ShippingWatch’s Post

Explore how the recent disruptions in the #RedSea are shaping sustainable practices in the maritime industry. Our latest article offers an in-depth look at the challenges and opportunities for #sustainability that arise in times of crisis. This piece highlights the importance of adaptability and resilience in the face of unexpected challenges, offering valuable lessons for the maritime industry. https://lnkd.in/g27A-S6w

This is going to be an interesting one. Our analysis indicates it is quite likely that the net FuelEU compliance balance industry wide will flip to be positive way before 2030. this would have significant impact on pooling strategies, pooling prices and public revenues. #fueleu #euets #shipping #compliance

Thursday 28th September marks #WorldMaritimeDay which is an annual event established by the International Maritime Organization (IMO) to raise awareness about the importance of #shipping and #maritime activities in global trade, #sustainable development, and the world economy. This year we celebrate 50 years of #MARPOL, the International Convention for the Prevention of Pollution from Ships, and it is one of the most important international treaties governing maritime pollution. #ShipMoney #ShipMoneycorporate #maritime #maritimeindustry #shipping #shippingindustry #seafarers

The critical situation in the #RedSea is putting a significant amount of pressure on Italian companies. Attacks by the Houthi rebels on cargo ships bound for Suez, followed by airstrikes carried out by the USA and the UK, are causing delays and increases in transport costs. The prices of maritime transport from Asia to Europe and the Mediterranean have almost tripled, while voyages have been extended by approximately 15 days, resulting in higher fuel costs and insurance premiums. This situation has had a detrimental effect on the Italian economy, as ships prefer Northern European ports. So, yet again we find ourselves talking about #reshoring, the process of returning the production and/or manufacturing of goods to the company's original country (backshoring) or to a nearby country (nearshoring). However, even if reshoring entails the need to shorten the supply chain in order to seek suppliers with premises closer to home (which also has a considerable impact on reducing CO2 emissions and thus on the sustainability process itself), full-blown reshoring seems a complex option to be taken into consideration right now also because it might need years to be fully implemented, especially in case of returning of the production. What are your thoughts on this? Let’s discuss this topic in the comments below.

Did you attend this year's Maritime Cyprus? 🚢 Amie Pascoe, Director at BLUE, shares her insight on this year's event. "You will be unsurprised to hear that decarbonisation dominated this year’s Maritime Cyprus conference. It’s an unavoidable, inescapable reality that the industry continues to grapple with. And – also unsurprisingly – it’s a reality that divides opinions. Shipping may be a fragmented market. But at Maritime Cyprus, it seemed that shipowners fell broadly into two camps; there are optimists and there are pessimists." 👉 Read more insights in our latest blog: https://lnkd.in/ecNp5nGJ Watch this space for more Maritime Cyprus insights! #Maritime #Decarbonization #MarCy2023 Shipping Deputy Ministry of Cyprus

𝐂𝐨𝐧𝐠𝐞𝐬𝐭𝐢𝐨𝐧 𝐚𝐭 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞 𝐏𝐨𝐫𝐭 remains severe, leading to significant 𝐬𝐡𝐢𝐩𝐩𝐢𝐧𝐠 𝐝𝐞𝐥𝐚𝐲𝐬 and is expected to have an impact on 𝐚𝐢𝐫𝐟𝐫𝐞𝐢𝐠𝐡𝐭 𝐫𝐚𝐭𝐞𝐬. Container vessels are experiencing 𝐞𝐱𝐭𝐞𝐧𝐝𝐞𝐝 𝐰𝐚𝐢𝐭𝐢𝐧𝐠 𝐭𝐢𝐦𝐞𝐬 of up to seven days for a berth, compared to the usual half-day wait. Additionally, the oil spill cleanup in Singapore is progressing steadily, with the Maritime and Port Authority actively working to mitigate the impact on coastal areas. Read the full update on our website: https://lnkd.in/e7jfGsjZ #fhbertling #bertling #portcongestion #portcongestionsingapore #singapore

FuelEU Maritme is coming. Is your charterparty ready? With less than six months to implementation of FuelEU Maritime in EU and EEA trades, there has been little published advice regarding how to allocate responsibilities within time charterparties. Here,

The hundreds of ships sailing south of Africa to the Red Sea crisis are making journeys longer and increasing shipping’s carbon footprint. Tracking platform Shipsgo includes estimates that the emissions from each of the containers emitted an average of 1.35 tons of CO2 per container, that’s 0.28 tons more - just over 280 kg. #shipping #containershipping #freight #oceanfreight #sustainability #business #globaltrade #logistics

Dominguez explained that the current situation in the Red Sea region impose many challenges on the global trade movement and the maritime transport market, in addition to their negative effects on the Suez Canal and the ports in the region International Maritime Organization Suez Canal Authority Arsenio Dominguez #SCA #IMO #RedSea #MaritimeSecurity #Shipping #ShippingIndustry #RobbanAssafina #AssafinaOnline

Tailwinds for #shortsea shipping! Many thanks Johan-Paul Verschuure for your excellent keynote presentation and panel at Coastlink Conference reflecting on strength and growing importance of the #shortsea shipping. “Short sea is gaining more importance relative to overall trade. Despite broader market challenges, short sea shipping has shown resilience, especially when compared with deepsea.” “In combination with local production (nearshoring), short sea shipping has clear sustainability benefits. With EU ETS regulation, it will be preferred over long-distance trucking because of lower GHG emissions per container. As a result, hinterland will contract and cargo will come from closer to ports. Carbon pricing will change competitive position between ports and terminals. Captive hinterlands will become more entrenched, terminals closer to demand /end markets will gain importance.” Associated British Ports Port of Amsterdam Dorine Bosman Toepfer Transport GmbH Sabine Kilper Samskip Kari-Pekka Laaksonen