Cosco tracking vessel how to#

In October 2022, the International Chamber of Shipping (ICS) announced its goal of achieving climate-neutral shipping by 2050. Around 60,000 larger merchant ships, including around 6,000 container ships, operate on the world’s oceans. Maritime shipping accounts for around 3% of global CO2 emissions, according to a report published in October 2017 by the International Council on Clean Transportation (ICCT). Gradual introduction of a CO2 levy in the EU

Other ports are also expected to implement price increases for 2023. Major seaports, such as Rotterdam, Europe’s largest port, will respond to increasing costs with moderate price hikes of around 2.5% to 3%, according to Siemons Boudewijn, COO of Port of Rotterdam Authority. He expects that shipowners will face difficulties in long-term planning in general and will need to rely more on quarterly adjustments in services and rates. However, Rolf Habben Jansen, CEO of Hapag Lloyd, pointed out at an online press event that the significant increase in fuel prices will mean that shipping lines will have to reckon with freight rates around 20% to 30% higher than two to three years ago. For 2023, consigners hope that freight costs will gradually taper down toward pre-pandemic levels.ĬOSCO container vessel at Hamburg’s HHLA Container Terminal Tollerort (CTT) In addition to delays in deliveries worldwide, the huge increases in freight rates caused problems for shippers last year. High-volume consigners have the advantage of market power to exert pressure on shipowners, port terminals, and transport companies to meet just-in-time delivery schedules. Just-in-time deliveries, a strategy followed for a long time, can often no longer be reliably guaranteed in many places. Switching to low-emission modes of transport, motors, and fuels is the most important way to further climate protection in the transport sector and logistics,” say DSLV experts. “Through innovative technology and efficient and digital processes, we need fewer resources and can reduce emissions. According to experts of the German Freight Forwarding and Logistics Association (DSLV), one thing is certain: the trend is to take every bit of CO2 reduction into account and leverage climate potential step by step wherever sensible and effective. Still, the economy has no short-term alternative to international production and trade.Īs we move forward, it’s clear that global supply chains will continue to not only need exceptional risk management solutions, but also improved climate friendliness. One possibility is to go back to more warehousing with the aim of greater stability in the supply of goods of all kinds-which has often not been running smoothly as of late.

Cosco tracking vessel how to#

Above all, there’s also the environmental challenge and the question of how to reduce CO2 emissions and deal with the costs for doing so.Īnd in the midst of these unprecedented challenges, industrial and commercial companies are analyzing their supply chains and searching for optimization tactics and alternatives. Russia’s war on Ukraine also has effects on the supply and flows of goods, while disruption of supply chains and the West’s dependence on imports continues to intensify the debate about relations with China. Furthermore, numerous countries are experiencing double-digit inflation.

This is due to a number of lingering issues including the pandemic huge increases in energy prices large fluctuations in the supply and demand for transport capacities delays in port trans-shipment and bottlenecks in hinterland transport. Many shippers and players in the transport and logistics business are currently under great pressure. Then logistics experts discuss the challenges and prospects for global supply chains in 2023, it’s clear that a multitude of factors are involved.