Uncertainty Is the New Normal in Maritime Transport

Global maritime regulation is crumbling. How will Finland’s foreign trade fare amidst geopolitical crises? The closure of the Strait of Hormuz is just one example of recent challenges. A month ago, eighteen leading maritime nations issued a warning that the rules-based system governing global shipping is eroding. This will have serious consequences for the maritime … Continue reading Uncertainty Is the New Normal in Maritime Transport →

A competitive maritime cluster is the best security of supply

- What can we learn from the United States and Ukraine? Finland's foreign trade is completely dependent on its maritime transport. Although the share of services in our foreign trade is constantly increasing, almost all of our foreign trade goods travel by sea. However, the maritime operating environment is not stable. The COVID-19 pandemic, the … Continue reading A competitive maritime cluster is the best security of supply →

Does Finland’s NATO membership provide an opportunity to improve maritime security of supply?

At the beginning of February, I was taking a course to update my know-how of national defence, security of supply chains and crises situations. It was a continuation of the previous course. Six years ago, the things studied were distant and theoretical, today they are far too close. We have just survived the pandemic. A … Continue reading Does Finland’s NATO membership provide an opportunity to improve maritime security of supply? →

Risk management in supply chains is increasingly important

I'm sure I'm not the only one who feels like the world has gone unstable. One of our concerns is our country's security of supply. How will consumers get the products they need from abroad in the future, and how will industry handle the necessary transportation? The war in Ukraine is the third consecutive global … Continue reading Risk management in supply chains is increasingly important →

The security of supply of sea transports should be looked at broadly – the Finnish flag is not a solution to security of supply, even in a war situation

The recent report on maritime security of supply is a great opening on the Finnish security of supply when maritime transport concerned. It pushes us to change the focus from the Finnish flag during the state of war, towards other disruptions in supply chains and different operating models, taking into account also alternative routes, forms … Continue reading The security of supply of sea transports should be looked at broadly – the Finnish flag is not a solution to security of supply, even in a war situation →

Expert opinion on maritime security of supply

Supporting tonnage under the Finnish flag has long been an inadequate and ineffective measure from a security of supply point of view, as potential disruptions are increasingly occurring far from our sea areas and affect only a small proportion of products. Tonnage management will not help if the product is not available. Expert opinion Parliamentary … Continue reading Expert opinion on maritime security of supply →

Security of supply chains has been an illusion – how will war affect global transport chains?

The peaceful and balanced period in world transport over the last 10 years has been abnormal. We are moving from just-in-time production to just-in-case production. We live in exceptional times. Product delivery times extended throughout last year -  there was discussion of a container crisis and sea freight prices are at their peak. Just as … Continue reading Security of supply chains has been an illusion – how will war affect global transport chains? →