Cosco plots colossal $4.5bn order for 120 newbuildings
Fleet renewal plans emerge as China giant responds to ‘structural undersupply of tonnage’
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May 2024
Shipping: EU Carbon Market Could Trend Downwards
The EU carbon market could be set for further correction moving forward, with could impact the EU Emissions Scheme, which shipping is now a part of. In its latest weekly report, shipbroker Intermodal said that “the European carbon market has witnessed …
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Maximizing energy efficiency in the tanker segment
The carbon-neutral fuels of the future will be expensive. To keep fuel bills and global demand for green fuels under control and ensure ships remain competitive into the 2030s and 2040s, it is critical to minimize energy use and emissions by choosing t…
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“General Average and the Onus of Proof: Establishing Seaworthiness in Marine Insurance”
As a marine risks manager and marine claims consultant with 33 years of experience, I have seen numerous cases where the concept of general average plays a pivotal role in the maritime industry. General average is a principle under maritime law where a…
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Greenhouse Gases are Marine Pollution, Maritime Court Finds
A global maritime court found on Tuesday that greenhouse gases constitute marine pollution, a major breakthrough for small island states threatened by the rise in sea levels caused by global warming.In its first climate-related judgment, the…
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