The repositioning of empty containers costs the liner industry an estimated $15-20billion every year according to Boston Consulting Group (BCG), as containers sit idle at a depot or are repositioned to a different loading point while empty. This is time spent not earning revenue, whil incurring additional costs
Wasteful, Unwarranted and does not address the ‘Marijuana Challenge.’On December 28, 2018, the United States Coast Guard published a notice in the Federal Register alerting the maritime industry of its determination to increase the minimum annual rate of random drug testing for 2019 from twenty-five percent (25%) to fifty percent (50%). American Maritime Safety, Inc.
Singapore's maritime sector is preparing to ride the wave of digitalisation as a means to chart next phase of growth. The Maritime and Port Authority of Singapore (MPA) will focus on digitalisation to help companies innovate and improve productivity over the next three years, said Dr Lam Pin Min, Senior Minister of State, Ministry of Transport & Ministry of Health.