Suppliers Continue to Weather the Economic Storm

MarineLink.com
Monday, October 21, 2013
Jens Olsen ISSA President

Ship suppliers are managing to weather the economic storm by putting solid and vetted business partnerships ahead of any major move towards online procurement, according to the industry’s leading trade body.

The International Shipsuppliers & Services Association (ISSA) said that while e-commerce was clearly part of the ship supply sector, it was the traditional practices of the small to medium sized supply businesses that were proving more resilient in today’s turbulent economic times than “the global behemoths that have been shown to try and fail spectacularly over the past 20 years”.

"By its very nature, ship supply is a bespoke business “and one size does not fit all,” said Jens Olsen ISSA President.

He added, “Working with partners such as InterManager, ISSA has been able to flag up the contentious issue of late payment by ship managers and continues to seek innovative solutions to assist both sides in fulfilling their financial obligations timeously. In spite of everything the ISSA membership roll continues to grow in particular in India, Indonesia and certain parts of South America.”

High on ISSA’s agenda is the impact ship supply is having on the environment and it is encouraging its members to implement green policies and achieve internationally-recognised environmental standards under its flagship Green ISSA initiative.

Launched some three years ago, Green ISSA seeks to educate owners, managers and suppliers to best practice in areas such as safe disposal of onboard waste, reduction in packaging (particularly shrink-wrap) and reusable supply packaging where possible.

ISSA President Jens Olsen said, “We believe that the modern ship supply industry must have environmental considerations at the heart of its business practices and we are encouraged to see that many of our members are already working towards achieving international environmental standards.”

In addition to complying with international regulations, there are numerous ways in which ship suppliers can ensure their business takes proper consideration of environmental concerns including:

  • Minimizing waste
  • Introducing biodegradable packaging
  • Ensuring fridges and freezers are operating efficiently and economically
  • Avoiding unnecessary delivery journeys to vessels
  • Using vehicles with low emissions or that run on eco-fuels


Mr. Olsen pointed out, “In addition to helping the environment, some of these measures can save companies money themselves – particularly by consolidating deliveries to ports which now charge fees of up to $100 per visit.”

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

MHI Receives "Best IR Award"

Mitsubishi Heavy Industries, Ltd. (MHI) has received one of this year's "Best IR Awards" presented annually by the Japan Investor Relations Association (JIRA).

Houston Port Commission Approves budget

The Fiscal Year 2015 Operating and Capital Budget was approved Thursday during a special meeting of the Port Commission of the Port of Houston Authority.   Projections

Environmental

Steven Palazzo Visits HII, Newport

Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi,

Environmental Groups: IMO Polar Code Too Weak

The International Maritime Organization (IMO) today adopted the Polar Code aimed at regulating shipping in Polar Regions. Several environmental groups have criticized

Bouchard Vessels Honored by SCA

Forty-three Bouchard Transportation Co., Inc. vessels have been honored by The Chamber of Shipping America (CSA) with Certificates of Environmental Achievement.

Logistics

ST Engineering Rejigs Top Deck

Singapore Technologies Engineering Ltd (ST Engineering) today announced the appointment of senior management personnel to new key management positions in the

October Imports up 9% at Port of Oakland

Containerized imports shipped through the Port of Oakland were up 9.17% in October from a year ago, the port said, citing the surge as the biggest jump in import cargo volume in six months.

Cost to Fuel Ships Falls

For a ship that burns 24 tonnes of fuel per day while steaming, fuel costs are reduced by as much as $1 million a year if current price level stay put. Assuming

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1644 sec (6 req/sec)