The growing stringency in environmental regulation has compelled the maritime industry into a major shift in fuels. Regional and national lawmakers are also demanding a faster energy transition attributed to a changing climate of public opinion, affect…
Fuel flexibility starting with LNG Read More »
The escalation of the Ukraine /Russian crisis has highlighted the challenges shipping companies are facing due to growing geopolitical risks. Black Sea is a key transit point for agriculture products, metals and energy and is expected that the military…
‘Ukraine crisis and potential damaging effects on ship owners’/ship operators’ finances’ Read More »
Although tanker scrapping revived in the past twelve months, recycling activity within the world merchant ship fleet has been generally subdued in recent years. But signs point to much larger future volumes of vessels being consigned to shipbreakers’ y…
Shipowners’ muted enthusiasm for scrapping Read More »
The U.S. responded to the Russian invasion of Ukraine by imposing sanction measures targeting not only the core infrastructure of the Russian financial system but also the shipping industry. The US Department of Treasury’s Office of Foreign Assets Cont…
US Response to Russian Invasion with Sanctions on Shipping Read More »
Data-driven operational efficiencies on existing ships will be necessary to achieve emissions cuts required to reach IMO targets. But a proliferation of new digital solutions in recent years has resulted in an “overwhelming” software market that is dif…