The energy transition is advancing, but not at the same pace everywhere. In 2015, just 0.7% of new cars sold were electric; by 2024, that figure had surged to 22%. Over the same period, solar’s share of global electricity generation increased sixfold. …
How the maritime industry is preparing for alternative fuel adoption Read More »
Maritime companies are stuck in the early stages of AI adoption, unable to scale beyond small experiments as widespread optimism collides with implementation reality, according to new industry research. The study “Beyond the Hype: What the maritime ind…
Maritime Companies Struggle to Scale AI Despite High Enthusiasm Read More »
The dry bulk market continues to enjoy the fair summer weather, despite some softening of vessel benchmarks from late July peaks. As of mid-August, gearless Baltic benchmarks have retreated, while geared segments remain supported at elevated levels, a …
Enjoy the dry bulk market’s Indian summer while it lasts, says MSI Read More »
Shipping companies focused on fuel efficiency and emissions reduction may be overlooking a hidden source of cost when operating in rough seas that ClassNK researchers say can quietly erode performance, waste fuel, and damage engine components. A new te…
ClassNK closes the ‘speed gap’ fuel cost of heavy weather Read More »
Around 13,000 vessels reported their 2024 data on the EU MRV platform in compliance with the MRV guidelines. The CO2 emitted by these vessels in 2024 must be paid for by surrendering 40% EU Allowances (EUAs) for each tonne of CO2. The first due date fo…
First EU ETS shipping payment due 30 September Read More »