When compared to other methods of transportation, marine shipping is one of the most energy-efficient ways to move cargo. That is not to say, however, that marine shipping does not produce its share of pollution. In fact, the drastic increase in container shipping in the latter half of 2020 has meant the use of dirty […]
Shipowners and operators should get ready for a rough ride in 2020 as several economic and political factors will continue to shape the industry. The Trans-Pacific Eastbound will struggle, with not enough of a demand increase to make up for the excess capacity, amid an ongoing trade war between the U.S. and China. Volume Contracts […]
On January 1, IMO regulations will come into effect and kick off a shift to lower sulfur marine fuels. The new regulations require marine fuels to have a sulfur content of 50 ppm, down from the current standard of 350 ppm. In practice, that means the ships are now beginning to start cleaning out their […]
At G7 this year, a surprising new voice spoke up in favor of mandatory slow steaming. French President Emmanuel Macron called slow steaming “one of the most effective ways to reduce greenhouse gas emissions globally.” His support comes in the wake of a spring open letter to IMO from shipping companies that praised “The real-world […]
Shipping is cleaning up its act, but not everyone appears to be ready. Oceangoing vessels have burned heavy oil, the world’s dirtiest propulsion fuel, since switching over from coal. Starting on January 1, 2020, the industry will take a big step in the right direction– but for some, that step may be more of a […]