On Sunday, the UN Intergovernmental Panel on Climate Change (IPCC) released a new estimate of the likely effects of anthropogenic carbon emissions in the medium term, with unpleasant conclusions.
With renewed American sanctions on Iran's energy sector set to take effect in November, the Trump administration has called on its allies in Saudi Arabia to boost output and keep oil prices under control.
Hapag-Lloyd is the latest major container line to announce a fuel charge to cover the costs of using compliant low sulphur fuel for the 2020 sulphur cap.
International Container Terminal Services Inc (ICTSI) is expanding its flagship Manila International Container Terminal (MICT) in the Philippines capital.
Hapag-Lloyd is to convert one of the LNG-ready containerships it acquired in the UASC merger, and fit scrubbers on two vessels as it analyses options apart from low sulphur fuel for complying with the IMO's 2020 sulphur cap.
The DPD scheme that was introduced as a panacea to cut cargo dwell time and costs is set to be dumped, with the government working on a plan to restore the role of container freight stations in the evacuation system
Compliance with the International Maritime Organization’s global sulfur limit for marine fuels will likely settle around 90% in the initial years after 2020 as most shipowners switch to 0.5% sulfur bunker fuels to meet the rule
Clean Medium Range tanker freight rates have rallied this week as gasoline traders scramble to ship gasoline out of Northwest Europe, where a significant build in stocks has pressured gasoline prices.
