Trade Up Global Business Solutions’ Post

Several types of ships are used in global trade today to carry various types of cargo demanded by consumers and industries worldwide.. As per UN Trade and Development (UNCTAD) as of January 2023, the world’s merchant fleet consisted of 105,500 ships of at least 100 gross tons (GT) including 56 500 ships over 1000 GT reaching a carrying capacity of 2.3 billion dead weight tons (DWT).. A “ship” typically refers to a larger, ocean-going vessel, especially those designed for transporting cargo or passengers over long distances.. The term “vessel” is broader and includes a wide variety of watercraft, including boats, ships, barges, and similar structures used or capable of being used as a means of transportation on water.. While a ship is a type of vessel, not all vessels are ships.. The specific criteria for classifying a vessel as a ship can vary based on legal jurisdiction and context.. It also focusses on factors like size, navigation capabilities, and purpose.. In this article, I refresh the various types of ships used in today’s global trade, their uses, and categories..

Types of Cargo Ships used in global trade🚢 While a ship is a type of vessel, not all vessels are ships. The specific criteria for classifying a vessel as a ship can vary based on legal jurisdiction and context. It also focused on factors like size, navigation capabilities, and purpose. If your family business is facing similar challenges with its operations, a trusted partner can help. Feel free to reach out to Alan Mak Tin Loon or the AVARY Group team and see how we can help you. #familybusiness #buiness #businessacquisition #businessgrowth #familyoffice #familyownedbusiness #sellside #sellingyourbusiness #founders #foundersjourney #growth #asianbusiness #asianfamily #Asianfamilybusiness #singapore #singaporebusiness #entrepreneurship #australianbusiness #ukbusiness #esg #privateequity #venturecapital #mergersandacquisitions #smallbusinessowners #successionplanning #businesspartner #supplychain #supplychainmanagement #supplychainoptimization FBN-The Family Business Network Family Business Network (FBN) Asia Family Business Magazine Family Business UK Family Business Association (AU) Family Business Association (NZ) Family-Owned Business Alliance Family-Owned Businesses Small Business Association of Small & Medium Enterprises Supply Chain Management Global Supply Chain Council (GSCC) India Logistics and Supply Chain - Leadership Professionals The Logistics of Logistics Supply Chain Asia Community Ltd CSCMP - Council of Supply Chain Management Professionals

Shipping vessels, whether they are cargo ships, dry bulk carriers, or tankers, are essential to global trade. As they transport goods across vast oceans, these vessels require constant upkeep to ensure safe and efficient operations. Over the centuries, the shipping industry has evolved, as has the role of specialized service companies tasked with maintaining and repairing these vessels. Today, technical teams are at the heart of this support, providing critical services such as delivering spare parts, conducting specialized repairs, and maintaining onboard systems. This article explores the history of companies servicing shipping vessels, with a particular focus on the highly skilled technical teams that provide crucial onboard repairs and part replacements. We will also discuss how the needs of shipping companies have changed, and the challenges faced by modern service providers...

The container crane market is undergoing a major transformation with strategic moves reshaping the industry.    With a recent push for the US to onshore port crane manufacturing through a $20 billion investment, supporting American manufacturers over global manufacturers should help to boost the US economy and foster a more secure shipping industry. Mi-Jack Products is proud to be a key player in the US yard crane sector. Our American-made, fully electric RTG cranes are designed for both container stacking and high production, providing unparalleled efficiency and reliability. With 24/7/365 US-based service and parts, we're committed to supporting our customers every step of the way. Read the full article by WorldCargo News to learn more about these shifts in the container crane market and how Mi-Jack is contributing to this transformation ➡️ https://lnkd.in/gSnjkHGG #MiJackProducts #ContainerTerminals #MarineTerminals #PortEquipment #RTGCranes #SupplyChain

♦ Boxship Newbuild Contracts Now Stretch Into 2029   In a recent article by Sam Chambers for the reputable media outlet Splash Maritime and Offshore News (splash247.com), the container shipping industry is experiencing an unprecedented extension of newbuild contracts, now stretching into 2029. This development reflects the industry's long-term confidence in continued demand and the strategic moves by shipping companies to secure future capacity amid global trade uncertainties.   In the ever-evolving landscape of global trade, John S. James Co. stands out as a group of experts ready to assist with all your import and export needs. Whether you're a small business shipping occasionally or a large corporation with frequent shipments, our team provides the tailored expertise and comprehensive services required to ensure smooth and efficient logistics. From seamless customs clearance to precise freight forwarding, we are committed to delivering excellence for every client, regardless of size or shipping frequency.   Discover how John S. James Co. can support your shipping needs by visiting johnsjames.com.    #ShippingIndustry #ContainerShipping #NewbuildContracts #FreightForwarding #CustomsBroker #GlobalTrade #JohnSJamesCo #MaritimeNews #Splash247 #Logistics #SupplyChain #2029 #InternationalShipping

𝐃𝐢𝐚𝐧𝐚 𝐒𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝐬𝐞𝐜𝐮𝐫𝐞𝐬 𝐍𝐘𝐊 𝐋𝐢𝐧𝐞 𝐜𝐡𝐚𝐫𝐭𝐞𝐫 𝐞𝐱𝐭𝐞𝐧𝐬𝐢𝐨𝐧 𝐚𝐭 𝐛𝐮𝐦𝐩𝐞𝐫 𝐫𝐚𝐭𝐞 New York-listed Greek bulker owner Diana Shipping has won an extension for the time charter contract with Nippon Yusen Kabushiki Kaisha (NYK Line) for one of its newcastlemax vessels. NYK Line chartered the 2012-built, 206,104 dwt newcastlemax bulker Los Angeles for a gross charter rate of $28,700, minus a 5% commission paid to third parties, for a period until a minimum of October 1, 2025, up to a maximum of December 15, 2025. The company said that the charter was expected to begin on July 18 in direct continuation of the current charter which is on a day rate of $17,700. The employment of the Los Angeles is anticipated to generate around $12.43m of gross revenue for the minimum scheduled period of the time charter. Upon completion of the previously announced sale of the Houston bulker, Diana Shipping’s fleet will consist of 38 dry bulk vessels – four newcastlemaxes, eight capesizes, five post-panamaxes, six kamsarmaxes, six panamaxes, and nine ultramaxes. The company also expects to take delivery of two methanol dual fuel new-building kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. Currently, the combined carrying capacity of the fleet including the Houston and excluding the two vessels not yet delivered, is approximately 4.4m dwt with a weighted average age of 10.92 years.

Luxembourg – April 17th, 2024: DIS announces the signing of a shipbuilding contract with Jiangsu New Yangzi Shipbuilding Co., China, for the purchase of two (2) new Long Range (LR1 – 75,000 DWT) product tanker vessels at a contract price of US$ 55.4 million each. These new very efficient vessels are expected to be delivered to us in September and November 2027, respectively. P. d’Amico, Chairman and CEO of d’Amico International Shipping commented: “I am delighted to announce the agreement to build these two “Eco” product tanker vessels, which should be the most efficient and environmentally friendly LR1 vessels in our fleet. This deal is aligned with our strategic objective of controlling a very modern fleet. Additionally, thanks to this agreement, DIS will further strengthen its presence in the LR1 segment, reaching a total fleet of 8 modern vessels. I believe this segment of the market will continue to offer interesting returns in the next several years. In fact, on the one hand, the product tanker order book is still rather low, in particular for this size vessels, and on the other hand, the secular dislocation of world refining capacity away from some key consuming regions will continue expanding ton-mile demand, likely further benefiting LR1 vessels, which are currently already in high demand from our customers.” #DISIM #damicointernationalshipping #shipping #vessel #eco #investment #producttanker https://lnkd.in/di5nMnzH

BIMCO Container Shipping Market Overview for Q1 2024. #maritime #shipping #vessels #shipsandshipping #maritimelaw #maritimesafety #shipmanagement #maritimeindustry #ships #shippingindustry #marineindustry #maritimehistory #ocean #seafarers #shipbuilding #shipowners #maritimesecurity #maritimeinnovation #maritimelaw #maritimetraining #maritimeeducation

The Red Sea shipping crisis has significantly disrupted the global container shipping industry. With a considerable portion of global trade passing through the Suez Canal, the avoidance of this route due to safety concerns has led to increased shipping costs and extended transit times. However impacts on the Container Shipping Sector might not be necessarily bad. Consequences for Stakeholders: Shipping Companies and Owners: The increased risks and costs have pushed companies to reroute their ships around the Cape of Good Hope, adding significant time and fuel costs to journeys. This has led to a spike in operational costs and extended delivery times, affecting service reliability and profitability. The crisis has prompted a rush for new shipbuilding orders as companies look to modernize and expand their fleets to better handle such disruptions. Charterers and Logistics Companies: The increased costs and delays are cascading through supply chains, affecting logistics companies' ability to meet delivery schedules and maintain cost efficiencies. With shipping rates surging, the cost pressure is likely passed onto charterers who rely on timely and cost-effective shipping for their operations. Feeder Operators: These operators are facing increased pressure due to the bottleneck effects at major ports, exacerbated by the longer journey times and rerouting of mainline operations. The disruption has led to more significant congestion and delays at feeder ports, complicating regional distribution networks. Strategic Actions to Capitalize and Mitigate Negative Impacts - Diversification of Routes and Supply Chain Resilience: Companies should explore diversifying their transit routes and consider more robust contingency planning to handle similar disruptions in the future. This might include increased investment in alternative routes or even different modes of transport where feasible. - Investment in Fleet Modernization and Expansion: The current crisis underscores the need for a modern, flexible fleet capable of adapting to changing global conditions. Investing in newer, more efficient ships can help reduce the long-term costs and environmental impact of longer routes like those around the Cape of Good Hope. - Enhanced Risk Management: Companies should strengthen their risk assessment and management frameworks to better anticipate and respond to geopolitical risks that could impact shipping routes. This includes improved intelligence and security measures for assets that must transit high-risk areas. - Collaboration and Technological Integration: Building stronger partnerships across the supply chain and integrating more advanced logistics and tracking technologies can help mitigate the effects of disruptions. These technologies can provide real-time data to adjust operations dynamically, improving responsiveness to crises. #maritime #shipping #containers #ccpn #kelvinltb https://lnkd.in/gExYfVKf

Idan Ofer-led Eastern Pacific Shipping Pte. Ltd. is said to have added a near $1bn order for up to 12 car carriers to its vast #newbuilding programme of 80 vessels worth more than $6bn. Industry sources said the Singapore-based company had contracted two shipyards in China — Fujian Mawei Shipbuilding and China Merchants Jinling Shipyard — to build the series of LNG dual-fuel 5,500-ceu carriers. It has booked up to eight newbuildings at Fujian Mawei Shipbuilding — four firm vessels with the option for four more — while Jinling was contracted to build two firm ships with the option for an additional two. Eastern Pacific declined to comment on its newbuilding activities. One car carrier player confirmed the deals, adding that Eastern Pacific had lined up employment for some of the newbuildings with Spanish ro-ro car carrier operator Suardiaz Shipping Lines. The charter period and rates have yet to emerge. A car-carrier specialist said the mid-size pure car/truck carriers that Eastern Pacific has ordered are likely to be deployed between China and Japan, the US, Oceania, or in intra-Europe. He added that these vessels are needed as not all ports can accommodate larger ships of 9,000 ceu to 10,000 ceu. “The 5,500-ceu newbuildings were ordered with the intention of having a fleet renewal for regional trade … the orderbook for mid-size PCTCs is very low, unlike the bigger vessels,” the market specialist said. Clarksons’ Shipping Intelligence Network shows the global orderbook for PCTCs stands at 201, of which 96% are larger ships of between 6,500 ceu and 10,800 ceu. The remaining seven newbuildings comprise four 4,200 teu vessels, two of 3,000 ceu and one of 2,450 ceu. “For now, the Carbon Intensity Indicator and FuelEU are yet to be fully introduced, but I assume when it does after 2026, there will be probably a new contracting wave of PCTCs of this size,” the specialist said. He thinks shipowners may face a challenge in getting shipyards to build mid-size PCTCs as the vessels take up the same berth space as larger car carriers of between 9,000 ceu and 10,500 ceu. “Once again, Eastern Pacific is ahead of the [newbuilding] curve but it is paying as much as the large PCTCs that it had ordered,” he said. Eastern Pacific is said to be paying about $80m each for the mid-size ships, or about $960m for the dozen vessels. With the spree on 5,500-ceu vessels, the company is calculated to have splurged almost $2.5bn in ordering 30 car carriers including 18 LNG dual-fuel 7,000-ceu newbuildings between 2021 and early this year at an average price of about $83m apiece at yards under China Merchants Jinling Shipyard. #shipping #shippingindustry #PCTC #Greenshipping Pls refer to the link for more insights :https://lnkd.in/echw_jDM