October Holds Potential to Dramatically Reshape Future of Ocean Shipping
The shipping industry is poised at a critical crossroads, and no matter what decisions emerge in October, they will dramatically reshape the future of the industry. Not only is the International Maritime Organization (IMO) seeking member adoption of its decarbonization framework, but the United States is poised to take a series of actions to support […]
Maritime’s Green Transition Reaches Tipping Point as Fleet Readiness Outpaces Fuel Supply
The maritime industry is entering a critical new phase in its energy transition, with fleet readiness for alternative fuels surging ahead of actual supply infrastructure, according to DNV’s latest Maritime Forecast to 2050 report.
IMO Blasts Renewed Houthi Attacks on International Shipping in the Red Sea
IMO Secretary-General Mr. Arsenio Dominguez has expressed concern over renewed attacks on international shipping in the Red Sea region and has called for “constructive dialogue” for resolving ongoing geopolitical crises.
IMO Prepares to Finalize Decarbonization Framework That Could Reshape Global Shipping
The International Maritime Organization (IMO) is preparing to finalize crucial greenhouse gas (GHG) reduction measures at its upcoming Marine Environment Protection Committee meeting (MEPC 83) in London.
Proposal for IMO-Controlled Shipping Decarbonization Fund Gains Traction
Some 47 governments and industry groups are lobbying the International Maritime Organization (IMO) to implement an emissions pricing mechanism for greenhouse gases (GHG) to raise a fund to decarbonize shipping.
The ‘Mother of All BAFs’ May Loom for Shippers as Green Targets Advance
Shippers are concerned that maritime discussions on decarbonization are shaping up to result in “the mother of all BAFs” for shippers, as carriers will seek to pass on the costs of using sustainable fuels.