The maritime industry is at a pivotal moment in its decarbonisation journey. Over the past decade, the sector has transitioned from focusing solely on air pollutants like sulphur oxides to adopting comprehensive strategies for reducing ..
Although LNG is advancing more rapidly than other alternative fuels and approaching a mature stage, experts emphasize that substantial investment is still required to achieve full decarbonization. According to SEA-LNG, a London-based..
Within the energy industry, some express worry that the goal of limiting temperature rise by 1.5 degrees celsius may in turn, come as uncomfortable for many owners of carriers and tankers. Rystad Energy, an agency that specializes in..
The maritime industry's push toward decarbonisation brings an unexpected benefit: the reduction of underwater radiated noise (URN). While the sector focuses intensively on emissions reduction and fuel efficiency, these same measures..
The Chinese shipbuilding industry is undergoing rapid growth due to high demand for new vessels and increasing global shipping needs. Major shipyards are heavily investing in expanding their production capabilities to build various vess..
New LNG carrier orders are expected to rise every year by the middle of 2030 against a backdrop of firm demands for newbuilds, and the current high price of vessels is likely not to decrease easily, an industry expert forecasts. Over..
Some experts voice their opinions of worry on whether more stringent environmental measures would be put in place by the IMO, as the shipping companies are going full throttle in expanding their orderbooks for boxships. Containership..
Decarbonisation of shipping is slowing, resulting in a growing gap between policymakers’ expectations and what the industry can deliver. Knut Orbeck-Nilssen from DNV said, ship scrapping rates are the first indicator. Despite h..
Given as much as 90% of international trade is transported across oceans, maritime safety is critical. Thirty years ago, the global shipping fleet lost around 200 large vessels a year. This total fell to a record low of 26 in 2023, a de..
Recent developments suggest a substantial increase in container ship orders among global shipbuilders. In May, the industry anticipated orders for over 50 container ships, surpassing $7.5bn in value, over the coming months. A month l..
Month News