#Port Economics

[market-insider]

Docks Market: Tracing the Evolution and Uncovering Emerging Opportunities

The global docks market size is expected to reach USD 2.3 billion by 2030, as per a new report by Grand View Research Inc. The market is expected to expand at a CAGR of 3.4% from 2022 to 2030. The rising structure demand as the governing bodies of various economies is conducting redevelopment of waterfronts to maximize their value for both business and community, which is expected to propel market growth. Additionally, the constantly rising global population is indirectly leading to the scarcity of space in the existing urban ports leading to market demand for increasing the space productivity within a port.

One of the Norway-based engineering firms has developed smart application software to reduce the risk of accidents using an IoT platform. The newly developed technology makes use of hi-tech sensors to real-time monitor the operating states of floating docks from virtually anywhere. This newly developed application software shows the water levels across different tanks and other operating parameters for the docks which will increase the market for docks.

The Governmental permits are needed on the size of the dock, type of dock, and the type of natural resources that might get affected such as mangroves, corals, hard bottoms, and seagrass. The prohibitions are enforced on the harmful chemicals used for docks which may disturb the marine ecosystem. Lastly, some other restrictions might be added to control the type of dock being placed on the property. 

The installation of docks is offered directly by the company-appointed contractors or distributors. However, the companies also offer a product suitable for DIY installations. In addition, the manufacturers also offer repair and maintenance services for the docks. The conventional port world is constantly changing, the technological, demographical, and sustainability drivers are affecting the daily business and are shaping several important trends which is also expected to drive the demand for docks market during the forecast period. 

The global temperature rise is expected to make the transpolar passage and the Northern Sea Route could become potential alternatives for maritime freight. The use of the Northern Sea Route for maritime freight between Asia and Northern Europe is expected to reduce the voyage distance when compared with the Suez Canal route. 

For More Details or Sample Copy please visit link @: Docks Market Report

Docks Market Report Highlights

The metal frame segment accounted for a market share of 52.0% in 2021, owing to the increasing demand for aluminum frame docks. Docks with aluminum frame are highly preferred by lakefront home or business owner as it offers strength as well as improve the aesthetic profile of the property where the dock is installed

The commercial application segment dominated the market in 2021 and is estimated to generate revenue of USD 1.1 billion by 2030, owing to the endless commercial applications for floating docks, however, they are commonly used at settings such as waterfront resorts and marinas

The market in North America is anticipated to witness a CAGR of 2.8% from 2022 to 2030 on account of increased users indulging in outdoor recreational activities that incorporate social distancing due to the pandemic. This will enhance the docks market within the region

The U.S. market is projected to witness strong growth over the forecast period and reach a market value of USD 0.68 billion in 2030 on account of the rise in the use of shipping for the movement of products and goods across regions. Additionally, space productivity is expected to lead to waterfront redevelopment activities thus positively influencing the docks market

The docks market is competitive in nature owing to the presence of several players that are primarily consolidated in the Asia Pacific and North America, whereas Europe exhibits a limited presence of established players. The changing lifestyle needs of the population, especially the younger section, towards activities such as adventure sports has also led to the rise in the use of boats and ships. This has also led to an increase in the use of floating docks across the globe 

[zvaigzdelasas]

The US has asked China to urge Tehran to rein in Iran-backed Houthi rebels attacking commercial ships in the Red Sea, but has seen little sign of help from Beijing, according to American officials.

But US officials said there was little evidence China had put any pressure on Iran to restrain the Houthis, beyond a mild statement Beijing issued last week calling on “relevant parties” to ensure safe passage for vessels sailing through the Red Sea, a critical shipping route for global trade.

On Wednesday, the Chinese foreign ministry said Beijing was calling for a stop to “disturbance to civilian ships” and had “been in close communication with various parties and worked actively to alleviate the tension in the Red Sea”.

However, in veiled [?] criticism of the US and UK attacks on the Houthis, the ministry urged the “relevant parties to avoid adding fuel to the fire”, adding that the UN Security Council had “never authorised the use of force by any country on Yemen”.

The Red Sea tension was also a “spillover” from the Gaza conflict, which should be ended as soon as possible, the ministry said.[...]

US officials had hoped Beijing would take action because it viewed the Houthi attacks as a menace to its own commercial interests, given that the Red Sea was a critical route for Chinese exports to Europe.[...]

The Chinese embassy in the US said [...] China was concerned about the “escalating tension” in the Red Sea. The embassy said it served the common interests of the international community and that China urged “relevant parties to play a constructive and responsible role in keeping the Red Sea safe and stable”.

23 Jan 24

Several Chinese shipping lines have been redeploying their vessels to serve the Red Sea and the Suez Canal, in what analysts have said is an effort to exploit China’s perceived immunity from the Houthi attacks that have driven most other operators out of the area.

These smaller Chinese lines have been serving ports such as Doraleh in Djibouti, Hodeidah [sic] in [Ansar-Controlled] Yemen and Jeddah in Saudi Arabia, all of which have faced big falls in traffic as international container shipping lines have rerouted to avoid potential attacks by Yemen’s Houthi rebels.

Among the shipping lines redeploying its fleet is Qingdao-based Transfar Shipping, which on its website describes itself as “an emerging player in the transpacific market”[...]

Leaders of the group have said that they will not attack vessels associated with China or Russia[...] as long as they have no Israeli links. The US has asked China to urge Iran to rein in the Houthis, without apparent success.

24 Jan 24

[ajitmishra]

As a Logistics knowledge hub, expert, consultant and educator we provide career counseling services for individuals and professionals of logistics. Join Study has also decided to support the career guidance to job seekers and students of logistics.

For more https://www.joinstudy.net/p/counseling.html

[dykepuppy]

I love being smarter then men

[prayasi]

Chinese Business Delegation Explores Investment Opportunities in Ras Al Khaimah Economic Zone

Recently, a delegation of 34 Chinese business leaders visited Ras Al Khaimah to assess the vibrant business climate and investment prospects within the Ras Al Khaimah Economic Zone (RAKEZ). Throughout their stay, they explored the advanced facilities of U-PAK and Mabani Steel at RAKEZ’s Al Hamra Industrial Zone and engaged in discussions with officials from Ras Al Khaimah Port and notable real estate firms Marjan and RAK Properties. These interactions provided them with a deeper understanding of the zone’s strong infrastructure and business-friendly environment.

The discussions focused on potential collaborations in sectors such as additive manufacturing (including vehicles and machinery), agriculture, transportation, ICT, travel and tourism, as well as insurance and finance. Prominent Chinese enterprises currently operating in RAKEZ include Mohamed Plastic Waste Recycling, Zul Energy Middle East, Winbo Holding, and Nova Machinery, which specialize in various industrial services.

Read more

[saxafimedianetwork]

DP World To Develop Ethiopia's Berbera Corridor

Continue reading DP World To Develop Ethiopia’s Berbera Corridor

[imsobadatnicknames2]

What does the "banana republic is a fucked up name for a store" post you reblogged mean? I'm afraid of looking dumb.

The term "banana republic" was originally coined to describe countries in Central and South America (mainly Honduras and Guatemala) whose economies were rendered dependent on the production and export of bananas (among other agricultural goods, but mainly bananas) by American fruit corporations leveraging the power of the U.S. government, the U.S. military and the CIA.

Throughout most of the of the 20th century, American corporations such as United Fruit, Cuyamel, and the Standard Fruit Company owned large portions of these countries' lands, to the point that in some cases they controlled their railway, road, and port infrastructure, and they engaged in a variety of imperialist actions to lower production costs, such as violence against labor activists and anti wage reform lobbying.

The pinnacle of this phenomenon was the 1954 Guatemalan coup, when United Fruit convinced the goverment of US president Dwight D. Eisenhower that the elected president of Guatemala, Jacobo Árbenz (who had expropriated some of the company's unused land and given it to Guatemalan peasants) was secretly working with the Soviet Union, resulting in a CIA coup which deposed the Árbenz government and replaced it with a thirty-year right-wing military dictatorship which effectively acted as a puppet government to protect the interests of United Fruit and the U.S. government.

Nowadays the term has broadened to refer to any small, economically unstable country with an economy which has been rendered dependent on the export of a particular natural resource due to economic exploitation by a more powerful country.

[fcfvafeed]

Norfolk, Virginia: A Hub of Economic and Housing Developments

Norfolk, Virginia, a bustling urban center in the Hampton Roads region, is currently witnessing remarkable developments in business and housing sectors, painting a dynamic picture of economic growth and urban evolution. Expanding Logistics and Job Creation The announcement by Virginia Governor Glenn Youngkin of a significant expansion by a Belgium-based international logistics provider in…

[newsvistaarblog]

अमेरिका ने श्रीलंका बंदरगाह पर अदानी टर्मिनल परियोजना के लिए $553 मिलियन की प्रतिबद्धता जताई

Written By Shafeek Ahmad, Published On 08-November-2023, 10:00 IST. यूएस इंटरनेशनल डेवलपमेंट फाइनेंस कॉरपोरेशन (DFC) ने श्रीलंका में कोलंबो बंदरगाह टर्मिनल परियोजना का समर्थन करने के लिए $553 मिलियन की महत्वपूर्ण वित्तीय प्रतिबद्धता की घोषणा की है। यह पहल विशेष रूप से उल्लेखनीय है क्योंकि यह बंदरगाह क्षेत्र में किसी भारतीय कंपनी, अदानी समूह की पहली भागीदारी का प्रतीक है। यह विकास एक महत्वपूर्ण…

[opencommunion]

this call was released anonymously (understandably) but my local Palestinian organizers who I literally trust with my life have endorsed it, and it seems to be gaining momentum in multiple cities, so I encourage you all to get involved:

"A proposal to coordinate a multi-city economic blockade on April 15th in solidarity with Palestine recently received overwhelming commitments to participate around the US and internationally.

The proposal states that in each city, we will identify and blockade major choke points in the economy, focusing on points of production and circulation with the aim of causing the most economic impact, as did the port shutdowns in recent months in Oakland, California and Melbourne, Australia, as just a few examples.

There is a sense in the streets in this recent and unprecedented movement for Palestine that escalation has become necessary: there is a need to shift from symbolic actions to those that cause pain to the economy.

As Yemen is bombed to secure global trade, and billions of dollars are sent to the Zionist war machine, we must recognize that the global economy is complicit in genocide and together we will coordinate to disrupt and blockade economic logistical hubs and the flow of capital."

ETA: since I posted, organizers in St. Louis, Seoul, Brussels, and the Netherlands have signed onto the agreement, so if you saw this before and your city wasn't listed look again. anyone with the capacity to do some outreach, and a few connections to start with, could take the initiative to bring their city or region on board. read the solidarity agreement and check out the resources, and if you know trustworthy people in your area who might be interested in this sort of thing, talk to them about it.

remember that this isn't a series of protests (although some cities are organizing protests in conjunction), it's a commitment to take mass direct action and to maintain a united front in the face of any state repression. many organizers are (and have already been) using an affinity group model to actually coordinate those direct actions. autonomous groups can take action on April 15th whether or not others in their city/region have committed to this agreement. just do your homework (look up know-your-rights info specific to where you live + general direct action safety tips) and take good care of each other Blockades: a short guide to getting in the way Basic blockading Practical Protest Techniques: using your body Blockading: a guide ACT UP civil disobedience guide

[longbeachs]

Port Long Beach - Port Long Beach boasts state-of-the-art facilities

Port Long Beach boasts state-of-the-art facilities, including a complex network of container terminals, berths, and cutting-edge cargo-handling equipment. The economic impact of Port Long Beach extends far beyond its immediate surroundings. Port Long Beach is committed to sustainable practices. Shoreline Village: Stroll along the charming waterfront promenade, lined with shops, restaurants,…

[if-you-fan-a-fire]

"THOUGHT WILL BE GIVEN PROBLEMS OF THE DOMINION," Hamilton Spectator. September 2, 1933. Page 7. ---- Canada and World Crisis Theme of Conference ---- Non-Partisan Gathering to Open at Port Hope --- Interesting Program Has Been Drawn Up ---- Canada and the World Crisis is to be the theme of the Liberal summer conference, unconnected with any party organization, to be held at Port Hope next week, from Monday, September 4, to Saturday, September 9. Of "an unofficial nature as far as partizan politics are concerned," and having "no connection with any party organization," the conference has been called in "recognition of the fact that the rapidly shifting events of the past few years have not only brought to light problems hitherto ignored, but have also drawn within the range of government problems of a new order," according to the program.

It is expected that about 200 people from all parts of Canada, including political leaders, economists, and business and professional men, will attend to study Canada's national problems, which are set forth in the carefully prepared and comprehensive program. Among the Canadians who will speak are Rt. Hon. W. L. Mackenzie King, Hon. Vincent Massey, Hon. T. A. Crerar, Hon. James Malcolm, Hon. W. D. Euler, and F. S. Chalmers, editor of the Financial Post.

Notable Visitors Visitors to the conference will be Rt. Hon. Sir Herbert Samuel, G.C.B., M.P., and T. E. Gregory, professor of economics in the University of London, author of works on economic problems, from Britain; and Hon. Raymond Moley, who recently resigned as assistant secretary of state to edit a new weekly; and W. Averell Harriman, chairman of the N.R.A. committee of New York state, from the United States. The observations of these men on Canadian problems are keenly anticipated.

Although the members of the committee are Liberals, and many members of the federal and provincial Liberal parties are expected to attend, liberal-minded men and women of all party affiliations are welcomed, the program states. It is the belief of the promoters that "the application of many political principles has become obscure, and many political formulas which have served in the past have been rendered obsolete." The summer conference is "designed to direct organized thought to the present-day problems of government in the widest sense of that word."

Interesting Program The program is an interesting one, embracing addresses, lectures and round table discussions, and a conference dinner on Friday evening, the subjects to be discussed including: Canada's Foreign Policy, The N.R.A. in Operation, Electoral Reform, Federal-Provincial Relations, The Future Economic System of Canada, Unemployment, Canadian Banking and Monetary Policy, The Significance for Canada of the American New Deal, Canada and the Far East.

[globallancers]

How Adani Port's digital initiatives have yielded positive results?

APSEZ  Adani Port Special Economic Zones stands as one of India's major port operators in terms of size and scale. The company operates 13 ports in India and has a cargo handling capacity of over 300 million tonnes per annum. 

In 2021, Adani Ports' digital transformation initiatives helped them to save $100 million.

Adani Ports' digital transformation initiatives have helped them to reduce the number of accidents at their ports by 20%.

Adani Ports' digital transformation initiatives have helped them to improve customer satisfaction by 15%.

Adani Ports' digital transformation initiatives have helped them to increase their market share by 5%.

Adani Ports has been a leader in digital transformation in the Indian ports and logistics industry. In recent years, APSEZ has been investing heavily in digital transformation. They have implemented a number of new technologies, including:

A cloud-based platform that allows them to collect and analyse data from across their operations. This platform has helped them to improve efficiency, productivity, and safety. For example, they have been able to use the platform to automate tasks such as vessel scheduling and cargo handling. They have also been able to use the platform to identify and address potential safety hazards.

A chatbot that can answer customer questions and provide real-time information. This chatbot has helped them to improve customer service. For example, customers can now use the chatbot to get information about port operations, such as the status of their shipments. They can also use it to get help with booking appointments and making payments.

A facial recognition system that can be used to identify and track workers. This system has helped them to improve security. For example, they can now use the system to track the movements of workers in and around the port. They can also use the system to prevent unauthorised access to sensitive areas.

As a result of these efforts, it has been recognised as one of the most innovative companies in India. Some of the ways in which they have led the way include:

Investing in emerging technologies: 

Adani Ports has been early adopters of emerging technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT). They have used these technologies to improve efficiency, productivity, and safety at their ports. For example, they have used AI to automate tasks such as vessel scheduling and cargo handling. They have also used ML to predict maintenance needs and improve traffic flow. And they have used IoT to collect data on port operations that can be used to improve decision-making.

Developing a digital-first culture: 

Adani Ports has created a culture that is open to innovation and change. They have encouraged employees to embrace new technologies and to find new ways to use them to improve operations. They have also invested in training and development programs to help employees keep up with the latest trends in digital transformation.

Building a strong data foundation: 

Adani Ports has invested heavily in building a strong data foundation. They have collected data from a variety of sources, including sensors, cameras, and transactional systems. They have then stored this data in a secure and scalable data lake. This data lake provides a foundation for Adani Ports to use advanced analytics to gain insights into their operations and to make better decisions.

Partnering with technology providers:

Adani Ports has partnered with leading technology providers to accelerate their digital transformation journey. These partnerships have helped them to access the latest technologies and to get the support they need to implement them successfully.

Final Take

In conclusion, Adani Ports' digital transformation solutions have delivered significant positive outcomes, positioning the company as a leader in the Indian ports and logistics industry. Adani Ports' success story serves as an inspiration for other organisations looking to embark on their own digital transformation journey. As they continue to push boundaries and set new benchmarks in the industry, their digital initiatives exemplify the transformative power of technology and the immense potential it holds for driving efficiency in the ports and logistics sector. By leveraging digital innovation, Adani Ports is not only shaping its own success but also paving the way for a more connected, efficient, and prosperous future in the industry.

[akhiltiwari]

APSEZ is also building an incubation centre at the port there which will be the biggest startup accelerator for the group, said the executive, speaking on the condition of anonymity.

[melanesianews]

PM MARAPE CALLS FOR DIVERSIFICATION OF ECONOMY WHEN OPENING SEZ SUMMIT

APPROVED FOR RELEASE: MAY 8, 2023 Prime Minister Hon. James Marape says “a sustainable economy is a diversified economy”. He said this on Sunday (May 7, 2023) night when opening the three-day Papua New Guinea Special Economic Zone (SEZ) Summit in Port Moresby. “The effective anchor of a sustainable economy is a diversified economy with all parts of our country and citizens participating,” PM…