Baltimore’s Big Impact: 24-Day Delay (And More)
Tragedy struck when a massive container ship, a Singaporean-flagged container vessel named Dali, lost power and demolished a Baltimore bridge. Six people are presumed dead in the accident. The accident has fueled major supply chain concerns, especially in the wake of the Panama Canal drought and ongoing Red Sea disruptions: the bridge spanned the entrance…
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How API Integration Revolutionizes the Shipping Industry
“Behind every successful business these days are Application Programming Interfaces (APIs), providing or delivering real-time access to vital application services and data. It’s a big, big business, with API monetization projected to grow by 115% within the next two years,” according to RT Insights. APIs have emerged as a critical tool in the shipping industry,…
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Maritime Global Trade Roundup – March 14, 2024
Here are the quick highlights and analysis you need from the week in maritime global trade, powered by Maritime AI™ insights. True Confidence Incident Lowers the Ecosystem’s Confidence Unsurprisingly, the Houthi missile attack on the True Confidence vessel, which resulted in three fatalities and severe injuries, has lowered the maritime ecosystem’s confidence about remaining safe…
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Supply Chain Disruptions Require Resilience
“Global supply chains are entering 2024 roiled by disruptions at two of the world’s crucial trade corridors – the Panama Canal and the Suez Canal – even as geopolitical tensions appear set to take a more prominent role in sourcing and distribution. That could potentially force countries and companies to redraw trade maps that have…
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