Baku port seizes opportunity to expand container operations
Baku port has ambitious plans to create a transhipment hub to handle cargo previously routed through Russia, with work to expand its container operations to 500,000 TEU scheduled for 2024.
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Supply chain and turbine operation challenges pose threat to renewable fuel generation
The wind required by shipping to produce its renewable fuels could be hampered after a new report revealed that supply chain issues and turbine operations were major challenges to wind production.
Oman positioning as global green fuel hub
As Oman ramps up production of green hydrogen, ammonia and methanol in pursuit of lofty production targets, the Sultanate is eyeing bunkering as an offtaker for its green fuels.
Vessel orders could outpace green methanol supply
One of the world’s leading methanol suppliers has highlighted a gap between expected production of green methanol, derived from renewable hydrogen and captured carbon, and the number of ships expected to be delivered with capability to use the carbon-neutral fuel.
Foreign and national investor interests must align to unlock decarbonisation dividend for LDCs
Least Developed Countries (LDCs) will only be able to reap their vast potential to become knowledge-based manufacturing hubs for the green transition with a major realignment of national and international investor interests, according to Rebecca Grynspan, Secretary General of the United Nations Conference on Trade and Development (UNCTAD).
Renewables infrastructure ingredients face shortfall
Supply of core components for renewable energy projects could become a major obstacle to the global energy transition and the availability of green fuels for shipping, according to recent analyses.
End of block exemption regulation: vessel sharing agreements can continue but ‘uncertainty’ remains for liners
The European Commission's (EC) decision to end the Consortia Block Exemption Regulation (CBER) for shipping in April 2024 will not put an end to Vessel Sharing Agreements (VSAs) but industry figures raise uncertainties over costs and administrative complications, which could reshape how VSAs are undertaken.
Maritime transport to return to growth in 2023
UNCTAD’s latest Review of Maritime Transport predicted a 2.4% growth in maritime trade volume in 2023, recovering from a 0.4% contraction in 2022.
Uncertainty for North Sea energy island construction
Denmark’s planned creation of an artificial island around 100 km off its coast, which will be surrounded by 10 offshore wind farms, has hit a stumbling block after forecast construction costs significantly exceeded the Danish Government political threshold for profitability.
Friend-shoring supports ocean volumes
Demand for shipping is benefiting from a global trend in international relations where nations increase trade with allies, a shift known as friend-shoring.