Articles

Global Logistics

Top Maritime CEOs Go All-In on Decarbonization Efforts

Top Maritime CEOs Go All-In on Decarbonization Efforts

Top executives from major global shipping lines have come together in a united move, urging the International Maritime Organization (IMO) to set an end date for fossil fuel-only newbuilds. A collaboration of global shipping leaders presented a joint declaration last week at COP28 (taking place in Dubai through December 12) aiming to accelerate the adoption […]

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The New Global Supply Chain: The Domino Effect of Geopolitical Tensions between China and the United States

The New Global Supply Chain: The Domino Effect of Geopolitical Tensions between China and the United States

With geopolitical tensions between the United States and China drastically increasing in the past year, global supply chains have shifted. Companies around the world are forced to diversify their supply chains to mitigate disruptions, reduce risk, and increase supply continuity. Here’s how we got here, where things currently stand, and how companies can move forward.  

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Aircraft Shortage: The Plane Truth

Aircraft Shortage: The Plane Truth

Expected aircraft engine shortages will have a substantial impact on the global supply chain’s cargo capacity and more. Fewer available aircrafts, combined with growing demand for air cargo services, could lead to a surge in freight rates, significantly affecting businesses reliant on air for time-sensitive or high-value goods.

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Panama Canal: Drought, Shipping, and the Supply Chain

Panama Canal: Drought, Shipping, and the Supply Chain

The past few months have been unusually dry across Panama and there is no sign of improvement over the next few weeks, let alone the rest of the spring season. In 2022, nearly 15,000 vessels with 520 million tons of cargo passed through the channel.

This year, there’s simply not enough water – leading to vessel restrictions and ultimately fewer goods able to travel through this area that normally moves about 6% of global maritime trade. Everstream Analytics’ Chief Meteorologist Jon Davis reveals how low rain levels at the Panama Canal are set to impact supply chains.

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