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Few doubt digital technology will change the industry, but there are more pragmatic questions now being asked by company boards looking at shipping’s woeful track record in yielding a return on invested capital. The latest Lloyd’s List live event gathers industry leaders to discuss a more hard-headed approach to the digital revolution
IMO data for 2019 shows that the bigger ships in the global fleet emitted more than 600m tonnes of CO2. Containers, bulkers and tankers made up the vast majority of both global emissions and voyages
Maritime stakeholders lobby the European Commission to promote the growth of green hydrogen and ammonia for shipping use
In a 44-page report accompanying his letter, the inspector general said the Justice Department’s criminal and public integrity divisions each declined to take up the matter in the closing weeks of the Trump administration
BIMCO joins calls to balance the cost of low- or zero-carbon fuels through market-based measures, saying first movers on decarbonisation would face significant disadvantages while fossil fuels are still much cheaper
After a decade of challenging markets, extra capital needed to invest in new ships or new technologies was limited and sharing the costs would help, attendees of virtual event told
BIMCO deputy secretary-general Lars Robert Pedersen says proposed regulatory changes could increase CO2 emissions, as they rely on an efficiency measure that rewards emptier ships
Global trade efficiency relies on it, shipping’s decarbonisation transition demands it and both financial and security regulators are monitoring it — the maritime sector’s future is focused on issues of transparency at every level
Releasing tonnage once US sanctions on Iran’s oil and shipping sector are lifted will weigh on an already oversupplied market
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