Tag: risks
Ammonia attracts the shipping industry, but researchers warn of its risks
Switching to ammonia as a marine fuel, with the goal of decarbonisation, can instead create entirely new problems. This is shown in a study from Chalmers University of Technology in Sweden, where researchers carried out life cycle analyses for batteries and for three electrofuels including ammonia. Eutrophication and acidification are some of the environmental problems…
Carbon carriage: Risks and opportunities
Carbon capture and storage (CCS) is a long-established technology but its profile has grown as a potentially significant solution to achieve rapid decarbonisation. What are the associated risks and opportunities for the shipping industry? Traditionally, CCS has most often been used for the enhanced recovery of oil from depleted reservoirs. More recently, its profile has…
Trading places: shipping must manage new financial risks with transition to EU ETS, says OceanScore
The concept of trading is about to take on a whole new meaning for shipping companies with implementation of the EU Emissions Trading System (EU ETS) for maritime from next year. As well as monitoring their emissions to meet reporting requirements, companies must now grapple with the complexities of carbon credit trading to manage and…
Canada-India row: Navigating the downside risks to dry bulk?
The impact on dry bulk shipping demand is likely to be minimal as the bilateral relations between Canada and India crumbled to an all-time low. The political row between Canada and India escalated last week, with both countries taking diplomatic actions to take a stance. The trade talks between the two countries have already been…
“The repercussions of the Ukraine-Russia conflict on the Shipping companies earnings and War risks insurance”
The prolonged war between Ukraine and Russia has notably impacted the shipping industry with substantial disruptions in maritime trade routes, leading to an alteration in shipping patterns and fluctuations in shipping companies’ earnings. Black Sea and its strategic importance The Black Sea is of considerable significance in international trade, serving as a crucial waterway for…
Dry bulk trade volumes positive but prospects hold downside risks says MSI
The unwinding of supply chain inefficiencies and rising vessel orders are set to dampen positive deadweight demand in the dry bulk market according to Maritime Strategies International. COVID-related supply chain inefficiencies and associated port congestion have almost fully unwound and while the MSI outlook on the prospects for trade volumes this year is considered positive,…
“Navigating Uncertainty: The Importance of Marine War Risks Insurance
The maritime industry is no stranger to risks and uncertainties. From marine accidents due to human error and natural disasters, to geopolitical conflicts, the challenges faced by shipowners, operators, and cargo owners are diverse and complex. One crucial aspect of risk management in this arena is the War Risks insurance policies. As conflicts and tensions…
From starboard surprises to portside perils: Inherent risks in the shipping industry
90% of world trade – from bulk raw commodities to breakbulk and finished goods – is moved on approximately 60,000 trading ships, crewed by about 1.5 million seafarers. To most traders, the potential risks associated with any one of these vessels is an unknown. How can you ensure that the ships you’re evaluating for supply…
