In the last week of November, the crude oil freight market showed continued weakness in sentiment, although earlier expectations pointed to a recovery in the very large crude carrier (VLCC) segment. At present, the market appears to be struggling to fi…
In the vast expanse of the world’s oceans, a transformation is underway. The international shipping sector, made up of thousands of massive cargo ships laden with many of the goods we buy, emits carbon dioxide (CO₂) roughly equivalent to the entire cou…
Sails And Satellite Navigation Could Cut Shipping Industry’s Emissions By Up To A Third Read More »
The International Chamber of Shipping (ICS), which represents over 80% of the world’s merchant fleet, and the International Bunker Industry Association (IBIA), which represents the global bunker industry, have submitted a joint proposal to the shipping…
A progress report from the Silk Alliance projects a strong and increasing demand for methanol and ammonia from 2030 onwards. It estimates more than 3 million tonnes of clean methanol and a minimum of 280,000 tonnes of clean ammonia will be required by …
The European Parliament and the Council have reached an agreement on updated and more efficient rules for waste shipments. Of special relevance to the shipping community, this new agreement will make it possible to responsibly recycle EU-flagged ships …