3 days not to be missed! Other advantages include the fact that the Carriers do not have to remove the vessel from active service for retrofitting, so the vessel can continue to generate revenue. Regulatory Compliance Challenges & Opportunities, Digitalization & Cyber Security Risks & Rewards. No falten al Encuentro de Innovacin Educativa, #InnovaForum de la @Universidad de Guadalajara , "Aprendizaje hbrido y pedagogas activas". psalms spurgeon leathersoft nkjv maclaren Carriers however have made record profits in 2020 and 2021, in part due to the congestion and capacity and equipment shortages, prompting other stakeholders to allege causation between the disruptions and Carrier profitability, abetted by collusion. ciccarelli delia July 19, 2022- MARITIME COMMONS- Maritime industry leaders will be converging, July 18, 2022- PHILADELPHIA: WISTA USA Delaware River and Bay Chapter will be presenting Women. The author and Marine Insight do not claim it to be accurate nor accept any responsibility for the same. Stamford, CTFebruary 16 Intensifying demands from every avenue continue to challenge the shipping industry in this Decade of Demand. What Are Common Freight Surcharges and Accessorial Fees in Container Shipping? Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. In the New Tech Pavilion,P Ship Systems, will share how they are sustainably turning evaporated water from ships into a steady stream of freshly produced drinking & cooking water, resulting in increased mariner welfare and a healthier planet. All Rights Reserved. A phenomenon that has been gaining traction over the past few years has been the rise of the Integrated Logistics Service Providers (ILSP). We, For more information about Exhibiting and Partnerships, contact Stella Ludovicy at s.ludovicy@shippinginsight.com. The preferred route seems to be inorganic growth, through the takeover of established players in target segments, which enables Carriers to rapidly scale up and acquire a ready customer base. 2022 SHIPPINGInsight. The Group enhances the efficiency of assets,, With nearly 40 shipping attorneys in New York, Washington, D.C., Houston, and Philadelphia, Blank Rome, Founded in 1828,Bureau Veritasis a global leader in Testing, Inspection and Certification (TIC), delivering high, CR Ocean Engineering, LLC, (CROE) offers the shipping industry superior scrubbing systems that reduce exhaust, The Ecochlor Ballast Water Treatment System (BWMS) uses a two-step treatment process to treat ballast, For more information, visit http://enterprisesolutions.net/, Fike Corporationis the leader in engine room oil mist detection, monitoring video from off the, Flying Nurses International is a medical transport company in business for over 23 years, utilizing, Hyde Marineis a world leader in UV ballast water treatment systems (BWTS) designed to prevent, An integral part of Innospec Inc. (NASDAQ: IOSP), Innospec Fuel Specialties is headquartered in Englewood,, ioCurrents'MarineInsightTMplatform empowers operators with real time insights to optimize operating profiles with intelligent data. The experience of the Mayflower Autonomous Ship which encountered mechanical failures in its second attempt to cross the Atlantic is case in point. All Rights Reserved. The platform gives shipping industry stakeholders. The Importance of Classification Societies in the Maritime Industry, Types of Lifeboat Release Mechanisms & SOLAS Requirements for Lifeboats. We, Surveys & Forecasts, LLC is a full-service marketing research consultancy. FuelTrust leverages its technology platform to create insights that reduce risk and improve ESG outcomes, The North American Marine Environment Protection Association (NAMEPA) is a marine industry-led organization of environmental, P Ship Systems mission is to protect Seafarers, Environment, and the Sea, while saving money, ABS, a leading provider of classification and technical advisory services to the marine and offshore, DNVis the worlds leading classification society and a recognized advisor for the maritime industry. We'll send you periodic updates about the conference. Click Here To Learn More.