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Latest intersessional IMO meeting provides important clues on what might be agreed in the revised GHG strategy in July 2023

Much of the specifics remain up in the air as IMO’s ISWG-GHG 14 meeting outcome leaves open a broad range of options for key elements of the revision of the GHG reduction strategy at ISWG GHG 14. The fourteenth Intersessional Working Group on Greenhouse Gases (ISWG GHG 14) is the penultimate working group meeting that …

Latest intersessional IMO meeting provides important clues on what might be agreed in the revised GHG strategy in July 2023 Read More »

Tankers: VLCC Market Softer This Week, While Volatility is the Norm in the Product Tanker Markets

Clean The BCTI finished the week at 1,191, up from 1,077 the previous week. Rates for MRs in the US have continued their recent roller-coaster ride. Starting off at WS109.17 for TC14 38,000 US Gulf / UK-Continent, they reached a peak around WS150 before losing most of the gains to settle at WS116.67 at the …

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MTC autoriza servicio de cabotaje marítimo durante vigencia de declaración de emergencia en Perú

La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …

MTC autoriza servicio de cabotaje marítimo durante vigencia de declaración de emergencia en Perú Read More »

Puerto de Santos movilizó 10,9 millones de toneladas en febrero

La política que en el presente documento se indica, tiene por objeto informar a los usuarios de MundoMaritimo sobre el proceder de nuestra empresa respecto del tratamiento de los datos de carácter personal recogidos a través de nuestros portales. 1 | Recolección: Cuando Usted requiere los servicios de MundoMaritimo, se recoge información personal como su …

Puerto de Santos movilizó 10,9 millones de toneladas en febrero Read More »

Bearish container shipping demand hits container prices and leasing rates across Europe

Excess containers stranded across Europe are causing congestion bottlenecks and space shortages at ports, warehouses, and storage yards, according to the March edition of the Europe Container Market Forecaster, published by Container xChange. The online logistics company estimates that container overcapacity currently amounts to between three and five million TEUs (Twenty-foot Equivalent Unit). As well …

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2030 And 2040 Climate Action Shipping Hangs In The Balance At The UN, Following A Week Of Talks

Countries must keep the pressure on the UN to commit to reducing emissions from global shipping before 2030, in the run up to a crucial climate summit at the International Maritime Organization (IMO) in July. This is the only way shipping can achieve the UN’s own goal of limiting global temperature rise to 1.5°C. At …

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FuelEU Maritime: a step forward towards shipping’s energy transition

Following months of intense discussions, negotiations on the FuelEU Maritime Regulation came to a close earlier this morning. European shipowners welcome the climate ambition of the new Regulation and consider it as an essential stepping stone towards establishing the right conditions for the energy transition of shipping. The agreement gives a strong political signal and …

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Navigating shipping’s ‘confusing’ and ‘ambiguous’ decarbonization

Navigating the complex world of decarbonisation in the shipping industry can be a daunting task, according to Martin Crawford-Brunt, emissions lead for the Baltic Exchange. “If there’s two words that sum up decarbonisation in maritime at the moment, it’s probably confusion and ambiguity,” he said. Crawford-Blunt was speaking as moderator of a panel at the …

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