Tag: disruption

Lloyd’s of London has published a scenario which reveals the global economy could be exposed to losses of $14.5 trillion USD over a five-year period from the threat of a hypothetical geopolitical conflict causing widespread disruption to global trade patterns and supply chains.

In its latest Shipping and Safety Review, Allianz discussed how the changing weather patterns observed in the last years are disrupting supply chain, resulting in physical damage shipping incidents. The report cited recent examples, such as record low water levels on the Rhine and Elbe rivers and high water in Mississippi.

Volume growth is expected to continue for ports worldwide, but at a more modest pace over the next 10 years, said Fitch Ratings in a new report. An increase in protectionist trade policies, shifts in centers of production, and the advent of disruptive technologies are all factors which add complexity in future throughput.

The Port of Dover has the resilience to cope with moderate disruption arising from Brexit and there is latent short sea capacity to absorb significant overflow at the port in the event of capacity constraints, according to an independent study by global shipping consultancy Drewry.

During the 2019 SMART4SEA Conference, Christian Vakarelis, VP Media Communications, Navarino talked about the accelerated pace of technology which is expected to change humanity more in the next 30 years than in the previous 300.

During the 2019 SMART4SEA Conference Carleen Lyden Walker, Chief Evolution Officer of SHIPPINGInsight, addressed the challenges facing today’s shipping industry and its vulnerabilities and risks if it doesn’t take action to change the way it conducts business.

Technology is disrupting and transforming the way the port industry operates, while it is expected that more port operations will be automated in the longer term, noted Mr. Niam Chiang Meng, Chairman of the Maritime and Port Authority of Singapore at the opening ceremony of the 44th ASEAN ports association meeting on 27 November, Singapore.

A report published earlier in 2018 revealed the potential for all sectors of global economy –energy, food and agriculture, industry, buildings and transport – to halve GHG emissions by around 2030, emphasizing on stronger policies, digital revolution and greater climate leadership.

All set for SMM 2018, the  international maritime trade fair which will take place in Hamburg, Germany 4-7 September, focusing on smart shipping challenges as the theme of this year ''Trends in SMMart Shipping” reveals. SAFETY4SEA Team is heading to Hamburg to keep you in the loop with the latest trends and developments in automation, digitalisation and disruptive technologies.

Recently, Maersk and IBM named their blockchain venture, marking another step towards the upcoming transformation of global trade. Blockchain seems to emerge in many industries including the maritime. What are the benefits that shipping could take advantage of with respect to this new technology?