Latest news with #Maersk
Yahoo
2 days ago
- Business
- Yahoo
Xinhua Silk Road: 2025 Maritime Silk Road Port Cooperation Forum highlights ports green, intelligent dev't
BEIJING, May 30, 2025 /PRNewswire/ -- The 2025 Maritime Silk Road Port Cooperation Forum opened Tuesday in port city of Ningbo, east China's Zhejiang Province, bringing senior port executives, industry experts, and scholars from more than 40 countries and regions. Themed "Go Green, Go Intelligent", the forum aimed to explore ways to advance low-carbon development through green technologies, enhance supply chain resilience via digital connectivity, and strengthen international cooperation amid multiple global challenges. Eyeing high-quality development of port shipping industry, He Jianzhong, president of China Institute of Navigation said in his speech that the port shipping industry should promote sustainable development through green practices, drive industrial transformation and upgrading via digital and intelligent innovation, and facilitate industry integrated development by enhancing connectivity. Based on global practice, Anne-Sophie Zerlang Karlsen, head of Maersk's Asia-Pacific operations, shared that in recent years, the Danish shipping giant has leveraged big data, machine learning, and artificial intelligence (AI) to conduct real-time analysis of massive data, which has reduced costs and energy consumption, enhanced the capability for on-time cargo delivery, and boosted the overall efficiency of the supply chain. For Chinese practice, the Ningbo Zhoushan Port, the world's largest port in terms of annual cargo throughput and the third-largest in annual container throughput, is actively exploring the port's transformation with three major systems featuring net-zero emissions, digital intelligence operation and full logistics services to inject impetus to global port shipping industry, said Tao Chengbo, chairman of Zhejiang Seaport Group and Ningbo Zhoushan Port Group. Jens Meier, president of the International Association of Ports and Harbors (IAPH) and CEO of Hamburg Port Authority, emphasized the importance of global cooperation via the forum as a key platform, which enables global stakeholders to work hand in hand and address common challenges. This year's forum has witnessed the release of consensus documents and several reports. Besides, concrete agreements were signed between Ningbo Zhoushan Port and Germany's Hamburg Port, Wilhelmshaven Port and Spain's Valencia Port. Side events included six thematic forums focusing on a few sub-sectors, such as full logistics, smart shipping, port-city integration, and navigation safety. Original link: SOURCE Xinhua Silk Road Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
2 days ago
- Business
- Korea Herald
Xinhua Silk Road: 2025 Maritime Silk Road Port Cooperation Forum highlights ports green, intelligent dev't
BEIJING, May 30, 2025 /PRNewswire/ -- The 2025 Maritime Silk Road Port Cooperation Forum opened Tuesday in port city of Ningbo, east China's Zhejiang Province, bringing senior port executives, industry experts, and scholars from more than 40 countries and regions. Themed "Go Green, Go Intelligent", the forum aimed to explore ways to advance low-carbon development through green technologies, enhance supply chain resilience via digital connectivity, and strengthen international cooperation amid multiple global challenges. Eyeing high-quality development of port shipping industry, He Jianzhong, president of China Institute of Navigation said in his speech that the port shipping industry should promote sustainable development through green practices, drive industrial transformation and upgrading via digital and intelligent innovation, and facilitate industry integrated development by enhancing connectivity. Based on global practice, Anne-Sophie Zerlang Karlsen, head of Maersk's Asia-Pacific operations, shared that in recent years, the Danish shipping giant has leveraged big data, machine learning, and artificial intelligence (AI) to conduct real-time analysis of massive data, which has reduced costs and energy consumption, enhanced the capability for on-time cargo delivery, and boosted the overall efficiency of the supply chain. For Chinese practice, the Ningbo Zhoushan Port, the world's largest port in terms of annual cargo throughput and the third-largest in annual container throughput, is actively exploring the port's transformation with three major systems featuring net-zero emissions, digital intelligence operation and full logistics services to inject impetus to global port shipping industry, said Tao Chengbo, chairman of Zhejiang Seaport Group and Ningbo Zhoushan Port Group. Jens Meier, president of the International Association of Ports and Harbors (IAPH) and CEO of Hamburg Port Authority, emphasized the importance of global cooperation via the forum as a key platform, which enables global stakeholders to work hand in hand and address common challenges. This year's forum has witnessed the release of consensus documents and several reports. Besides, concrete agreements were signed between Ningbo Zhoushan Port and Germany's Hamburg Port, Wilhelmshaven Port and Spain's Valencia Port. Side events included six thematic forums focusing on a few sub-sectors, such as full logistics, smart shipping, port-city integration, and navigation safety.
Cision Canada
2 days ago
- Business
- Cision Canada
Xinhua Silk Road: 2025 Maritime Silk Road Port Cooperation Forum highlights ports green, intelligent dev't
BEIJING, May 29, 2025 /CNW/ -- The 2025 Maritime Silk Road Port Cooperation Forum opened Tuesday in port city of Ningbo, east China's Zhejiang Province, bringing senior port executives, industry experts, and scholars from more than 40 countries and regions. Themed "Go Green, Go Intelligent", the forum aimed to explore ways to advance low-carbon development through green technologies, enhance supply chain resilience via digital connectivity, and strengthen international cooperation amid multiple global challenges. Eyeing high-quality development of port shipping industry, He Jianzhong, president of China Institute of Navigation said in his speech that the port shipping industry should promote sustainable development through green practices, drive industrial transformation and upgrading via digital and intelligent innovation, and facilitate industry integrated development by enhancing connectivity. Based on global practice, Anne-Sophie Zerlang Karlsen, head of Maersk's Asia-Pacific operations, shared that in recent years, the Danish shipping giant has leveraged big data, machine learning, and artificial intelligence (AI) to conduct real-time analysis of massive data, which has reduced costs and energy consumption, enhanced the capability for on-time cargo delivery, and boosted the overall efficiency of the supply chain. For Chinese practice, the Ningbo Zhoushan Port, the world's largest port in terms of annual cargo throughput and the third-largest in annual container throughput, is actively exploring the port's transformation with three major systems featuring net-zero emissions, digital intelligence operation and full logistics services to inject impetus to global port shipping industry, said Tao Chengbo, chairman of Zhejiang Seaport Group and Ningbo Zhoushan Port Group. Jens Meier, president of the International Association of Ports and Harbors (IAPH) and CEO of Hamburg Port Authority, emphasized the importance of global cooperation via the forum as a key platform, which enables global stakeholders to work hand in hand and address common challenges. This year's forum has witnessed the release of consensus documents and several reports. Besides, concrete agreements were signed between Ningbo Zhoushan Port and Germany's Hamburg Port, Wilhelmshaven Port and Spain's Valencia Port. Side events included six thematic forums focusing on a few sub-sectors, such as full logistics, smart shipping, port-city integration, and navigation safety.
Yahoo
2 days ago
- Business
- Yahoo
Xinhua Silk Road: 2025 Maritime Silk Road Port Cooperation Forum highlights ports green, intelligent dev't
BEIJING, May 29, 2025 /CNW/ -- The 2025 Maritime Silk Road Port Cooperation Forum opened Tuesday in port city of Ningbo, east China's Zhejiang Province, bringing senior port executives, industry experts, and scholars from more than 40 countries and regions. Themed "Go Green, Go Intelligent", the forum aimed to explore ways to advance low-carbon development through green technologies, enhance supply chain resilience via digital connectivity, and strengthen international cooperation amid multiple global challenges. Eyeing high-quality development of port shipping industry, He Jianzhong, president of China Institute of Navigation said in his speech that the port shipping industry should promote sustainable development through green practices, drive industrial transformation and upgrading via digital and intelligent innovation, and facilitate industry integrated development by enhancing connectivity. Based on global practice, Anne-Sophie Zerlang Karlsen, head of Maersk's Asia-Pacific operations, shared that in recent years, the Danish shipping giant has leveraged big data, machine learning, and artificial intelligence (AI) to conduct real-time analysis of massive data, which has reduced costs and energy consumption, enhanced the capability for on-time cargo delivery, and boosted the overall efficiency of the supply chain. For Chinese practice, the Ningbo Zhoushan Port, the world's largest port in terms of annual cargo throughput and the third-largest in annual container throughput, is actively exploring the port's transformation with three major systems featuring net-zero emissions, digital intelligence operation and full logistics services to inject impetus to global port shipping industry, said Tao Chengbo, chairman of Zhejiang Seaport Group and Ningbo Zhoushan Port Group. Jens Meier, president of the International Association of Ports and Harbors (IAPH) and CEO of Hamburg Port Authority, emphasized the importance of global cooperation via the forum as a key platform, which enables global stakeholders to work hand in hand and address common challenges. This year's forum has witnessed the release of consensus documents and several reports. Besides, concrete agreements were signed between Ningbo Zhoushan Port and Germany's Hamburg Port, Wilhelmshaven Port and Spain's Valencia Port. Side events included six thematic forums focusing on a few sub-sectors, such as full logistics, smart shipping, port-city integration, and navigation safety. Original link: View original content to download multimedia: SOURCE Xinhua Silk Road View original content to download multimedia:
Yahoo
4 days ago
- Business
- Yahoo
‘Fear and uncertainty' driving up China-US container rates
If Hunter S. Thompson had written about supply chain, we might have 'Fear and Uncertainty in Ocean Shipping.' He didn't, but we do. And the supply chain is trying to cope. Container rates on the Asia-U.S. trade are surging during the pause in the China-U.S. tariff tiff as carriers press for higher prices and gauge shippers' desperation. 'Fear and uncertainty is a powerful force in global supply chains and we are seeing this clearly as shippers fight to get their goods moving after the temporary lowering of U.S.-China tariffs – and they are willing to pay higher rates to do so,' said Peter Sand, Xeneta chief analyst, in a note. For the week that ended on Friday, Xeneta data showed market average spot rates from the Far East to U.S. West Coast at $3,000 per forty-foot equivalent unit from $2,722 the previous week, and $4,069 per FEU for Far East to U.S. East Coast, up from $3,883 for the week of May 16.'Carriers are pushing for big spot rate increases on trades from China to the U.S. on June 1 and shippers are once again being offered 'Diamond Tier' services to guarantee space on ships,' Sand said. 'How successful carriers are in getting these rates will be determined by how much shippers are willing to push back.' For what Xeneta terms mid-high spot rates as paid by shippers in the 75th percentile of the market, Far East to U.S. West Coast was $3,200 per FEU, up from $3,012 the previous week; Far East to U.S. East Coast came in a $4,250 per FEU, from $4,050. Sand noted a squeeze after carriers reduced capacity amid falling demand during the period of 145% tariffs, but he urged shippers to question the severity when negotiating rates. 'Are these rate increases being driven by a squeeze in capacity or fear in the market? Likely a combination of both,' he said. 'In the defense of carriers, it does take time to shift capacity back to the China-U.S. trades, so spot rates will peak in the first half of June before softening later in the month.'Find more articles by Stuart Chirls CGM developing $600M Vietnam container terminals Maersk, Hapag-Lloyd partner on new Asia-Long Beach service Maersk more than halfway through $1B stock buyback Drewry: China-US container rates up by double digits The post 'Fear and uncertainty' driving up China-US container rates appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
