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As military tensions between the United States and Iran rise, global shipping companies that must pass through the Strait of Hormuz are taking collateral damage. They are facing disruptions to operations due to the possibility that Iran could blockade the strait, and their expense burdens, including insurance premiums, are also increasing. According to foreign media …

IRGC jamming roils Hormuz shipping, drives costs and risks worldwide Read More »

Hapag-Lloyd and DSV have signed a two-year Ship Green framework agreement for the purchase of Scope 3 greenhouse gas (GHG) emission reductions. The reductions will be generated through the use of sustainable marine fuels within Hapag-Lloyd’s fleet. The expansion of the partnership comes on the back of an already successful cooperation between DSV and Hapag-Lloyd …

Hapag-Lloyd and DSV expand decarbonization partnership with 18,000 tonnes CO₂e agreement Read More »

The expansion of the UK ETS into the shipping sector provides a significant opportunity to drive investment in UK green shipping technology. Key Stats • Today, the shipping industry pays no tax on the fuel it uses or its emissions. In comparison, road users paid £25 billion in the 2024/25 financial year in fuel duty …

UK ETS: A crucial policy for the shipping sector Read More »