Trendwatch: Turkey-Syria earthquake: Fire at Iskenderun port extinguished; Biden urges supply chain resilience at State of the Union; How the FMC plans to enforce the Ocean Shipping Reform Act in 2023

Turkey-Syria earthquake: Fire at Iskenderun port extinguished

A huge fire at one of Turkey's main ports has been extinguished, the defence ministry has said.

The blaze at Iskenderun, on Turkey's Mediterranean coast, was caused by Monday's earthquakes, which have devastated parts of the country.

Hundreds of shipping containers caught fire, sending an enormous plume of dense, black smoke into the sky.

The authorities said that the fire was extinguished on Tuesday but it then reignited.

BBC News


Biden urges supply chain resilience at State of the Union

President Joe Biden touted what he called the rewritten script of U.S. manufacturing in his second State of the Union address on Feb. 7.

The issue was one of the first topics addressed in the president’s annual speech. Biden boasted of several legislative feats in 2022 – particularly on infrastructure and investments in cutting-edge production facilities – while pressing Congress to “finish the job” and ensure the U.S. became a global manufacturing leader.

“Where is it written that America can’t lead the world in manufacturing again?” he said. “For too many decades, we imported products and exported jobs. Now, thanks to all we’ve done, we’re exporting U.S. products and creating American jobs.”

Supply Chain Dive


How the FMC plans to enforce the Ocean Shipping Reform Act in 2023

The nation’s top ocean regulator is preparing to ramp up investigations into carriers this year following a tumultuous two years of congestion and high fees in the shipping industry.

The Federal Maritime Commission is currently working through more than 200 complaints against carriers, Commissioner Carl Bentzel said in an interview with Supply Chain Dive. And despite easing congestion at U.S. ports, shippers continue to note that they are being denied cargo space and facing rising detention and demurrage fees.

Supply Chain Dive


UK provides model for LME response to US aluminum tariffs

As the US prepares to impose a punitive tariff on imports of Russian aluminum, traders will be watching for a response from the London Metal Exchange — the home of the global benchmark price. A recent precedent in the UK suggests any impact is likely to be minimal.

When the UK imposed tariffs on Russian metal last year, the LME responded by banning new deliveries of Russian metal into its warehouses in the UK. The move was largely symbolic, because there wasn’t any metal in UK warehouses produced by the affected brands.



U.S. East Coast port workers begin early contract talks

Union locals that represent dockworkers at 36 ports from Maine to Texas have opened contract talks with employers well ahead of the current multiyear agreement’s expiration next year.

Maritime-industry officials say the early start to negotiations is a signal that both sides are eager to get a new contract amid a period of strained labor-management relations across industries, including at U.S. West Coast ports that compete for shipping trade.

”We’re not doing this for practice, so the intention is to get it done,” said John Nardi, president of the Shipping Association of New York and New Jersey, which represents ocean carriers and terminal operators at the East Coast’s busiest port.

The Wall Street Journal


EUROCONTROL Data Snapshot analyses how ransomware groups target aviation’s supply chain

The global air transportation system is a critical part of society. A key feature of the system is its high level of connectivity between different stakeholders and its increased digitalisation; however, the more digitalised, the more there is the risk of cyber-attacks. The challenge is to keep the system cyber-resilient – to keep risk at an acceptable level despite cyber-attacks.

This data snapshot shows the number of ransomware attacks which affected aviation in 2021 and 2022 (ransomware is a type of malicious software designed to block access to a computer system by encrypting its files until a sum of money is paid). The timeline on the left shows how many incidents have been reported in Europe on a quarterly basis. As can be seen on on the right, the majority of incidents impacted original equipment manufacturers (OEMs).



Is your supply chain truly committed to supplier diversity?

An increasing number of companies today are embracing supplier diversity programs, with the aim of buying more goods and services from historically underrepresented suppliers. From a risk-management perspective, however, such efforts shouldn’t be limited to top-spend suppliers. According to the 2021 BCI Supply Chain Resilience Report, 59% of disruption in the supply chain comes from smaller contractors and subcontractors.

A survey by Gartner and the Association for Supply Chain Management found that size does matter: 44% of supply chain organizations with more than $5 billion in revenue had formal diversity, equity and inclusion (DEI) targets. The number dropped to 25% for large companies with $1 billion to $5 billion in revenue, 31% for medium companies down to $100 million, and just 10% for those with less than $100 million in revenue.

Supply Chain Brain


Denmark awards first CO2 storage licenses seeking to build industry

Denmark selected projects from Total Energies, INEOS E&P, and Wintershall DEA to receive the country’s first full-scale CO2 storage permits for projects in the North Sea. The recommendation from the Ministry of Climate, Energy and Utilities marked the conclusion of the first of an annual tender for licenses for the exploration of full-scale CO2 storage on the Danish continental shelf as the country looks to the development of a new industry that will contribute to meetings its goals to reduce emissions.

The Maritime Executive