Sea waves can impede the speed and performance, as well as increase the fuel consumption of ships travelling on the ocean, which then adds to maritime greenhouse gas (GHG) emissions. But measuring this impact has been difficult. Now, researchers from N…
Industries and sectors around the world have set emission-reduction targets to limit global warming to a 1.5°C increase—as outlined in the Paris Agreement—as this could significantly reduce the risks and impacts of climate change.1 The transport sector…
Driving decarbonization: Accelerating zero-emission freight transport Read More »
Tanker values have surged to decade highs, on the back of strong earnings in the spot market. In its latest weekly report, shipbroker Gibson said that “over the past few years tanker owners have watched containership values surge to unbelievable levels…
Tanker Prices Reach 10-Year Highs Read More »
Capesize The Capesize market lost ground throughout the week with the average of the five time charter routes trending down from $21,526 on Monday to $17,255 on Friday. The west Australia to Qingdao route lost $1 over the week, with fixtures at $9.75 a…
Dry Bulk Market: Capesize Lose Ground During the Week Read More »
A ferry described as the world’s fastest electric passenger vessel is being trialled in Sweden. As shipping as a whole attempts to decarbonize, could this be an indicator of the industry’s future? The fastest electric ship In 2023, a new electric ferry…