Lloyd's Register
The American Club
Panama Consulate
London Shipping Law Center
Home HREvents, Conferences,Forums and Symposiums Decade of Demand- Avoid being the “low hanging fruit”

Decade of Demand- Avoid being the “low hanging fruit”

by admin

SHIPPINGInsight News 
July 3, 2022

Decade of Demand- Avoid being the “low hanging fruit”

Register Now!

In the past few months, we have seen governments balking at the higher cost of maritime transport as they try to mitigate the impacts of inflation on their constituents while watching multi-billion-dollar profits, which are predicted to be even higher in 2022.  In response, the United States has instituted regulations on companies to balance their trade (Ocean Shipping Reform Act of 2022), and companies like CMA CGM are being asked to reduce their rates.

As usual, shipping is “low hanging fruit”.  The lack of understanding about our business results in misplaced efforts to find solutions.  Yes, shipping needs to do its part to facilitate change, but too often the “solution” is misplaced, ineffective, and late- hurting our industry instead of finding solutions.

While I applaud CMA CGM’s swift responsiveness to the French government’s demand, I regret that we reached this highly visible action which will most likely have a ripple effect through the sector.  As seen in the United States, the responsibility for the short supply of vessels, increased consumer spending resulting in a logistics disruption, and subsequent supply/demand imbalance was placed squarely on the shoulders of shipping.  Yes, the many ships lying offshore in Los Angeles/Long Beach make a compelling visual, but they don’t tell the story of the narrow terminal, truck and train pipelines which were the source of the logjams.

Shipping needs to be proactive rather than reactive.  We need to identify the demand drivers and meet them as they arise, not when “civilians” have locked into misplaced positions which don’t resolve the issues, but rather hamper them.

Keep optimizing,
Carleen

Register for SHIPPINGInsight!

 Carleen Lyden Walker
     Chief Evolution Officer
     SHIPPINGInsight
     IMO Maritime Ambassador
     +1 203 255 4686 (o)
     +1 203 260 0480 (m)
     c.walker@shippinginsight.com
     www.shippinginsight.com

Partner Spotlight

SHIPPINGInsight is thrilled to welcome P Ship Systems as a Silver Partner!

We are fully confident of meeting your requirements and expectations to provide your ships fresh drinking water, while managing your costs and reducing your environmental impact. For your Bridge, Mess Rooms, Engine Room, Galley, etc. Our strong technical background in ships’ water existing infrastructure, our field-tested marine solutions and our hands-on daily experience and research allows us to do so.


For partnership and exhibiting information, please contact Rebecca Tribelli at r.tribelli@shippinginsight.com

Demand for Transparency
CMA CGM bows to Paris’s call for help, cuts import rates by $500 2022-07-01- France’s finance minister, Bruno Le Maire, had demanded earlier in the week that CMA CGM, and other companies making big profits in the transport and energy sectors, ought to help out as the nation battles economic. . . READ MORE

Demand for Alternative Fuels
Norway commits to nuclear research on ‘limitless’ Ulstein Thor interest 2022-07-04- Shipbuilder Ulstein unveiled Ulstein Thor earlier this year at Seatrade Cruise in Miami as a means of supplying zero-emission power to expedition cruise ships in remote regions. . . READ MORE
Source: Seatrade Maritime News

Demand for Decarbonization 
Only 35% of major shipping companies have made an IMO or net zero 2050 decarbonization pledge 2022-06-30- A new study conducted by the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, examines the top shipping companies’ commitment to decarbonization. . . READ MORE
Back to the Future? Cargo Giant Cargill Turns to Wind to Cut Carbon 2022-07-01- In a new take on ancient technology, Cargill, one of the world’s biggest charterers of ships, is to add state-of-the art sails to a vessel early next year to test whether wind power can cut its carbon emissions. . . READ MORE

Demand for Digitalization
David Ofer exits Zodiac Tankers to run family’s tech investment business 2022-07-01- David Ofer is stepping down as chief executive of Zodiac Tankers to head up his family’s tech-focused venture capital fund, OG Tech. . . 
READ MORE

You may also like

Leave a Comment