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 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…
In September 2024, South Korea launched its first containership featuring an integrated automation system, marking a significant leap in maritime technology. This innovation reflects the growing role of advanced technologies in modern shipping. The new containership was built with sophisticated automation that handles various ship functions, including navigation, engine management, and cargo handling. The automation…
The U.S. shipping industry is undergoing notable shifts in trade dynamics, particularly between the East Coast and West Coast ports, driven by labor concerns and market pressures. Labour Disruptions Prompt a Shift The looming threat of a dockworker strike at U.S. East Coast and Gulf Coast ports has caused significant rerouting of shipping volumes to…
In September 2024, the Eco Umande, a green methanol-powered ship, made its inaugural port visit to Klaipėda, Lithuania. This marks a significant milestone in the global shift towards sustainable shipping. The Eco Umande is part of a broader initiative to decarbonise the maritime industry by adopting cleaner fuels like green methanol, which emits significantly lower levels of carbon…
Part load shipping, also known as Less Than Container Load (LCL) for sea freight or Less Than Truckload (LTL) for road freight, is a cost-effective solution for businesses that do not require a full container or truck for their shipments. This guide will walk you through the essentials of part load shipping for export and…
Turkey is situated at the crossroads of Europe and Asia, making it a natural bridge between the two continents. This strategic location allows access to markets in both Europe and Asia, making it an ideal hub for trade. It has a population of over 82 million people, making it one of the largest markets in…
From 1 January 2021, the UK will apply a UK-specific tariff to imported goods. This UK Global Tariff (UKGT) will replace the EU’s Common External Tariff, which applies until 31 December 2020. The new tariff is tailored to the needs of the UK economy. It will support the economy by making it easier and cheaper…
Japanese merged carrier Ocean Network Express (ONE) recorded a net loss of $586m in its first year of operation, however it said it expected to move into the black in its second year. ONE, formed from the container businesses of K Line, MOL and NYK,was supposed to produce synergistic returns for its parents. Instead it has dragged down the P&L…
The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 8.0% in January 2018 compared to the year-earlier period. This was up from the 5.8% annual growth recorded in December 2017. Freight capacity, measured in available freight tonne kilometers (AFTKs), rose by…
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