Petroleum tanker rates for routes originating in Europe rose to record highs in April 2022 because of geopolitical instability related to Russia’s full-scale invasion of Ukraine and rising marine fuel prices, also known as bunker fuel. Dirty tanker rat…
New data released today has revealed how the global shipping industry will require the equivalent of the world’s entire current renewable energy demand in order to replace fossil fuel use. ‘Fuelling the Fourth Propulsion Revolution’, authored by …
If you’ve never lived near a port or worked in one, you may be unaware of the vital role they play in our lives. Most of the products we consume daily travel through ports, making them a key link in the global production and supply chains we rely on. “…
Why ports are at the heart of sustainable development Read More »
Long asset lifespans, high energy dependency and limited viable alternatives make shipping one of the harder-to-abate sectors to decarbonise, according to Fitch Ratings. In a special report on long-term climate vulnerability, Fitch said that low margin…
Decarbonisation a “secondary issue” for Shipping Read More »
The LNG market is experiencing a ‘perfect storm’ right now, a situation that has evolved through a sequence of events, each worse than the one before. Things may soon be getting out of hand. The pressure of the energy transition has set back investment…
LNG newbuilding market in a ‘perfect storm’ Read More »