Tag: global shipping

December 1, 2023

The Chief Executive Officers (CEOs) of major global shipping lines have issued a joint declaration at COP 28 calling for an end date for fossil-only powered newbuilds and urging the International Maritime Organization (IMO) to create the regulatory conditions to […]

November 4, 2022

The impact of the COVID-19 pandemic followed by supply chain disruptions around the world has sparked a resurgence of companies bringing sourcing and manufacturing back to the United States or closer to U.S. shores. While the pandemic continues to be […]

June 30, 2022

Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, yesterday reported a net loss from continuing and discontinued operations of $2.1 million and net loss from continuing and discontinued operations attributable to common stockholders of […]

October 13, 2021

Renewable fuels should contribute at least 70% of the sector’s energy mix in 2050, IRENA’s “A pathway to decarbonise the shipping sector by 2050“ shows, outlining a roadmap for the global shipping sector in line with the global 1.5°C climate […]

December 18, 2018

Emerging and developing countries could be the source of economic growth that would spur shipping demand in the next five years, BIMCO said citing the International Monetary Fund (IMF). Additionally, data from the IMF showed that advanced economies’ growth is […]

September 17, 2018

A surge in global shipping volume is adding urgency to ­efforts to increase the efficiency of cargo handling at seaports and inland waterways. At the ports of Los Angeles and Long Beach in Southern California, GE Transportation is expanding a […]

March 22, 2018

A potential trade war, which could emerge on the back of US’ recently unveiled tariffs on imported steel and aluminum, would be harmful for the global shipping industry, according to BIMCO. Although the impact of US steel and aluminium tariffs, […]

December 5, 2017

The outlook for the global shipping industry remains negative, according to Fitch Ratings, as the rating agency doesn’t expect a material improvement in market fundamentals in 2018 due to lingering overcapacity. As explained, both container and bulk markets show signs […]

November 3, 2017

The World Wind Energy Association (WWEA) and the International Windship Association (IWSA) have joined forces to further promote the uptake of wind technology by the global shipping fleet. As part of the partnership, the associations will facilitate an exchange of […]