2017 was a busy year for TOC and the shipping industry. Between Brexit, the end of the TPP and rising dangers across the sea, there was a lot of information to process. Our blogs are meant to keep you informed on changes in the industry and we hope the blogs of 2017 did just that. To wrap up the year, we wanted to take a look back on the events, numbers, and topics that we covered on our blog.
The implementation of the Joint Comprehensive Plan of Action nuclear agreement brought a progressive removal of key UN trade sanctions. The removal of these sanctions has positioned Iran as a country the world will have to (and want to) work with to optimize logistical trade routes and cut costs. A January blog discussed Iran’s new role as a logistical hub.
Brexit became a household term in 2017 and presented a lot of questions when it occurred. The EU has no procedures established for countries to exit – only enter. Once Article 50 of the Lisbon Treaty is invoked (which occurred in March after this blog published), that will trigger two years of negotiations. If all goes as planned, the UK could be out of the EU as early as summer 2019. We touched on what these changes might mean for the shipping industry.
In 2017, the Trans-Pacific Partnership (TPP) came to an end. While it could be said that this decision won’t have any immediate effects, it’s still unclear. Here’s a breakdown of what was lost and what could be.
In February, the International Maritime Bureau report showed that while piracy was at its lowest since 1998, kidnappings at sea were higher than the last 10 years. We explored various events, called out areas of concern, and covered how to be prepared.
Technology is becoming less of a trend and more of a survival skill within an increasingly borderless international community. The “need-to-know” basics are expanding to include every step of the supply chain. We took some time to discuss what students of the industry need to know and how the implementation of that education is changing.
Since a ship only has a lifespan of about 25-30 years, what happens when that ship can no longer be used? We broke down the process and concerns behind that process to explain what happens to a retired ship.
Unmanned ships, fact or fiction? A few years ago the idea leaned more toward fiction, today it’s a different story. 2017 was a year of technological advancements and 2018 won’t be any different. In this blog, we explore unmanned ships and when we can expect to see them hit the industry.
When a ship loses cargo en route to a delivery, the obvious costs are immediately apparent. There’s the cost of the material itself and replacing that material. There’s also the cost of a broken contract if the goods are not delivered. But what about the costs that aren’t immediately obvious?
The climate is in a constant state of flux. With each trip around the sun, temperatures change, weather patterns shift and industries affected by the weather must be constantly adapting. The shipping industry as a whole is feeling various effects caused by constantly changing weather patterns, and it could impact the way business is done in the future. We explore that impact in this blog.
The term megaship is used for vessels with a capacity of 18,000 TEU or more. But, the desire for bigger and better is not slowing down and 2016 saw a demand for large-scale vessels. That trend continued in 2017 and will continue into 2018. But what is the impact of the giants on the ports and the industry itself?
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