Annual Review and Outlook - Maritime

Annual Review and Outlook - Maritime

ARO Commentaries

Infrastructure investments in our seaports, both on land and in the water, bolster our economy, provide job opportunities and enhance competitiveness. Port Canaveral is facing unprecedented demand for bulkhead space — the highest in the port’s 65-year history.
Port Everglades is evolving rapidly with more than $1 billion of infrastructure improvements underway or scheduled for the next five years.
Having compensatory ocean freight rates has a domino effect on our industry. When shipowners make money, ports make money, allowing ports to make significant investments in necessary infrastructure, equipment, and technology.
Our future is that of a state-of-the-art integrated gateway, which enables us to think more comprehensively about freight movement and our multimodal efforts in order to meet the industry’s changing needs.
In the face of uncertainty, it’s best to stick with fundamentals. For seaports, that means cost control and operating efficiency.
One solution for a port our size? Diversification, which is why we’re focused on offering shippers a variety of ways to access markets in this ever-changing world economy.
While increased tariffs may result in temporarily decreased volumes, we are focusing on diversifying our cargo mix as set forth in our strategic growth plan.
For those who are unable to adjust and thrive in today’s new playing field, largely characterized by ever more competitive carriers with scale advantage and fewer alliances with greater market influence, we may see further consolidation taking place or companies struggling desperately to survive.
Our response to change: Embrace it. We are committed to actively redefining the role of ports in the end-to-end supply chain by embracing our digital transformation.
We’re exploring how data sharing offers greater cargo visibility and can reduce truck turn times and yard dwell.
We will monitor the implementation of IMO 2020 to enforce a 0.5 percent global sulfur cap on the industry, as well as the growing digitalization, e-commerce, blockchain, and autonomous shipping.
Safety and zero harm remain top priorities. These core values continue to be imperative and must be an integral part of the industry’s culture, extending to all personnel, labor, operations, cargo, and the environment.
While ports will always face new challenges associated with supporting evolving and complex global supply chains, dominant themes continue to be gateway performance and capacity.
Emerging technologies are not limited to ship design and operation. They must also be used to make seagoing careers more attractive.
There may be a shortage of reefer containers in the year ahead.
the South Carolina Ports Authority is working to finalize major infrastructure projects that will enhance our operating efficiency and assimilate anticipated Southeast regional growth.
2019 will see a continued embrace of information technology to facilitate cargo transportation. All sectors of the marine cargo-handling industry should adapt their operations to utilize these tools that are becoming more widespread.
Canada’s international trade is growing, which has a direct impact on regions like Metro Vancouver, home of Canada’s largest port.
We have witnessed the first complete year under the Comprehensive Economic and Trade Agreement, and it has yielded real benefit.
Over the last few years, the scale game has taken everyone into a whole new industry landscape.