Fuel oil demand defies forecasts due to Red Sea disruptions and shadow fleet expansion

Fuel oil used in ships and power plants is seeing unexpected demand, with efforts to curb its use more than offset by an expanding shadow fleet of oil tankers serving Russia and others, and longer shipping routes as vessels avoid the Red Sea. Instead of switching to cleaner-burning alternatives such as marine gasoil and low-sulphur …

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Legal issues and regulatory developments

This chapter provides an overview of important international legal issues and regulatory developments affecting maritime transport and trade. Part A focuses on recent IMO developments to reduce greenhouse gas emissions from ships, notably, the agreement on draft midterm measures in line with the 2023 IMO strategy on greenhouse gas emissions. Part B explores international regulatory …

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A digital sea change

The push for digitalisation in shipping is less a gentle tide and more a high-stakes race against obsolescence, according to speakers gathered at London International Shipping Week (LISW). Two panels focused on the twin challenges of integrating advanced technology into a deeply fragmented industry while simultaneously battling existential threats ranging from data silos to hostile …

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