The global shipping market still has “a way to go” before it can claim a well-grounded recovery even though supply growth is in check and trade growth is positive, according to a half-year report by Clarksons Research.
Shipping is forecast to see a shift toward greater use of non-fossil fuel energy for propulsion by 2050 under influence from environmental concerns and the reality of climate change.
The shipping industry should be confident about near term prospect on the back of a positive macro environment, but the medium to long term future may present some concerns, according to Andreas Sohmen-Pao, chairman of BW Group and chairman of the Singapore Maritime Foundation (SMF).
The 10th annual Maritime Employee Survey has revealed decreasing confidence in shipping industry job security as volatile market conditions continue to challenge the sector.
In hopes of raising wider public awareness on the crucial role of modern day shipping, IMO secretary-general Lim Ki-tack steered away from his usual regulation talks for a moment and instead highlighted the importance of maritime heritage for the ultimate goal of securing a sustainable future.
Last year proved to be "challenging but positive" and "cautious optimism" seems to sum up the feeling in the industry when it comes to 2019, judging from comments made by Nick Brown director, marine and offshore at Lloyd's Register when cutting the Greek Vassilopita at the classification society's traditional annual celebration in its London office, 15 January.
China’s eastern province Anhui has set up a new Anhui Port & Shipping Group to promote local port and shipping business.
The Maritime and Port Authority of Singapore (MPA) is continuing to boost innovations in shipping and port operations as its ongoing initiatives seek out new start-ups to develop new talent and ventures for the maritime sector.
Shipping contribution to Greece’s coffers in the first nine months of the year have shown a significant recovery according to latest Bank of Greece (BoG) data.
China has been recognised as the top international shipping nation according to a new DNV GL and Menon Economics report titled: “The Leading Maritime Nations of the World”.