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…
Emissions trading begins to bite Read More »
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 …
How the extended EU Emissions Trading System will impact maritime transport and ports Read More »
Green methanol has emerged as one of the leading solutions for reducing shipping emissions. However, despite its apparent benefits in reducing SOX and NOX emissions, it’s still not carbon-free, while costs are still very high. In its latest weekly repo…
Capesize The week started on a subdued note as Asia observed Lunar New Year holidays, all three major mining companies active in the Pacific, contributing to an upbeat sentiment despite minimal activity elsewhere. Conditions were notably calm from Sout…
Dry Bulk Market on the Rise Read More »
Several factors have aligned over the past two years to create a robust and profitable market for tanker owners, which is expected to drive newbuild activity over the coming years. “Like everything else, supply and demand forces dictate the marke…
Strong outlook for the tanker market in 2024 and beyond Read More »