In the absence of global regulations to force the industry to clean up, governments and companies hope voluntary green corridors can help test zero-carbon technologies. Yet there are limits to what can be done without a carbon levy or worldwide rules
Shippers’ intention to renegotiate contracts and heaped cost pressure are pushing shipping lines to trim capacity and stabilise spot rates
New vessel type could be needed to carry electric vehicles | Now is not the time for shipping to be hiding behind closed doors | The Lloyd’s List Podcast: Emanuele Grimaldi sets out his stall
Shipping businesses that find the right balance of advanced technology and progressive staff recruitment, training and retention will be rewarded with success
In this Expert Focus video, produced as part of Lloyd’s List’s Future of Shipping programme, OrbitMI chief executive officer Ali Riaz explains how the future of shipping is digital and why leadership is critical to building a digital future
India has become the fastest growing society in the world this quarter after taking in Sovcomflot tonnage, but is now seeking to distance itself from Russia on the basis that the vessels were quickly re-flagged and registered elsewhere in the aftermath of sanctions
Tanjung Pelepas is deploying the the MarineM system, from Singapore’s Innovez One
US president claims to be ‘viscerally angry’ about the container linesthat he blames for inflation, soaring freight rates, supply chain congestion and much in between. The political theatre of the Ocean Shipping Reform Act was on show in the US this week, but to help explain what it really means for shipping this week’s Lloyd’s List Podcast features two people who really know what’s going on: Federal Maritime Commissioner chairman Daniel Maffei and World Shipping Council chief executive John Butler
Special Report: Decarbonisation
Fuel options are slim and future regulations uncertain as shipping maps its course to decarbonisation, leaving companies with few good choices. Collaboration, efficiency and flexibility will be vital, but shipping has its work cut out to become carbon-free come 2050.
Click here to view the full report
As part of our Future of Shipping programme industry leaders and sector experts map the path to a sustainable and profitable future.
‘The shipping industry itself has set itself a pretty mealy-mouthed target of 5% by 2030. I think that 15% is a respectable target. By 2030 we shouldn’t have any engines which are not dual-fuel capable so that by 2040, we’ve got a shipping industry which can go carbon neutral.’
‘We are at an inflection point. First mover activities are going to inform and inspire the rest of the industry. They need to be enabled and supported, meaning that individual governments need to engage in this process and make sure that we have regulation in place that supports it in the interim until we get global regulation in place.’
‘We need to get closer to our customers and co-operate on making this industry more efficient. Because there’s so much waste. The moment you put a value on carbon and decreasing the carbon footprint, I think that people have a tendency to be more friendly, open to discuss and see how they can co-operate together.’
‘There are some tough decisions to be made, but I think the reality is the old business models that we had are not going to survive this and I think that a lot of companies will have to figure out how they actually deal with this. So, I really want to see that happening between us and our clients and I believe that that will mean a dramatic change of the contractual relationship that exists between the two of us.’
The Shipping Podcast
The skills landscape is changing. Traditional ways of bringing seafarers into the office, while good in keeping in touch with the sea, will not meet the needs of a digitally-enabled, purpose-driven business
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