Driven by EU regulations and IMO goals, the maritime industry is maintaining course for decarbonization but making slow headway towards an alternative-fuelled fleet. DNV’s latest Maritime Forecast to 2050 report confirms our previous finding that carbo…
Strategies for meeting upcoming decarbonization targets Read More »
The 17th Intersessional Working Group on GHGs has concluded with a number of important developments, that can be used to guide expectations on the nature of measures the IMO is expected to adopt in 2025. The meeting progressed the drafting of a new Cha…
Ahead of next week’s International Maritime Organization’s Marine Environment Protection Committee meeting (IMO, MEPC 82, September 30-October 4), the Clean Shipping Coalition urged national delegations that support ambitious climate action to also ins…
The last week of September is concluding with an upward trend in VLCC rates on the Arabian Gulf-China route, signalling a strengthening market as we approach the winter season, a period traditionally marked by increased energy demand. The momentum curr…
Tanker Weekly Market Monitor: Crude oil flows to China Read More »
The global shipping industry is not on track to meet its target of having zero-emission fuels account for 5% of all fuels by 2030. That’s according to a new report from the UCL Energy Institute, UN Climate Change High-Level Champions, and the Getting t…