By Firat Kayakiran (Bloomberg) --The global shipping industry is about to undergo one of the biggest changes in its recent history with concerns lingering about just how safe the shift is going to be. Starting in January, vessels the world over will have to drastically reduce sulfur content in their fuel to comply with rules set out by the International Maritime Organization … [Read more...]
Port of Southampton Enters Into UK’s First ‘Port Economic Partnership’
The UK government and the Port of Southampton have teamed up to launched the UK's first Port Economic Partnership (PEP), a way of creating stronger links between ports and government in order to long-term trade and economic growth. For the partnership, the UK Department for Transport (DfT) will work with ABP's Port of Southampton to focus on leveraging public and private … [Read more...]
Shipping’s Carbon-Neutral Dream Seen Drifting Further Away
By Anna Shiryaevskaya (Bloomberg) --Big ocean-going ships are not moving fast enough towards energy transition, contributing to rising emissions of carbon dioxide for the entire fleet and undermining efforts to make the industry carbon-neutral by the end of the century. While smaller boats are making first steps to apply batteries and hydrogen, deep-sea trade, which involves … [Read more...]