World Maritime News
Container transport in 2043
A report from TT Club and McKinsey presents options to peer into container shipping in 2043. Given the required longevity of the assets required for container shipping – vessels have a lifespan of 20-25 years and container terminal even longer – the report is trying to predict the distant future. It finds that while some elements of containerization will stay remarkably familiar, others are set to change dramatically.
Alibaba to invest US$ 16 billion in smart logistics
Alibaba group has pledged to invest over US$ 15.6 billion to establish a smart logistics network that covers ocean, air and landside freights across the globe.
The network, to be driven by data technologies and the Internet of Things, is to create an ecosystem that can incorporate all players alongside the supply chain, the group executive chairman Jack Ma told the 2018 Global Smart Logistics Summit in Hangzhou on 31st May. The goal is for Cainiao, Alibaba’s logistics arm established 5 years ago, to become the brain of the logistics industry, Mr. Ma added.
CMACGM and PSA sign MOU on digitalization efforts
CMA CGM and PSA International have signed a Memorandum of Understanding to drive digitalization and innovation in shipping and the supply chain ecosystem.
The agreement was signed by the companies’ venture capital arm – Ze Box for CMA CGM and unboxed of the Singapore-based PSA International group, according to a joint statement.
US Gulf and east coast labor contract deal reached
The International Longshoremen’s Association and employer association United States Maritime Alliance have reached a tentative agreement on a new six-year labor contract on the US Gulf and east coast. The proposed master contract will run through to 2024 and will replace the existing ILA-USMX contract, due to expire at the end of September.