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...]
Shipping Industry Expresses Concern Over Recent Trade Developments
The international shipping industry, as represented by multiple major shippowners' associations, is concerned over recent trade developments, particularly increases in protectionist measures which add a significant burden and cost to the free movement of goods. The concerns were expressed by a delegation made of up representatives from the International Chamber of Shipping … [Read more...]
China Ranks as Top Maritime Nation in the World, Report Says
China is the world's top shipping nation, followed by United States and Japan in the second and third spots, respectively, according to a new report released this week DNV GL and Menon Economics. The report, titled “The Leading Maritime Nations of the World”, was presented at the SMM trade fair in Hamburg, Germany. The study benchmarks the 30 leading maritime nations … [Read more...]
Greek Shipowners Say EU Tax Pressure Could Make Brexit ‘Not a Bad Thing’
ATHENS, June 8 (Reuters) - Greek shipowners could relocate to Britain after it leaves the European Union if European regulators demand changes to favourable shipping taxes in Greece, a top industry official said on Friday. The European Union has been pressing Greece to end generous tax allowances it grants shipowners, although the government has steered away from imposing … [Read more...]
All Aboard for Hedge Funds as Trade Tide Lifts Shipping
By Jonathan Saul and Maiya Keidan LONDON, Feb 19 (Reuters) - Forced to abandon ship after mistiming their investments five years ago, hedge funds are venturing back in a bid to profit from growing global trade flows. Around 90 percent of traded goods by volume are transported by sea and global shipping sectors, including dry bulk, are on course for a recovery this year … [Read more...]