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Has the Ukraine-Russia conflict affected the European maritime industry?

The maritime industry has undergone a new change in recent months as a result of the war between Ukraine and Russia. This situation has caused the European economy to plunge into an inflationary spiral which experts expect to stabilize in a year and a half. Faced with this dramatic reality, the maritime sector is organizing changes and alternatives to alleviate logistics problems in Europe and the world in general. At Stock Logistic, as a [...]

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International maritime transport, in continuous price increases.

The growing trend in maritime transport

World maritime transport, the most widely used means of transport for major global trade transactions, is experiencing a real increase in costs since the outbreak of the COVID-19 pandemic. In addition to the restructuring of port calls, blank sailings and the significant increase in maritime freight rates, two other situations have had a significant impact on the sector in recent months: the blockage in the Suez Canal and the collapse of the Chinese [...]

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The entire logistics chain is facing the consequences of the lack of sea containers.

Shortage of containers in maritime transport, until when?

Since the outbreak of the COVID-19 health crisis more than a year ago, the consequences on global shipping have been felt. The collapse of the world's major ports during the first months of the pandemic was followed by a significant rise in ocean freight rates and an increasingly worrying lack of empty equipment (containers) in major transit ports. This is a situation that has already been denounced by the main players in the world's logistics [...]

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Stock Logistic closely follows the trend of rising ocean freight rates.

High freight rates in world maritime trade

The shipping industry witnessed, especially in the last months of 2020, freight rates rising to previously unheard of levels. For example, according to the Shanghai Containerized Freight Index (SCFI), the freight rate per TEU reached 1,938.32 dollars on 20 November. The main reason was that, with the reactivation of the Chinese economy since last May and the gradual recovery of other areas of the planet, there was an increase in demand that exceeded [...]

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Port governance always generates all forms of debates.

The management of the ports

The model of governance, or management, of the ports of general interest always gives rise to intense debates on how this should be done. Over the last few years, the Port Authorities have been confronted with key aspects such as their role in the flow of international trade, the liberalisation of maritime transport, the deregulation of certain services, the concentration of companies or the geographical centralisation of the big port operators which [...]

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 The ISPS code was implemented in 2004.

THE ISPS CODE IN THE MARITIME SECTOR

The ISPS (International Ship and Port Facilities Security), or International Ship and Port Facility Security Code, is a protocol adopted by the International Maritime Organization, IMO, in 2004 to establish a common framework for cooperation and security to detect threats and take action to prevent them. The main objectives of the ISPS Code are: To establish an international framework that channels cooperation between governments, government [...]

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Shipping authorization is increasingly done in digital form.

WHAT IS ELECTRONIC BOARDING OR EB/L?

The Bill of Lading, or B/L, is a document that is always used in maritime transport and fulfils three fundamental functions. The first is to attest to the delivery of the goods on board the ship, the second is proof of the contract of carriage, and finally, it is a means of transferring the rights to the goods in transit to the other party by transmitting the document on paper. All logistics operators, including Stock Logistic, use the Bill of [...]

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The export situation in the post-pandemic world will be different.

EXPORTS IN THE POST-PANDEMIC WORLD

Since the years of the previous recession (2008), the Spanish economy has depended, to a large extent, on the strength and drive of its exports to any part of the world. However, after the outbreak of the COVID-19 crisis, many experts suggest that the sale of products in foreign markets will experience a significant drop, especially in the second quarter of the year, despite the fact that we live in a totally globalized and interconnected economy. And [...]

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More than 1,200 commercial ports are currently located in the European Union.

The EMSWe in the ports of the European Union

The new official regulation for a European maritime one-stop shop environment, also known as EMSWe (technologically neutral and inoperable and with harmonised interfaces) aims to facilitate the electronic information of ships entering, staying and leaving any of the ports of the European Union. This regulation replaces directive 2010/65/EU. Currently, more than 1,200 commercial ports are located in the European Union, in fact, the continent is one [...]

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Spain is the largest LNG importer in Europe, with nearly a third of the total volume.

The use of LNG will help decarbonization of transport

Liquefied Natural Gas (LNG) - natural gas that has been processed to be transported in liquid form - is increasingly being used in the transport sector, especially in the maritime sector and is on its way to becoming the most sustainable fuel today. In this sense, greater use of LNG could be able to boost the decarbonisation process in the transport sector, something that Europe and organisations such as the IMO have been demanding for some time. [...]