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10 Tips to become an event logistics expert
Logistics events seem to have a special value in the shipping and supply chain sector since these occasions are one of the best ways to gather the key players of the industry in the same place. This type of shows are used as platforms to reinforce relations with actual clients and attract new ones, display new services and products and get some genuine feedback about your business. If you decide to organize or participate in one of these expos, fairs, trade shows…you must know that it won’t be an easy job. It requires tons of patience and discipline, but if you do it right, the effort will pay off! Just follow these simple tips to guaranty that your company will stand out. We have 10 tips to become an event logistics expert: Make your research about which are the most important events of the year and identify in which ones you will be participating. Create an event’s calendar and work accordingly to it. Go over the exhibitor’s list and check if potential clients or business partners are participating, so you can use the opportunity to increase your network. Define the goals of the event: Sit down to think about what you want to accomplish with this event and how to reach it. List the tasks in order to distribute them among your staff. If a task has smaller tasks to be done, list them too. Creating a visual map or decision tree will allow you to understand how all the activities interconnect and what should be done first. Set a deadline for every task, so if there is any delay, all the tasks affected by it can be adjusted to the new dates. Create a decisions tree to define the importance of each task Check out the exhibitor’s package that contains the details of shipping specifications and deadlines for contracts or payments. Identify the possible complications of the case. If you are participating in an international expo, pay attention to the customs and government rules of the country. Check that all the documentation is in order and ready. This will avoid unnecessary delays. Look for professional suppliers that guaranty you the best services, so you don´t have to worry about every single detail. Working with reliable and trustworthy professionals for catering, transportation, etc., will give you that necessary space to focus on other things that might deserve your full attention. Make sure the show materials and marketing materials get on time to the location. All the boxes should be labeled according to the instructions. Do not forget about social media: Keep your audience informed since the moment you know you will be participating in the event. On Twitter, create a list of followers that will also attend the event and interact with them through retweets and comments. Something like a “behind the scenes” of the show that you can share with your audience. The day of the event, share videos and photos of your team, your booth and the general atmosphere around the expo. Any event planning requires of teamwork. Make sure to set an effective communications method: An online management platform, e-mails…even apps! Sources: https://blog.propared.com/8-tips-to-help-you-become-an-expert-in-managing-event-logistics http://www.inboundlogistics.com/cms/article/event-logistics-on-with-the-show/
Infographic: 4 shipping predictions for 2017
Let´s use this first month of the year to present you some predictions from experts of Talking Logistics about the shipping industry in 2017: More carrier consolidation: According to the logistics blog, the consolidation of shipping lines will continue to grow in 2017. This year, 90% of trans-pacific routes will be managed by the three main alliances: 2M, The Ocean Alliance and THE Alliance. This will also be the case for 96% of the Asia – Europe routes. Vessel Scrapping: About one million TEUs will be delivered this year, but scrapping will stay as a trend as well. Rate imbalance: After Hanjin’s fall, rates took a jump and decreased slowly. Now experts predict another upturn before the Chinese New Year. Bunker prices up: With the rise of oil prices, the expectations are that bunker prices will increase, affecting the rates.
Maersk shares fell 9% after reporting a substantial drop in profits
Weak freight rates and low oil prices environment affected the expectations of Danish giant Maersk Group for last quarter results. The company reported a 43% drop in net profit and early this Wednesday; Maersk shares fell about 9%. The Danish group reported a net profit loss of $326 million compared to last year when the company accomplished a net profit of $755 million. Additionally, the revenue fell 9% to $9,18 billion, staying below the expectations of $9,39 billion. “Maersk Line continues to face challenging market conditions and as a testimony to the situation the container industry saw its first major bankruptcy in 30 years,” the company said, referring to Hanjin’s bankruptcy. Despite Maersk’s efforts to improve operations and reduce costs within their business units, the group’s underlying profit also fell from $622 million in 2015 to $426 million. Maersk Line, the biggest container operator reported an underlying loss of $122 million from an underlying profit last year of $243 million. However, not all were bad news. APM Terminals recorded 7.0% higher volumes and Maersk Line showed a significant volume growth of 11% with a strategy focused on maintaining unit cost below 2000 USD per FFE (Forty-Foot Equivalent). Maersk Group CEO Søren Skou commented briefly on the situation of each Maersk’s business unit: “The Maersk Group delivered an underlying profit of USD 426m in the third quarter of 2016. The result is unsatisfactory, but driven by low prices. We generally perform strongly on cost and volume across businesses. Maersk Line for the second quarter in a row reported a loss due to continued low freight rates, down 16% y-o-y. Freight rates were however up 5.5% q-o-q, for the first time since Q3 2014. Maersk Line performed strongly on volume and unit cost. APM Terminals delivered a result below last year, as we continued to be challenged by low volume growth on a like–for-like basis. For the second quarter in a row Maersk Oil delivered a positive result driven by strong cost performance and production efficiency. Also, Maersk Drilling delivered strong profits, driven by termination fees and good cost performance. The implementation of the new strategic direction and the restructuring of the Group is progressing, and we look forward to sharing further details at the Capital Markets Day on 13th of December,” says Skou. The Group expects a result significantly below last year (USD 3.1bn) and specifies an expected underlying result below USD 1.0bn, according to the press release. Sources: http://www.maersk.com/en/the-maersk-group/press-room/press-release-archive/2016/11/interim-report-q3-2016 http://www.wsj.com/articles/maersk-shares-sink-after-profit-hit-by-weak-freight-rates-oil-prices-1478076992 Photo: Arnold Maersk. Pixabay
A greener future for the shipping industry
The environmental responsibility of the shipping sector was recently under the spotlight during the 21st UN Climate Change Conference that takes place in Paris between November 30th and December 11th, 2015, as its side event: “Shipping as Part of the Climate Solution”, organized by the International Chamber of Shipping (ICS) and Armateurs de France and the Norwegian Shipowners’ Association (NSA). The leaders of the industry gathered to discuss the possible contributions of the sector to the achievement of the UN goals of reducing harmful emissions drastically and limit the rise in global temperatures to 1.5°C or 2°C above pre-industrial times. According to Diane Gilpin from the Smart Green Shipping Alliance, some of the representatives called for an intensified action and leadership of the International Maritime Organization (IMO) for a tighter regulations framework that does not represent a threat for the growth of the business. The industry´s preference is for a global fuel levy, rather than emissions trading, in order to avoid the negative impact on the efficiency of world trade by sea. A study from the IMO projected that CO2 emissions could grow by 50 to 250% by 2050, but the International Chamber of Shipping highlighted that in total, the Shipping industry has reduced its CO2 emissions every year by 10% and mandatory CO2 rules are already enforced globally. Another action from the IMO is that all ships constructed from 2025 must be 30% more efficient in comparison to the ones built before 2000´s. Combining innovative technologies, operational measures and the progressive use of clean fuels such as LNG, the industry expects to achieve a 50% reduction of CO2 by 2050. Veconinter is proud of working with the biggest shipping lines of the world, such as CMA CGM, which offers a set of eco-friendly services to their clients, as well as the development of eco-containers, that reduce the fuel consumption by one to two tonnes each day. In parallel, A.P. Møller-Mærsk has shown commitment to the improvement of supply chain and energy saving policies This and other companies of the sector are leading a new green shipping movement for the wellness of our world. About Veconinter: Venezolana de Control Intermodal is a corporation with 27 years of experience, specialized in the administrative management of billing and collection for the maritime industry that provides an integrated operative process for the intermodal equipment. With a presence in more than 14 countries, Veconinter is considered as a reference in the maritime sector. It is the only high-quality solution with an ISO 9001 FONDONORMA certification. To obtain more information, please visit our website: http://www.veconinter.com/ Sources: http://splash247.com/shipping-under-pressure/ http://shipandbunker.com/news/features/fathom-spotlight/243942-fathom-spotlight-will-cop21-be-a-game-changer-for-shipping http://www.ics-shipping.org/docs/default-source/resources/environmental-protection/shipsandco2-cop21.pdf?sfvrsn=14 http://www.ship-technology.com/features/featureparis-climate-summit-spotlight-on-shipping-4743405/ KEYWORDS: ENVIRONMENT, UNITED NATIONS, COP21, REGULATIONS, SHIPPING INDUSTRY, IMO, TRADE. Contact: Veconinter Media Department Arianna Paredes firstname.lastname@example.org Patricia Ilija email@example.com Tlf: +58-212-9764269 Follow us on twitter: @Veconinter
Hanjin’s collapse timeline
Hanjin Shipping’s financial troubles started in May. By August 31, the seventh largest container shipper in the world files for court receivership, the biggest bankruptcy ever seen in container shipping history. Here’s a timeline of all the facts: EARLY MAY: Hanjin Shipping received creditor approval for a voluntary restructuring. MAY 23: Seaspan declined an offer of shares in Hanjin in exchange for a charter rate cut. JUNE: Hanjin Group says it will invest US$21m and Hanjin Shipping starts to sell assets. AUGUST 11: South Korea’s government said it has no plan to offer financial aid to Hanjin Shipping AUGUST 16: Hanjin Shipping extended the losing streak with a second quarter loss of US$182m.The deadline for its voluntary restructuring agreement is extended by a month to early September. AUGUST 25: Hanjin submits a financial plan proposing an injection of US$360m via selling stock to affiliate Korean Air and raising another US$90m from other asset sales. AUGUST 31: Hanjin’s board unanimously voted to file for receivership after creditors reject the plan. Reports of vessel arrests in Singapore and Shanghai. SEPTEMBER 1: Ports and tug companies start to refuse Hanjin ships. Containerships operated by Hanjin are left stranded outside ports. SEPTEMBER 5: Hanjin Shipping has filed for bankruptcy protection in the US to stop creditors from seizing assets and arresting vessels. The CKYHE alliance has also suspended its membership while CMA CGM terminates agreements on 5 joint services. SEPTEMBER 6: Hanjin Group provides $90 million as it seeks to unload its stranded vessels. SEPTEMBER 8: Shippers, suppliers, ports and intermodal companies file documents in US courts asking for supply chains to be allowed to move without financial risk to them. SEPTEMBER 9: A report by the US Department of Agriculture (USDA) warns that disruption to ports and shipping caused by the failure could last two to three months. SEPTEMBER 12: A Hanjin Shipping vessel unloads cargo at the Port of Long Beach. At least three more cargo ships are expected to follow suit at the U.S. port. Sources: http://www.seatrade-maritime.com/news/americas/hanjin-shipping-collapse-timeline.html http://theloadstar.co.uk/writing-wall-hanjin-collapse-timeline/
What’s the difference between FCL and LCL shipping?
In the international logistics industry, there are many terms that we should know to properly understand the business dynamic. In this case, we are going to talk about two very used expressions: FCL and LCL shipment. What is the difference? What does FCL stand for in shipping? FCL means Full Container Load and this is the term used when the shipper is responsible for loading the shipping container and paying for all of the associated costs. In this case, the shipping line is committed to taking the container from point A to point B and the B/L is the unique guide to its content, in which the type of cargo is declared. If you are not familiar with the term B/L, click here. FCL shipping is cost-effective when the volume of the cargo is more than 15 cubic meters (in a 20ft GP container) and is used to save costs. It is also a faster way of shipping than LCL (The container goes from the port straight to a unique buyer). ¿When should I use the LCL method? On the other hand, LCL stands for Less Than Container Load. This means that a forwarding agent sends different cargoes from different shippers in a single container. This method is more popular among small and medium companies that manage smaller volumes of cargo. Here, the shipper is responsible for the container and the loading of the goods. The charges will be higher by unit but keeping your inventory low leaves more room for other necessary purchases. However, you should have in mind that LCL shipment there could be delays and you do not have control over the type of cargoes that will be loaded in the same container as yours. This increases the risks of possible damages in transit if other consignments are not correctly packed. Taking the decision of the method of transport for your shipment is one of the most important things for the success of your business, that’s why you need to make sure to select a fast, secure and cost-effective option. Sources: http://www.intracen.org/guia-del-cafe/contratos/Contenedores-condiciones-FCL-o-CY-comparadas-con-LCL-o-CFS/ https://www.flexport.com/learn/ship-by-lcl-or-fcl/
Survey: The most important shipping trend in 2016 was…
In our Twitter account, we asked you about the hottest shipping trend this year. Here the results: Question: Which was the most important shipping trend in 2016? The options to choose were: -Shipping Consolidation -Mega-vessels -VGM regulation -Environmental regulations The results: With a dramatic victory and 80% of the votes, shipping consolidation was the main topic for our followers in 2016. The hard market conditions have pushed the top shipping lines to create alliances as a protection mechanism against the threat of a possible bankruptcy. This year we all witnessed how Hanjin Shipping, the largest South Korean carrier fell apart when the creditor said no to a recovery plan. In 2017 we will we the opportunity to see how these new alliances will affect the shipping landscape as we know it. Three of the major partnerships are The Alliance (Hapag-Lloyd, K-Line, MOL, NYK Line and Yang Ming), the Ocean Alliance (CMA-CGM, Cosco Shipping, Evergreen Line, Orient Overseas Container Line) and the 2M (Maersk, Mediterranean Shipping Line). Together, these three alliances will dominate the North Asia, South Asia, South East Asia- North America trade with 90% market share. All of them will provide competitive services and rates in order to keep on the top of the list. With the other 20% of the votes, the new regulations for the container weight verification were the second favourite topic of our followers. The SOLAS requirement was effective from 1 July 2016 and according to this rule, every packed export container should have its weight verified before being loaded onto a ship. The shipper is responsible for providing the information to the carrier and the terminal operator. The penalty for not providing the VGM is not to load the shipping container abroad the ship, additional costs such as repacking cost, demurrage charges, and administration fees. The other two topics: Mega- vessels and environmental regulations had 0% of the votes.
Hapag-Lloyd and UASC join the wave of consolidations
Hapag-Lloyd and United Arab Shipping Company (UASC) announced a business combination agreement to create “The New Hapag-Lloyd” with a fleet of 237 vessels. With this new deal, the German-Chilean company Hapag-Lloyd gets a place between the five largest container shipping lines in the world with an annual turnover of approximately $1.2 billion. “This strategic merger makes a lot of sense for both carriers – as we are able to combine UASC’s emerging global presence and young and highly efficient fleet with Hapag-Lloyd’s broad, diversified market coverage and strong customer base,” said Rolf Habben Jansen, CEO of Hapag-Lloyd. The deal will also give Hapag-Lloyd access to six 18,800 TEU vessels and eleven newly built 15,000 TEU ships which will create one of the most modern and efficient vessel fleets in the industry. The merger is expected to be complete by the end of 2016 and will play a major role in THE Alliance, consisting of Hanjin, Hapag-Lloyd, K-Line, Mitsui O.S.K Lines, Nippon Yusen Kaisha and Yang Ming. This mega-combination will begin its operations in April 2017 and will cover all East-West trade lanes including Asia-Middle East/Arabian Gulf and Red Sea. “Hapag-Lloyd and UASC now take the next step to further consolidate and shape the liner shipping industry. The new transaction is strengthening not only our market position, but also our service portfolio. The merger will create annual net synergies of at least $400 million and save a significant amount of capital expenditure for the company,” said Michael Behrendt, Chairman of the Supervisory Board of Hapag-Lloyd. The new company’s headquarter will remain in Hamburg, Germany. Chile’s CSAV, the City of Hamburg and Kuehne Maritime will remain controlling shareholders while UASC’s majority shareholders, Qatar Holding, and the Saudi Public Investment Fund (PIF), will become major shareholders in the new group, holding 14 and 10 percent respectively. Sources: http://www.reuters.com/article/us-hapag-lloyd-merger-uasc-idUSKCN0ZY0RP http://www.maritime-executive.com/article/hapag-lloyd-announces-uasc-merger http://splash247.com/hapag-lloyd-and-uasc-sign-merger-agreement/
Top 5 Most read blog posts in 2016
We are very close to the end of the year 2016, which was an interesting one for the maritime industry. During this period, the hard conditions of the market pushed many shipping lines to combine their forces in order to continue operations in the way of strategic alliances. However, some of them didn´t make it, like the case of Hanjin Shipping Co. The South Korean carrier sank into bankruptcy and caused chaos in the sector, just a few weeks before black Friday and Christmas season. The entry into force of the new SOLAS regulations about the verified gross mass (VGM) worldwide was another controversial issue that caused huge expectations for all the players involved in the intermodal industry. As a result, innovative solutions were developed to obtain the Gross Mass and comply with the rules. In Latin America, the inauguration of the extended Panama Canal to allow the transit of three times bigger vessels was a radical improvement which is expected to positively affect the regions’ economy and recover many clients from another route. Even LEGO launched a limited edition of a working model of the Panama Canal to celebrate the occasion. Additionally, innovation in the form of digitalization and automation, the use of big data and blockchain work their way through the industry to bring faster and more efficient solutions in the logistics processes. Although in a slow pace, agreements like the one between DP World (The third largest port operator in the world) and Hyperloop to speed up terminals operations are the first look at tomorrow’s intermodal industry. Without a doubt, 2017 is profiled as a year of great changes, due to the many mergers and agreements between shipping lines that will become effective and will reshape the sector. Here are the 5 most read blog posts of 2016: –How Hanjin’s collapse is affecting Samsung and HP. The fall of Hanjin Shipping Co. brought a logistics nightmare for thousands of companies, which goods were inside Hanjin’s vessels. Two of those companies were Hewlett-Packard and Samsung Electronics Co. Here the details of that story. –4 advantages of sea transport and its importance for world trade. About 90% of goods worldwide are carried by the shipping industry, making it indispensable for the world and for the development of our daily lives. Here we present four reasons to use maritime transport. –Infographic: Global shipping alliances overview. Drewry launched its expectations about the future of shipping lines in 2017 and indicated that there would be more consolidation next year. Also, an infographic about current and upcoming alliances. –Maersk could change the traditional BL with blockchain technology. A partnership between the Danish Shipping Line and the IT University of Copenhagen took part to reduce paperwork through the introduction of blockchain technology. –Hanjin’s collapse timeline. Hanjin Shipping’s collapse started in May when the Korean carrier received creditor approval for a voluntary restructuring. Just a few months later, Hanjin filed for receivership after creditors rejected the restructuring plan. Our infographic gives an overview of the facts.
Key trends to watch at Intermodal Europe 2016
You cannot miss some events this year if you are interested in getting up to date information about the future of container industry. Intermodal Europe 2016 (15 -17 November) is one of those occasions. Not only because it gathers some of the most important players in the global shipping industry, but also because of this year the event is taking place in Rotterdam, (Netherlands), home of the largest and smartest port in Europe. Without a doubt, the Port of Rotterdam is a perfect scenario for Intermodal Europe 2016 due to its innovation ecosystem. As a leading port, in Rotterdam, you will find the latest technology trends related to sustainable energy generation, automation, modern infrastructure and design, startups and the list goes on. This year, Tim Power, Head of Maritime Advisors at Drewry will discuss the ‘World Outlook for the Container Shipping Market’, followed by Mike Garratt, who will present an analysis of European container shipping market. Another relevant topic of this event is the wave of consolidations and alliances between container lines. Michel Looten, Director of Maritime at Seabury Cargo Advisory will examine how these changes can help carriers continue with their operations in spite of the market pressures. Intermodal Europe 2016 promises to deliver the trends in international trade, container shipping strategy, and transport logistics with the support of more than 70 experts from all over the world. Container innovation is also one of the most interesting topics that this event will focus on with conferences about “Big Data Tracking and Internet of Things”, “Cold Chain Solutions” and “Container modification and innovation”. “With a dramatically changing business landscape, our three-day conference programme will provide executives with the practical tools they need to stay ahead” explains Sophie Ahmed, Event Director. “They’ll be discussing the hottest topics in the industry which I’m sure will spark insightful debate and provide attendees with knowledge that can be applied to future business strategies.” The exhibition brings together over 140 exhibiting companies, thousands of professional visitors and numerous exhibition features, including an outdoor container park. If you want to participate or attend Intermodal Europe 2016, you just need to register on the event’s website here. Sources: http://www.intermodal-events.com/intermodal-europe-2015-press-releases
Infographic: The History of Shipping Containers
On 26th April 1956 the first shipping containers were transported from New Jersey to Houston. Malcolm McLean, a businessman from North Carolina invented and patented this metal boxes and started a whole new era for the shipping industry. Nowadays 90% of cargo is transported on shipping containers. ¿How shipping containers became so popular in such little time? Learn everything you need to know about the shipping container history with this infographic: Sources: https://people.hofstra.edu/geotrans/eng/ch3en/conc3en/worldcontainertraffic.html http://slideplayer.es/slide/1521790/ https://en.wikipedia.org/wiki/Malcom_McLean http://www.tigercontainers.com/images/brief-history-of-shipping-containers-700.jpg
How Hanjin’s collapse is affecting Samsung and HP?
South Korean firm Hanjin Shipping filed for U.S Bankruptcy protection and it has become a logistics nightmare for many companies that trusted Hanjin the shipping of their goods. That’s the case of two of the most important companies in technology: Hewlett-Packard Company and Samsung Electronics Co. Both enterprises are having a difficult time because their cargo is still on Hanjin’s vessels and can’t get unloaded at the port. According to the company’s information, there are 85 Hanjin vessels stranded around 50 ports in 26 countries. In the Long Beach coast, two vessels are stranded with 304 containers in which travels $24.5 million in Samsung cargo. Another $13.5 million are in 312shipping containers with refrigerators, washing machines and dishwashers waiting to get unloaded. “It is vital to Samsung’s and U.S. retailers’ interests to avoid major disruptions in production,” particularly ahead of the holiday shopping season, said the company in a court filing supporting Hanjin’s Chapter 15 U.S. Bankruptcy Court petition. HP has its products in 500 containers carrying $10 million in products with destination to several U.S ports. With back Friday and Christmas season coming soon, this interruption in the distribution dynamic could bring serious consequences for both technology companies. Robert Feinstein, HP lawyer said that if the issues aren’t worked out soon, it would result in a “cataclysmic event for customers.” For now, Hanjin’s lawyer Ilana Volkov said: “All we can do is assure that the company is working around the clock to raise the financing to pay people and to start moving the cargo and to do what’s necessary for our customers.” HP and Samsung are just two of the many other companies that appeared in U.S. Bankruptcy Court on Tuesday to support the necessary measures to get theships into the ports. Sources: http://www.bloomberg.com/news/articles/2016-09-07/samsung-says-38-million-of-goods-on-board-two-hanjin-vessels http://www.wsj.com/articles/judge-allows-hanjin-ships-to-dock-safely-in-u-s-ports-1473209550
The Suez Canal challenges Panama
The Egyptian construction allows the simultaneous passage of ships Caracas, Venezuela: On August 6th, Egypt inaugurated the Suez Canal expansion with a big celebration. The modifications to the 72 kilometers infrastructure now allows simultaneous navigation, between the Red Sea and the Mediterranean Sea. The construction of this project represented an 8 billion dollars investment. To Panama, Suez represents the main competitor on the struggle for the leadership of the maritime world trade routes between the north- east of China and Japan with the US East coast. While the connection through Panama is shorter and saves almost 4 hours of travel distance, the Suez Canal allows much bigger volume of containers per ship, saving oil costs. Jorge Quijano, the Panama Canal administrator assures this route will continue to be essential for the world trade, and doesn´t fear to be displaced by Suez Canal, taking into account the upcoming inauguration of the Panama Canal expansion, expected for April 2016. “The Panama Canal does not fear the competitiveness of the Suez Canal because they belong to different markets, except for the containerships and the route that goes from the north of Asia to the East coast of USA”, said Quijano to AFP. “We expect to bring back clients with the expansion of our canal because it saves time, resources and, being a shorter route, generate less polluting emissions”, added the canal administrator. Nowdays, Panama has faced two major setbacks; APL and Maersk, two of the biggest shipping lines of the world withdrew their services from Panama to Suez. A hit against the Central American country, considering the importance of the canal on their economy. As it provides around 6% of the annual GDP of the country. Maersk Group is one of the biggest shipping lines of the world that trust on the responsibility and professionalism of Veconinter to manage the administrative processes from their daily operations on the best way possible. Through a strict quality policy, Veconinter adapts its business model to guaranty the client’s satisfaction. About Veconinter: Venezolana de Control Intermodal is a corporation with 27 years of experience, specialized in the administrative management of billing and collection for the maritime industry that provides an integrated operative process for the intermodal equipment. With presence in more than 14 countries, Veconinter is considered as a reference in the maritime sector. It is the only high quality solution with an ISO 9001 FONDONORMA certification. To obtain more information, please visit our webpage: http://www.veconinter.com/ KEYWORDS: SUEZ CANAL, PANAMA CANAL, EXPANSION, MARITIME INDUSTRY, WORLD TRADE, MARITIME TRANSPORTATION, CONTAINERS Contact: Department of Communications Veconinter Patricia Ilija firstname.lastname@example.org Arianna Paredes email@example.com Tlf: +58-212-9764269 Twitter @Veconinter
Innovation in small ports
Over the past decade, the maritime industry had to take quicker actions to adjust to the fast development of technology in the sector. According to Nehama Bikovsky, President of Maritime Consulting Enterprise, ports are an essential factor in the supply chain, but a large number of Caribbean Ports have not made any investments in the last years to catch up with this reality. Companies like Veconinter could provide innovative solutions to ports of the Caribbean communities with relatively low cost. We invite you to read the full article “Innovation in small ports” by Nehama Bikovsky on the October edition of The PortSide Caribbean Magazine.