Methanol has been considered as a potential clean fuel for the shipping industry due to its lower emissions compared to traditional marine fuels. It is a type of alcohol with the chemical formula CH3OH and can be produced from a variety of sources, including natural gas, biomass, and carbon dioxide (CO2) captured from industrial processes.…
While the EU is one of the UK’s closest partners and has a large consumer market, exporting to EU countries in recent years have presented a number of unique challenges. We’ve tried to outline some of these that UK exporters will encounter in the following article. Customs and Import Regulations: While every country has its…
The Transpacific Maritime (TPM) conference is a prominent annual event that brings together industry experts, executives, and stakeholders in the maritime and logistics sectors. The conference is typically held in Long Beach, California, which is home to one of the busiest ports in the world. One of the key themes that has emerged in recent…
Container shipping has long been one of the most important industries in the global economy, facilitating the movement of goods across continents and connecting businesses around the world. Over the years, the industry has undergone significant changes, with new technologies and processes transforming the way shipping companies operate. One such change is the move towards…
January 24, 2023 /
They have published a new document discussing why the concentration in the origins of traded products is widespread, prompting questions about whether to diversify or decouple. This in turn means that trade patterns are expected to change, as recent economic and geo-political shocks have exposed weaknesses in supply chains. Their main points are: No region…
From November 2022 new frameworks have come in which require ships to improve their energy efficiency in the short term, reducing their greenhouse gas emissions in the longer term and lowering their carbon intensity. From 1 January 2023 it will be mandatory for all ships to calculate their attained Energy Efficiency Existing Ship Index (EEXI)…
The replacement for CHIEF has already experienced delays in the switchover, and was expected to finally come into force in January, however this has now been pushed back to November to allow for more testing. It could also mean that in reality it could be at least into 2024. There have been reports of multiple…
BCOs and forwarders can now negotiate collectively to buy zero emission scalable fuels, following the launch of a scheme at Cop (ZEMBA), within the ‘Roadmap to 2040’ for Zero Emission Vessels (coZEV). The ‘Roadmap’ presents new action areas for cargo owners seeking to accelerate deployment of zero emission shipping, engage in maritime decarbonization policy, and…
The pressure is on for the maritime industry to decarbonise. To help navigate these complex challenges, DNV has gathered up-to-date information to help turn uncertainty into confidence. They have published their Maritime Forecast to 2050 which outlines their findings, some of which are detailed below: Newbuild vessels are increasingly being ordered ready to run on…
Workers at Britain's biggest container port will stage a second eight-day strike over pay. Fresh strikes are planned from September 27th - October 5th after port workers voted by an 82% majority to reject a 7% pay offer. Felixstowe handles almost half the container freight that enters the UK, with about 17 different shipping lines…