A flurry of new regulations has entered into force since the beginning of the decade for shipping, leading to an increasing cost burden, depending on the ships class and type, as well as its area of activity. In its latest weekly report shipbroker Gibs…
Shipping: Environmental Regulations Adding to Costs Read More »
The energy transition is advancing, but not at the same pace everywhere. In 2015, just 0.7% of new cars sold were electric; by 2024, that figure had surged to 22%. Over the same period, solar’s share of global electricity generation increased sixfold. …
How the maritime industry is preparing for alternative fuel adoption Read More »
Shipping companies focused on fuel efficiency and emissions reduction may be overlooking a hidden source of cost when operating in rough seas that ClassNK researchers say can quietly erode performance, waste fuel, and damage engine components. A new te…
ClassNK closes the ‘speed gap’ fuel cost of heavy weather Read More »
Around 13,000 vessels reported their 2024 data on the EU MRV platform in compliance with the MRV guidelines. The CO2 emitted by these vessels in 2024 must be paid for by surrendering 40% EU Allowances (EUAs) for each tonne of CO2. The first due date fo…
First EU ETS shipping payment due 30 September Read More »
Three recent bulk carrier projects show how LR’s approach keeps wind conversions on schedule and in compliance – and how early planning ensures ship operators aren’t left in a spin over rotor sail installations. Wind-assisted propulsion systems (WAPS) …
How to sail through your wind-assist retrofit Read More »