Yearly Archives: 2024
EU Proposes Ambitious Climate Targets For Shipping, Prioritizing Low-Carbon Fuels
As the European Commission plans to revise climate targets, a proposal outlines a 90% greenhouse gas emissions reduction target for shipping by 2040,...
Baltic Capesize Index Rebounds, Red Sea Crisis Affects Grain Shipments
The Baltic Capesize Index sees a rebound, surpassing 2,000 points in the second week of February, while concerns arise over declining demand growth.
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Despite Economic Worries, More Containers Flow From China To US
China's container freight to the United States reaches the highest volume since May 2022, defying economic concerns.
The surge, driven by pre-Chinese New...
A.P. Moller – Maersk Delivers Solid 2023 Financial Results In A Difficult Environment
A.P. Moller - Maersk achieved its 2023 financial guidance with underlying EBITDA of USD 9.8bn. Despite significant oversupply challenges and increased uncertainty, the...
A New Middle East Land Corridor Tested As Alternative To Red Sea Shipping Routes
The 'Land Connectivity by Trucks' project, a U.S.-backed initiative launched as a result of the 2020 Abraham Accords, is being tested as an...
Wind Power Resurfaces In Cargo Shipping With Recycled Plastic
The cargo shipping industry is exploring sustainable alternatives, with wind power gaining traction through innovative sails.
Firms like Norsepower are implementing rigid sails,...
Panama Canal Does Not Plan Transit Restrictions Until April
The Panama Canal officials have stated that there are no immediate plans for further vessel transit restrictions until at least April.
An assessment...
Swiss Re Report Captures The Extent Of Global Shipping Disruption
Insurer Swiss Re has come up with a chart to highlight the dramatic changes to the world seaborne map in recent years.
The...
New Study Differentiates Long-COVID And Other Post-Viral Infections
Researchers reviewed the symptoms, illness duration, long-term clinical traits, and possible healthcare burden of post-viral conditions in children and adolescents under 20 years.
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Lessons Learned: Crew Suffer Fatal Injuries
The Bahamas Maritime Authority (BMA) has published a marine investigation report to draw lessons learned from two fatal injuries.
Recommendations: Conduct a full...