The open sea, while a vital trade route, is a realm of unpredictability. From tempestuous storms to unforeseen collisions, maritime disasters can strike without warning, leaving businesses vulnerable to significant financial losses. One often overlooked threat lurking beneath the waves is General Average.
Hold onto your dragons, shippers! The port congestion wars are upon us, and just like the epic dance of the dragons in House of the Dragon, waiting for the perfect moment to strike could leave you out in the cold (or, more accurately, stuck on the dock).
As I set quill to parchment, prepare yourselves to dance with the scandalous tales of Bridgerton and the masterful marketing secrets they behold. While Lady Whistledown may not have been a traditional marketer, the Bridgerton series offers surprising insights applicable to modern marketing strategies.
Formula 1 isn't just about crossing the finish line first. It's the roar of the crowd, the intricate strategies, the heart-stopping maneuvers – an immersive spectacle that leaves fans buzzing long after the checkered flag. Event marketing aspires to achieve a similar feat. While a successful turnout is crucial, true impact lies in engagement, Return on Investment (ROI), and a lingering positive impression.
The world of video creation is undergoing a dramatic shift, fueled by the rapid advancement of artificial intelligence (AI). Gone are the days of bulky equipment, complicated editing software, and hefty budgets. With a few clicks and a dash of imagination, AI is churning out personalized, high-quality videos in minutes. But before we all become award-winning video directors, we must ask: are AI-generated videos a revolutionary "Yay!" or a concerning "Yikes!"?
UK based Tullow Oil will drill their first exploration well, Jethro-1, in Guyana during Q2 2019, followed by a second well named Joe. Tullow operates the Orinduik Block with partners Total and Eco Atlantic. In January 2019, Ramps Logistics secured the fully integrated cross-border logistics contract inclusive of shore base provision and management, marine agency, personnel logistics, freight forwarding and customs brokerage. Further to this is a host of 3rd party services such as waste disposal, tank cleaning and CCU provision. .
Ships require considerable support from IT teams ashore because there are no experts on board. Some seafarers have some knowledge of computers and bridge equipment, but there is no dedicated IT expert on a ship. This was highlighted by Ericsson business director Douglas Watson during a seminar, co-hosted by Riviera Maritime Media and Speedcast International, in Norway at the end of May.
The cloud-based solutions and applications are quickly conquering the markets all over the world; they deemed to be highly scalable, easy to manage and cost-effective. Small and middle-sized companies are pushed by the aggressive competition to be more flexible and adaptive. Big enterprises might not be that open to innovations but are hypersensitive to cost and resource savings. The transition from an on-site data handling to the cloud one opens the new opportunities in the overall company management. In the below article I propose to have a look at the main benefits and advantages of the cloud-based logistics management. More findings on the cloud cargo transportation and warehouse management systems you may discover on the web.
With an aim to drive improvements in the dry bulk shipping industry, the Australian mining giant BHP Billiton said it plans to focus on a future that is much more automated.
Supplier collaboration and sustainability can drive innovation and growth in top supply chains, but only 43 percent of suppliers feel fully empowered to collaborate with their partners, says new research from 3M. Surveying 237 suppliers around the globe, the report uncovers insight on the most urgent trends, opportunities, and challenges facing suppliers today.
Across the global economy, consumers are wanting more. In fact, it is not just a desire for more; it a demand. Consumer actions are shaping how shippers and carriers interact, ranging from contract negotiation to exploring new technologies. With the rise of Amazon, consumers have also been able to access an endless product array at historic, record-low shipping costs. In response, more shippers have ditched their practices of working with carriers directly for third-party logistics provider (3PL) partnerships. However, the continued increasing demands of consumers are driving a shift away from process improvement to customer-focused logistics, and you need to understand how this will impact your operation.
This follows reviews of the technical and environmental aspects of the giant Liza oil discovery in the Stabroek Block offshore Guyana. Exxon submitted the development plan for the Liza project in December 2016. The Liza project is estimated to hold an excess of 1 billion oil-equivalent barrels.
On June 1st, President Trump announced that the US was withdrawing from the Paris Agreement on Climate Change. This treaty committed the US – and 194 other countries – to reducing rising global temperatures.
BP Trinidad and Tobago (BPTT) today announced that it has made two significant gas discoveries with the Savannah and Macadamia exploration wells, offshore Trinidad. The results of these wells have unlocked approximately 2 trillion cubic feet (tcf) of gas in place to underpin new developments in these areas.
UPS remains the world's most valuable logistics brand at US$22 billion, while TNT Express's brand value dropped 42 percent, making it the fastest-falling brand in 2017. That's according to valuation and strategy consultancy Brand Finance, which values the brands of thousands of the world's biggest companies.
In a globalized economy where finalized products have components manufactured all over the world, effective management of supply chains is critical. Each party in the supply chain is dependent upon the other parties performing their responsibilities. If one party fails to perform its responsibilities the consequences can cascade both up and down the supply chain, creating legal exposure for other parties. Michael D. Parrish, a partner at Fasken Martineau’s Insurance and Product Liability Practice Group, suggests adopting these habits to reduce and mitigate risks faced by supply chain parties.
The economic cycle and the shipping cycle (the microeconomic side of both businesses) play a crucial role on the future of ports and shipping, as it has been in the past. Regarding the latter, the presence of the shipping (or maritime) cycle along the history of the shipping business for over 275 years.
IN THE years since the global financial crisis the container shipping industry, excluding Maersk, has burned through $5bn in earnings before interest and tax, due to liner companies’ focus on market share and not profitability.
The United States (US) oil giant, ExxonMobil, is yet to make its Final Investment Decision (FID) to engage in commercial production offshore Guyana because local regulatory agencies are still reviewing applications, officials said Tuesday.
Tullow Oil is stepping up exploration of frontier basins offshore South America and West Africa.
RockStone is a village on the right bank of the Essequibo River Region of Guyana. On the 6th of May, the RAMPS Logistics and El Dorado Offshore Guyana team headed up to Rockstone with our families and friends for the day. Leading up to the day a menu was set and groceries were bought and all preparations were made for a safe trip. Some of us met at the RAMPS office and left via hired bus, the others drove personal vehicles. An assembly point, located at the head of the linden highway, where we met, did our safety talk and then we were off to start our day.
ExxonMobil has awarded a new Engineering, Procuring, Construction and Installation (EPCI) contract to Saipem for the Subsea Umbilicals Risers Flowlines (SURF) package of the proposed Liza project that Esso Exploration and Production Guyana Limited is operating together with joint venture partners Hess and Nexen.
Israeli-based Ratio Guyana Limited will soon announce commencement of 3D seismic work with its joint venture partner Esso Exploration and Production Guyana Limited (EEPGL), a subsidiary of US oil exploration giant ExxonMobil, in the Kaieteur Block, offshore Guyana.
TechnipFMC has been awarded a contract by an affiliate of ExxonMobil for the engineering, manufacture and delivery of the subsea equipment for the proposed Liza deep-water project.
Apache Oil and Gas Corporation has failed to find commercial quantities of oil at its Kolibrie-1 well, offshore Suriname. The closely-watched drilling operations took place 129km off the coast of the South American country, in Block 53.
Talks were under way last night to try to avert the closure of the port of Antwerp due to industrial action by river pilots. Flemish mobility minister Ben Weyts cancelled a planned trip to New York to revive talks with the pilots’ union BvL, which had collapsed late on Tuesday.
Industry stakeholders at the International Cargo Handling Coordination Association (ICHCA International) Packaged Dangerous Goods Seminar in London have agreed that the Tianjin port disaster should spur further collective effort to address misdeclaration and the safe shipment of containerized dangerous goods.
El Dorado Offshore (EDO), a subsidiary of Ramps Logistics, inducted their first batch of Guyanese mariners in October 2016, to work on-board Edison Chouest vessels, which are currently assisting Exxon Mobil’s oil exploration project in Guyana. EDO has placed strong emphasis on its human capital value, highlighted by the company’s commitment to capacity and competency development.
We are honored to receive the Exporter of the Year Award at the 2017 Trinidad and Tobago Energy Conference. The conference was held by The Energy Chamber of Trinidad and Tobago and took place on the 23rd – 25th January, 2017 at the Hyatt Regency, Port-of-Spain.