As the shipping industry approaches 2025, several key trends are poised to reshape its landscape: Decarbonisation and Sustainable Practices The push towards reducing greenhouse gas emissions remains a central focus. Major shipping companies are investing in dual-fuel vessels capable of operating on cleaner fuels such as liquefied natural gas (LNG), methanol, hydrogen, and ammonia. This…
The shipping industry, a backbone of global trade, has long been a cornerstone of commerce. However, its significant contribution to global greenhouse gas (GHG) emissions—accounting for approximately 3% of the global total—places it squarely in the spotlight of environmental scrutiny. As the world embraces the urgency of climate action, the shipping sector is undergoing a…
Donald Trump’s presidency, given his policy tendencies during his previous term, could have significant implications for the international shipping industry. His approach to global trade, environmental regulations, and international agreements could shape the landscape in several ways: Trade Policy and Tariffs Trump's trade policies in his first term were characterised by protectionism and a focus…
The 29th United Nations Climate Change Conference (COP29) convened in Baku, Azerbaijan, from November 11 to 22, 2024, bringing together nearly 200 countries to address the escalating climate crisis. The conference concluded with a commitment from developed nations to mobiliSe $300 billion annually by 2035 to support developing countries in combating climate change. However, this…
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