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Demo Perez and Joe Lynch discuss Panama: the logistics engine of Latin America. Demo is a Founding Partner and Chief Commercial Officer of IPL Group , a Panama based 3PL that helps companies expand their business into the Latin American market by simplifying order fulfillment and regional distribution.
00:51] Tell us about yourself and what you do in Panama. I was born and raised in Panama and manage a 3PL. My main role is to promote the hub that Panama offers to the world. [02:19] 03:52] You’re the General Manager of Logistics Services Panama. Panama is becoming more interesting, and not only for the US. [10:40]
Global shipping is national news with most stories covering the symptoms. Since 1990, the size of ships increased 3X, but the design of the west coast ports remained largely unchanged. meters, to accommodate ships with 20 rows of containers) and 15.2 meters, to accommodate ships with 20 rows of containers) and 15.2
Byron is the Founder and CEO of Zergratran , an innovative and sustainable high-capacity transportation company that is building the world’s first tunnel to expedite shipping goods between the North Atlantic and the North Pacific. The Panama Canal bottleneck is causing supply chain disruptions worldwide and constraining global trade.
If Logistics Services Providers (LSPs) and shippers thought 2024 was going to be smooth sailing, the dual impact of the ongoing Panama Canal congestion and Red Sea shipping attacks has been a rude awakening with severe delays in container transportation, higher costs of ocean freight, and unpredictable departure and arrival times.
(NYSE: ETWO), the connected supply chain SaaS platform with the largest multi-enterprise network, has published the latest edition of its Ocean Shipping Index, a quarterly benchmark report that provides insight for decision-making around global ocean shipments.
Global shipping prices are continuing to rise as Houthi rebels keep up attacks on cargo vessels in and around the Red Sea. The disruptions are at a key point for ships passing through the Suez Canal and are creating ripples across supply chains in Europe and the U.S., And now on to this week’s logistics news. East Coast.
Amazon shipped last-minute Christmas gifts faster in 2023 than in 2022, according to data from analyst firm Momentum Commerce. products on the platform warned it would ship after Christmas. products on the platform warned it would ship after Christmas. DHL Group does not operate ships but it uses them to transport containers.
By Roy Bridgland (pictured) Senior Industries Director at Blue Yonder The post Impact of the Chinese New Year, Panama Canal & Red Sea on Global Shipping appeared first on IT Supply Chain.
Cargo ships lost 661 containers at sea in 2022, down from the 15-year average of 1,566 lost per year, according to the latest figures from the World Shipping Council (WSC). Some major ocean carriers have also announced new fees for goods shipped on the route as of June 1 in response to the canal restrictions.
Those goods flowed through three regional hubs – in Singapore, Panama City, Panama and Stabio, Switzerland – to 49 distribution centers, 24 of which VF operates. The old product development process involved shipping prototypes back and forth. The company works with 13 ocean carriers and 7 air carriers. Conclusion.
The number of vessels waiting to cross the Panama Canal has reached 154, and slots for carriers to book passage are being reduced in an effort to manage congestion caused by ongoing drought conditions that have roiled the major shipping gateway since the spring. And now on to this week’s logistics news. 11 release.
Another valid concern about larger vessels is that a ship carrying 18,000 to 19,000 TEUs will need about 100 acres of terminal within the port to carry out efficient operations. By the time an expansion may be completed, it may be operationally obsolete because of even larger ships. Lack of Terminal Space. Carrier Alliance Confusion.
The world’s oceans have been a vital part of global trade since humans first launched ships from shore. As a result, maritime shipping lies at the very heart of the global logistical system. In this concluding article, I want to discuss how climate change risks are adding to challenges faced by shipping firms and their clients.
Global shipping is national news with most stories covering the symptoms. Returning containers is an ongoing issue resulting in some manufacturers investigating a return to break-bulk shipping (container free). Since 1990, the size of ships increased 3X, but the design of the west coast ports remained largely unchanged.
The Panama Canal opened a new lane for larger ships this week, and East Coast ports have been expanding efforts to attract Asian imports that would otherwise arrive on the West Coast. The canal expansion has run into plenty of obstacles along the way, and many East Coast ports still aren’t ready to accommodate the larger ships.
Beagen has extensive experience in oceanborne commerce and maritime law, with specific emphasis on maritime transportation, Shipping Act issues, supply chain management, international antitrust law, and port and terminal operations.
billion Panama Canal expansion project was completed. The canal reopened with a new set of locks on both the Atlantic and Pacific sides for ships to easily flow through the canal without risk of delay due to accident or various water levels. This time last year, the $5.25 During the expansion, there was also an. Read More.
This can cause massive flooding for coastal cities, impacting manufacturing and shipping times. As I wrote about a few weeks ago, the Rhine River , which has been a reliable shipping lane for centuries, is at risk due to climate change. A drop of 10 centimeters (four inches) means about 100 fewer tons can be transported per ship.
Last month the world’s largest container ship, the MSC Oscar , set sail from a South Korean shipyard. It’s hard to comprehend just how large the ship is… here are some examples of what it can carry: 19,000 shipping containers. These massive ships are also behind the current project to widen the Panama Canal.
What’s happening in the Panama Canal 2023? The Panama Canal, a crucial 50-mile waterway that six percent of all global trade passes through, faced major traffic jams this month due to a historic drought. Some ships were delayed by as much as 21 days. How long will the Panama Canal drought last?
As world affairs go, the most recent Global Liner Shipping conference in London did not stir up much interest in the global news cycle. The Panama papers were still hogging the headlines and competing hard against dissections of mishaps in the private lives of British politicians. The price we have to pay to keep the industry afloat.
These disruptions occur for myriad reasons, such as factory disruptions in China or ships getting stuck in the Panama Canal. Companies are sourcing materials from all over the world, and need to identify those regions which are most important, and which provide the greatest risk for disruptions.
The quarter ended on a somber note for digitization, as a global cyber attack called Petya infiltrated Maersk Line’s systems, leading to a freeze on new bookings of containers on Maersk ships and halting operations at APM terminals for a couple of days. Download the full report now. DOWNLOAD REPORT NOW.
The 50-mile span of the Panama Canal connects the Pacific and Atlantic oceans, which has shortened shipping duration between countries and continents 1. One of the largest improvements.
Drought conditions at the Panama Canal are not a good match for its high water demands; it takes at least 50 million gallons of water , with some sources citing much more, to move a single ship through the 51-mile waterway. Under normal operating conditions, the Panama Canal handles 36 to 38 ships per day.
Cleo’s solutions empower teams to drive business agility, accelerate onboarding, facilitate the modernization of key business processes, and capture new revenue streams by reimagining and remastering their digital ecosystem through robust application, B2B, and data integration technologies.
An Expanded Panama Canal Takes Logistics into Uncharted Waters.Connect. Since the Panama Canal opened this past Sunday, we wanted to share it with you again. In December, the Port of Los Angeles handled the largest container ship ever to call at a North American port. Editor’s note: This post originally ran in February.
In December, the Port of Los Angeles handled the largest container ship ever to call at a North American port. The enlargement of the Panama Canal is scheduled for completion this year, enabling mammoth-sized container vessels to transit the waterway. These big ships are expected to alter the distribution of cargo between U.S.
Panama Canal delays causing unrest for Shippers The Panama Canal is currently facing disruptions due to low water levels and restrictions imposed to conserve water. Delays at the canal have…
Or the Panama Canal drought, which forced authorities to cancel ship crossings by 36%, costing between $500 million and $700 million. The result was a shift and acceleration towards nearshoring, reshoring, and source diversification.
2024 is kicking off right where 2023 left off: with lots of risk and uncertainty in ocean shipping, as several of the news items below highlight. Happy New Year! I hope everyone had a fun and relaxing holiday. What lies ahead in the world of supply chain and logistics? Everything from the known knowns (e.g.,
New Panama Canal Options: Running the Numbers with a TMS.Connect by TMC. When the expanded Panama Canal opened this June, a new set of routes became available for shippers and beneficial cargo owners (BCOs). As described in my previous blog post , the enlarged Panama Canal can handle container ships up to 13,000 TEUs in size.
Here’s a look at two recent major droughts that have impacted supply chains: Panama Canal Drought Impact on Supply Chain In 2023, the Panama Canal, one of the world’s most important waterways, faced one of the driest years in over 140 years. In April, the Panama Canal Authority will reevaluate water levels.
Global Shipping Effects of the Hanjin Bankruptcy. Hanjin Shipping, a South Korean company and the seventh largest container shipper in the world, filed for bankruptcy on Wednesday, August 31, 2016, which has prompted significant questions and confusion around the world as to how this will affect global shipping.
East Coast Ports Could Gain 10 Percent Additional Share Following Panama Canal Expansion. Moving on to technology news, Cloud Logistics announced new enhancements to its transportation management system (TMS), including: Advanced third party logistics (3PL) capabilities to support complex hierarchical relationships and shipping rules.
For example, the China-owned COSCO and China Shipping Container Lines (CSCL) have confirmed their merger. Panama Canal Expansion. The Panama Canal expansion, slated for completion this spring, will impact logistics in a big way. Those uncertainties are considered the root of many consolidations. Free Time and Chassis.
Supply Chain Dive –With one of the worst droughts in history, the canal is forced to place restrictions on the amount of cargo ships can carry. The Panama Canal, and Central America more broadly, is experiencing one of the worst droughts in its recorded history. The post The Panama Canal is thirsty.
This situation has been compounded by the fact that Covid-19 essentially exposed what was already an underperforming process thanks to factors such as the US-China trade war, less efficient shipping routes and a huge drive to cut costs by consolidating loads. Shipping challenges.
The Panama Canal expands in 2016, allowing for more and larger (post-Panamax) ships to make the passage from East Asia to the United States. Our paper looked at the question of how much traffic the expanded Panama Canal would divert to East Coast ports from a number of angles. In 2015, the Boston Consulting Group and C.H.
The latest updates on shipping delays in the Red Sea in January 2024, including which businesses and industries have been impacted. This response is driven by ongoing threats to crew and cargo safety, necessitating the rerouting of ships around the Cape of Good Hope, resulting in substantial delays and escalated shipping costs.
The Panama Canal’s Big Bet Is Paying Off (WSJ – sub. CSX customers demand end to shipping bottlenecks as CEO apologizes (Reuters). FAA Panel Splits on Drone Tracking Requirements (WSJ – sub. SMC³ Expands API Relationship with MercuryGate, Launches New Pricing API. One Network Delivers New ONE Chain™ Solution.
Heading into this year, the global shipping disruptions that impacted transit times related to having to avoid the Suez Canal because of Red Sea terrorist attacks, or reduced water levels in the Panama Canal requiring reduced transit slots were generally mitigated. Global wide manufacturing activity levels as measured by the J.P.
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