Names Of Industry Leaders Announced For Shipping’s COP26 Conference

Technology and Innovation Centre

Global shipping bodies have revealed a host of high-profile names who will be attending a cross-industry decarbonisation conference at COP26.

Confirmed attendees of ‘Shaping the Future of Shipping’ include Sturla Henriksen, special advisor to the UN Global Compact; Bernard Looney, CEO of BP; Juan Carlos Jobet, the Chilean Minister for Energy and Mines; and Rolf Habben Jansen, CEO of Hapag Lloyd. The conference’s lead sponsor is industry heavyweight the Mediterranean Shipping Company (MSC).


Shortage Of Container Ships Continues To Trouble Shipping Industry

container ship

Sea freight all over the world has been significantly disrupted by the ongoing COVID-19 crisis. It has started recovering and signalling a boom in new container ship orders while the industry continues to grapple with the issue of vessel shortage.

Shipping enterprises, buoyed by sky-high freight prices, have been splashing out cash to expand their fleets. By 2023, the new shipping capacity is expected to hit a record-breaking level.

The order for at least 276 new vessels has already been placed...

San Marino Sets Up Business As A Ship Registry Despite Being Landlocked

Fortress_of_Guaita_San Marino - Credit - Max Ryazanov - Wikipedia Commons

Tiny, landlocked San Marino on the Italian peninsula has no clear maritime connections, which are usually the basis for a country setting up a flag registry. Furthermore, ITF investigations using global shipping data could not identify any shipowners from San Marino who have registered vessels with other countries’ flags.

So why is a country with no coast setting up a commercial ship registry? We ask them.

The news comes in the same month the ITF added seven new countries to its list of Flags of...

Fresh COVID-19 Cases Shatter Global Supply Chains

Shipping representation

A recent upsurge in new covid-19 cases across Asia aggravates supply chain blockages in the most significant source of manufactured goods.

Asia had dealt with the previous Covid-19 waves better than most parts of the world, but the fast-spreading Delta variant is hampering the supply chains of the factories and ports in many countries.

As per estimates by United Nations, about 42% of global exports come from Asia. As such, the battered supply chain in the region can cause ripple effects in places...

Port Of Rotterdam Rebounds After Corona Dip, With Throughput Of 231.6 Million Tonnes In H1, 2021

container-kranen - port of rotterdam

In the first six months of 2021, throughput in the port of Rotterdam was 231.6 million tonnes, a rise of 5.8% compared with the same period last year. Despite this increase, throughput volume has not yet recovered from last year’s corona dip. In the first half of the year, there was primarily an increase in incoming and outgoing flows of iron ore, coal and containers. The Port Authority’s financial results were good.

Highlights of the first half of the year

  • Total throughput: 231.6 million tonnes...

India: Shortage Of Shipping Containers Again Threatens Exporters

shipping containers

The rising shortage of containers and sky-high freight rates are threatening Indian exports that had risen to a record in the first quarter of FY22. After attaining crisis proportions earlier in 2021, shipping containers are short of supply, increasing the logistics costs for the exporters and making the businesses uncompetitive.

In April 2021, the government had declared victory over the container crisis. However, the shortage is back when export volumes are greater than ever before as the...

[FAQ]Where Does The Maritime Industry Stand On The Gender Pay Gap?

In the EU, women work almost 2 months for free each year compared to men and this is no different in maritime industry which is already struggling to maintain a level of gender diversity. Latest data reveal a current gender pay gap of 43% in the UK maritime industry alone.

What exactly is the gender pay gap?

The difference between the average gross hourly earnings of men and women expressed as a percentage of the average gross hourly earnings of men. This means the gap cannot be justified on the...

Declining Maritime R&D To Jeopardise Decarbonisation Plans

  • The ICS has warned that without decisive government signals declining levels of Maritime research and development could jeopardise industry’s ability to decarbonise.
  • According to the International Energy Agency (IEA), Maritime’s research and development (R&D) spending between 2007-2019 remained stagnant.
  • It is lagging far behind that of other sectors.
  • ICS along with other shipping bodies have already called on world leaders to bring forward discussions on global market-based measures.

A recent...

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