Meeting 2030 emissions targets will be easy compared to the following 20-year period when shipping is aiming to reach net zero emissions targets, which will require a sea change in the way maritime business is done.
Cairo-based shipowner United Marine Egypt (UME) is expanding in the bulk cargo market with an order at China’s New Dayang Shipbuilding for two bulkers.
Fast growing container line SeaLead has shifted senior executive Ashok Pillay into a new role as Managing Director for North and Southeast Asia as it looks to expand in the region.
Namibia, a potentially energy-rich West African country, could stimulate new crude oil trades for tankers including VLCCs and Suezmax vessels by the end of this decade.