Turloch Mooney, Director at S&P Global Market Intelligence, emphasizes the importance of better port performance and network efficiency as critical levers for the maritime trade industry to tackle emissions. The report highlights a decline in container moves on ocean-going ships in all US regions, prompting improved operational performance and increased port productivity. Digitization emerges as a crucial opportunity for sustainable efficiency improvements, aiding the industry in meeting decarbonization targets and minimizing supply chain disruptions. Additionally, the report notes positive trends in yard productivity and ship waiting times, both in the US and at major Chinese gateways. Southeast Asia's growing role in global supply chains is reflected in increased container moves at ports in the region.

SOURCE:GOOGLE