Yesterday the World Shipping Council published a paper highlighting serious concerns for maritime trade and global efforts to reduce greenhouse gas emissions if the EU expands its Emissions Trading System (ETS) to include international shipping. The WS…
An EU ETS for Shipping Would Undermine a Global GHG Solution Read More »
The coronavirus pandemic dealt a severe blow to global merchandise trade. Data from weekly port calls by container ships show early but uneven signs of recovery. The number of ships pulling into ports to unload and load containers rebounded in many par…
COVID-19: Shipping data hints to some recovery in global trade Read More »
Overview A stunningly strong 12 months for the tanker shipping industry is now being replaced by lower freight rates, as lower oil production and demand sets in across the globe. MARKET ANALYSIS TANKER Only China bucks this trend with record-high crude…
BHP has awarded the world’s first LNG-fuelled Newcastlemax bulk carrier tender, with the aim of reducing greenhouse gas (GHG) emissions by more than 30 per cent per voyage. Eastern Pacific Shipping (EPS) has been awarded the five-year time charter cont…
More than 200 representatives from Getting to Zero Coalition members convened virtually this week for the Coalition’s second biannual working session with the objective of advancing the ambition of having commercially viable zero emission vessels opera…
The Getting to Zero Coalition sees momentum building around shipping’s decarbonization Read More »