Too early to write off Japan’s shipyards despite exit of historic name Sumitomo Heavy Industries
Respected name has quit commercial shipbuilding, but Imabari and others are showing the way forward
February 2024
Ammonia Trade Flows About to Blow Up
Demand for seaborne transportation of ammonia is about to blow up in the coming years. In its latest weekly report, shipbroker Intermodal said that “traditionally used in fertilizer production and as a component in chemicals and explosives, ammonia is …
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Emissions trading begins to bite
Emission trading systems (ETS) are “cap and trade” schemes that permit the emission of greenhouse gases in exchange for allowances. They are just one part of the ever-expanding web of environmental measures that are impacting the shipping industry with…
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How the extended EU Emissions Trading System will impact maritime transport and ports
From 1 January this year, global shipping is now a part of the European Union’s Emissions Trading System (EU ETS), one of the Union’s main tools to curb greenhouse gas emissions. And whilst it is a significant policy shift that will boost the sector’s …
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Vessel Sustains ‘Superficial Damage’ After Drone Attack North of Djibouti
A vessel sustained “superficial damage” after being hit by a drone in the Red Sea, 60 nautical miles north of Djibouti, the United Kingdom Maritime Trade Operations (UKMTO) agency said on Monday.The attack resulted in minor damage to the vessel’s accom…
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