The global marine fuels sector is in the midst of a transformation as it aims to decarbonize by 2050. Wood Mackenzie highlights the increasing importance of alternative fuels like LNG, ammonia, and biofuels as the shipping industry works to meet carbon reduction targets. Regulatory pressure, particularly from the International Maritime Organization (IMO), is driving the […]
How Marine Fuels Will Change by 2050 Read More »
The container ship fleet is witnessing a rapid increase in capacity, demonstrating a surge in fleet capacity that has not been witnessed in the last decade. The first half of 2024 saw a record-breaking delivery of new vessels straight from shipyards, with 264 ships totaling a capacity of 1.6 million TEU being delivered—a two-thirds increase
Container Ship Fleet Expands Rapidly: 2024’s Surge and Future Trends Read More »
The marine industry is continually evolving, and staying informed about the latest regulations is crucial. ISO has published the latest version of the bunker fuel specification, ISO 8217:2024. This signifies that ISO 8217:2017 is now withdrawn, which was the last specification published by ISO back in 2017. The new document sets updated standards for marine
A recent survey by Reed Smith reveals that transport professionals believe it will take over 15 years to achieve 100% sustainable fuels, with fossil LNG expected to serve as a transitional fuel for the next three to five years. The survey, involving up to 50 respondents, highlighted cost, sustainable energy, and inadequate infrastructure as major
Sustainable Fuels Unlikely Before 2040, Say Transport Specialists Read More »
A recent study conducted by Chalmers University of Technology in Sweden indicates that emissions from scrubber discharge into the Baltic Sea have resulted in pollution-related expenses exceeding $732 million) between 2014 and 2022. The research reveals that most shipping companies have already recovered their investments in scrubber technology, which allows exhaust gases to be cleaned
Shipping Industry Earning Billions Utilizing Scrubbers to Run On Heavy Fuel Oil Read More »
The Red Sea shipping crisis has rekindled inflation concerns due to supply chain disruptions and increasing freight costs. Over 30% of global trade transits through the Suez Canal, making the Red Sea shipping crisis a serious point of contention in the global shipping market. The Red Sea shipping crisis, spurred by Houthi rebel assaults on
Unraveling the Effects of the Red Sea Shipping Crisis Read More »
Clarksons Research unveiled its latest Green Technology Tracker, a comprehensive report that outlines the advancements in adoption of alternative fuels and investments in energy-efficient technologies within the worldwide shipping fleet. Steve Gordon, Global Head of Clarksons Research, remarked on the significance of 2023 in the shipping industry’s journey towards decarbonization, noting the implementation of new
45% of All 2023 Newbuild Orders are Alternative Fuel Capable Read More »
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