Fuel Tax Proposed to Fund $5 Billion R&D Plan


Eight global shipping associations have submitted a plan to the IMO for a fuel tax dedicated to helping eliminate CO2 emissions from international shipping. The tax would generate funds of about $5 billion over a 10-year period. 

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Tanker Market: Robust Levels All Around During November


The tanker market has been on a high during November as well. In its latest monthly report, OPEC said that dirty tanker spot freight rates in November remained at robust levels relative to the lacklustre performance seen for most of this year, but were down from the record highs seen in the previous month. 

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Lithium Ion Batteries, a force to be reckoned with in vessel applications.


Since the beginning of boat building; designers, builders, owners and crew have always sought to do more with less. Seeking efficiencies may reduce costs, make better use of space, provide more speed and meet regulatory requirements or socially accepted organisational norms. 

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Dry Bulk Market: Ship Owners Turn to ‘08-’11 Tonnage


While the freight rate market for dry bulk carriers has failed to rebound over the course of the past three weeks, demand for second hand bulkers and, more specifically, those built between 2008 and 2011 has kept up its momentum.

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New Coalition Aims to Make Zero-Emissions Shipping Plain Sailing


The World Economic Forum, the Global Maritime Forum and Friends of Ocean Action today launch the Getting to Zero Coalition at the United Nations Climate Action Summit, with the goal of decarbonizing the international maritime shipping sector by 2030. 

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Container Shipping: Ship Sizes Keep Increasing Despite Stagnant Volume Growth


Global growth in container volumes has picked up slightly in the second quarter of the year, with growth in the first seven months reaching 1.2%, compared to the just 0.8% in the first quarter.

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