It is well known that areas in Asia, specifically Hong Kong and Beijing, are reputable for their dangerous air pollution and constant smog. In response, Hong Kong has begun to implement restrictions for the transportation industry regarding fuel and emissions, while even offering up to 50% savings on port fees for those vessels switching to fuel that doesn’t contain sulfur. However, these incentives aren’t enough to make the switch for some large container-shipping vessels, because it is simply too expensive to switch from the dirtier oil. When transportation companies refuse to use clean fuel, it gives them a competitive advantage that energy-conscious companies won’t tolerate any longer.
globalEDGE Blog - By Tag: shipping
The way in which shipping is conducted can have huge implications for consumers and businesses around the world. As talks of sustainability and green energy continue to dominate the energy sector, businesses are looking for ways to make shipping less harmful to the environment. Hence, some companies have begun to ship their goods via sailing ships that use the wind as the source of energy. The organic and eco-friendly sector has jumped on this idea because the maritime industry is said to currently produce 3-5% of global carbon dioxide emissions.
Over the years, clean energy sources have become extremely popular as countries and governments around the world try to mitigate climate change by reducing carbon emissions. One of these clean energy sources is solar power which converts sunlight directly into electricity. Solar power has been used as a major energy source for many applications such as providing electricity for residential homes and industrial equipment. Recently, solar power has been applied to many new projects. One of which is shipping and if successful, solar powered shipping can have large impacts on the environment as well as international trade.
Most people view pirates as bandits dressed in funny outfits who sail around the world stealing treasure and stashing it on small, hidden islands. This may be a fun way to imagine the world, but modern day pirates are a real concern for shipping companies. Instead of stealing golden treasure, pirates commandeer ships with precious cargo and demand large ransoms from its owners.
You have to pay to ship your products to another country, but you don’t want it to cost you an arm and a leg. So what can you do? To be successful internationally, you must know how to get your products to your customers all over the world in a timely manner and at the lowest cost.
What was once an ancient risk now has a modern face, and is a growing concern for shipping companies. Following the release of the Maersk Alabama, the media has paid much less attention to the infamous Somali pirates. These pirates are still very much active. The number of piracy incidents has risen drastically since 2008. Back then, most of the acitivity conducted by pirates consisted of simply plundering the ship and fleeing. Now, the pirates are not only plundering the ships, but are also taking the ships and crews hostage for ransom. What changes could the piracy resurgence bring to the shipping industry?
Need to know how to complete a NAFTA Certificate of Origin or comply with customs regulations for outbound shipments? How about finding your Harmonized Code or Schedule B number? Head on over to the U.S. Census Bureau site and watch short, entertaining videos which provide step-by-step instructions. Save yourself time, money, and headaches by learning how to get your goods to the buyer.
A while back I wrote a post on the recent upsurge in piracy. At the time, a Saudi supertanker carrying $100 million in crude oil had just been commandeered, and the global shipping industry was unwillingly thrust into news headlines worldwide. In the end, the tanker was released for an undisclosed ransom, but the incident served as a catalyst for discussions on how to deal with the threat of piracy.
Navies from around the world have responded by sending ships to the coast of Africa to stave off attacks and hunt down the buccaneers. Even Japan sent forces to the region in a rare, post-WWII military action. The pirates are operating in an area larger than 1 million square miles however, making it nearly impossible for these forces to ensure the safety of shipping vessels. Shipping companies, consequently, must address the question of how they will manage the risk of piracy.
The latest event in a recent upsurge in pirate activity off Africa’s coast was also the biggest attack yet. A Saudi Arabian supertanker carrying $100 million worth of oil was commandeered by pirates 450 nautical miles away from the Kenyan coastline. This attack was unprecedented in both the size of the target and its distance away from shore, and as such represents a higher level of boldness on the part of the pirates.