Tag: Impact
GSBN study on digitalisation’s impact on shipping’s decarbonisation calls for accelerated adoption and greater interoperability
Global Shipping Business Network (GSBN), a neutral, not-for-profit consortium enabling paperless, accessible and sustainable growth in global trade with its data infrastructure and ecosystem of partners, has published a new study highlighting the potential for significant carbon reductions through the adoption of digital processes in the shipping sector. GSBN commissioned Sia Partners, a global consultancy,…
To cut the impact of shipping’s emissions on air pollution, climate, biodiversity and human health, the UK Government must extend the Emissions Control Area (ECA)
Yesterday, Opportunity Green, an environmental NGO working to advance a just and equitable decarbonisation of the shipping sector – along with Transport & Environment, Green Alliance, the Nature and Biodiversity Conservation Union (NABU), Fundación Ecología y Desarrollo ECODES, ZERO, and the Clean Arctic Alliance – delivered an open letter to the UK Government, including: the…
Syngenta to Reduce Carbon Impact of Ocean Shipping with Maersk’s ECO Delivery
Syngenta Crop Protection, a leader in agricultural innovation, is to reduce its greenhouse gas (GHG) emissions from its logistics operations by using Maersk’s ECO Delivery solution for its ocean shipments. This follows the finalization of an agreement for the transport of containers using biofuel for a Europe-US shipping route in 2024. Maersk’s ECO Delivery solution…
EU ETS impact on EU MRV reporting
Ships of 5,000 gross tonnage and above, carrying out voyages to and/or from ports in the European Economic Area, must submit a revised and verified monitoring plan for carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O) emissions to the administering authority by 1 April 2024. Since 1 January 2018, large ships of 5,000 gross…
Dry Bulk Market: Evolving Market Conditions Impact the Capesize Segment
Capesizes This week the cape market has been marked by varying levels of activity and changing sentiments. At the beginning of the week, the Pacific market showed promise for owners, with support from East Coast Australia coal cargo contributing to a positive outlook and two major players driving momentum, from West Australia to China, resulting…
Panama drought and its impact on bulk shipping
The Panama Canal, a key player in global shipping, faces a dire crisis due to an unprecedented drought, casting shadows over trade dynamics and supply chains. The Panama Canal, an 80-kilometre-long, man-made waterway connecting the Atlantic with Pacific Ocean, is experiencing a severe drought with water levels at record lows not seen since 2016. The…
NYK Participates in Environmental Initiative to Reduce Methane Emissions Aiming to Reduce the Environmental Impact of LNG-Fueled Vessels Further
In September, NYK participated as a key partner in the Methane Abatement in Maritime Innovation Initiative (“MAMII”), an initiative to reduce methane emissions in the maritime industry. MAMII is led by Safetytech Accelerator, a non-profit organization established by Lloyd’s Register Group. Since MAMII’s establishment in September 2022, 16 companies and organizations, including NYK, have participated.In…
Dry Bulk Market: Russia’s Exit from the UN Black Sea Grain Initiative Will Have an Impact on Market
The dry bulk market will be effected by Russia’s exit from the UN Black Sea Grain Initiative. In its latest weekly report, shipbroker Xclusiv said that “earlier this week Russia stepped back from the UN Black Sea Grain Initiative. Moscow announced that it will no longer guarantee the safety of ships exporting grain from Ukraine…
