Emissions fall on key ocean freight lanes in 2023: Xeneta

The latest industry analysis from Xeneta shows that CO2 emissions from the container industry fell during the first quarter of 2023 across 10 of the world’s busiest 13 ocean freight lanes. According to the Carbon Emissions Index (CEI), a unique environmental benchmarking tool from Xeneta and Marine Benchmark, the trade corridor making the biggest emissions […]

Ocean Network Express launches LUX service, connecting Europe and South America

Ocean Network Express (ONE) is introducing the Latin-East-Coast Europe Express (LUX), a new weekly service connecting Europe and the Mediterranean to the East Coast of South America, providing ONE’s valued customers with greater coverage, connectivity, and flexibility. The LUX represents ONE’s first dedicated service connecting Europe and the Mediterranean to the East Coast of South […]

Baltic Exchange co-hosts 8th Global Shipbrokers Forum

The Baltic Exchange reports that co-hosted the 8th Global Shipbrokers Forum in Piraeus, Greece in late June with the Hellenic Shipbrokers Association (HSA) in an event that discussed a number of topics affecting the global maritime industry including environmental regulations and the impact of global sanctions. Ship owners, managers, charterers, shippers, agents, insurers, brokers, shipbuilders, […]

Port of Tilbury, RWE and Mitsui investigate green hydrogen to decarbonise port operations

The UK’s largest power generator RWE, global trading and investment company Mitsui and the Port of Tilbury are developing an innovative hydrogen project at the Essex port just outside London as part of a recently signed memorandum of understanding (MoU) for two green hydrogen projects. Through the MoU, the organisations will complete two parallel work […]

IMO statement on outcome of MEPC 80

Member States of the International Maritime Organization (IMO), meeting at the Marine Environment Protection Committee (MEPC 80), have adopted the 2023 IMO Strategy on Reduction of GHG Emissions from Ships, with enhanced targets to tackle harmful emissions. The revised IMO GHG Strategy includes an enhanced common ambition to reach net-zero GHG emissions from international shipping […]