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Five industries representing more than 50% of global emissions need stronger international collaboration to deliver reductions in line with the Paris Agreement, according to the first report from a new group aiming to reshape major charter markets and accelerate development of green fuels and technologies.
In the latest Leadership Insights webinar, held jointly by the Asian Shipowners’ Association and the International Chamber of Shipping, leaders in shipping from across the Asia Pacific regions came together to discuss outcomes of the Shaping the Future of Shipping summit, and next steps for the shipping industry’s green energy transition.
Given shipping’s unavoidable mandate to meet fast approaching green targets, many would expect rising innovation and investment in new technologies. However, according to the International Energy Agency, maritime’s research and development spending between 2007-2019 has remained stagnant, lagging far behind other sectors. In contrast to the automotive sector, where spending on R&D increased from 67 billion USD in 2009 to 130 billion USD in 2019, maritime spent just 1.6 billion USD.
ICS discusses growing concern among shipowners that high CII ratings requirements may create demand for less efficient vessels on challenging routes.
A new paper from researchers at UCB states that the engines of 40% of global sea traffic could be cost-effectively replaced with batteries by 2030. ICS talks to several industry experts to discuss that claim.
ICS reports on the growing challenges and opportunities for shipping within the context of a recent surge in ESG funding and investment
With planned strikes around the world and recent strike at Felixstowe port, ICS takes a look at the potential effects on maritime businesses.
With an unprecedented shortage of skilled workers entering into shipping, ICS discusses what concrete steps can be taken to improve the 'brain drain' in maritime.
The Ukraine Grain Corridor, having been opened two months ago by UN treaty, has had an immediate positive effect on food prices. Measures still need to be taken to promote security, says the ICS.
The challenges posed by to maritime logistics by global health issues, conflict and extreme weather are addressed in UNCTAD’s new toolset.