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In our quest to make everyday life easier, neater and nicer, we surround ourselves with stuff that, in certain circumstances, can be harmful: kitchen and bathroom cleaning products, paint, and air fresheners, for example. Millions of these products are sold every day and they are taken to market by ships.
As the supply chain crisis evolves and new areas of risk emerge, another trend has become apparent: a growing global fleet of moribund vessels, saved from the scrapyard by persistently high freight rates and the illicit oil trade.
The shift from fossil fuels to zero-carbon alternatives will be hugely costly – but first movers face great potential rewards too.
The transition will drive a rethinking of the way shipping is run, its role in the broader supply chain, the skills needed to make the transition successful, and the financing of a technological revolution.
Which fuels and technologies will drive shipping’s race to zero? It’s the question of the age – or at least of the next decade. The simple fact is there’s no silver bullet, no immediate and all-embracing answer to a complex and evolving challenge. The solution lies in a range of fuels and technologies working together.
From aspiration to action: How shipping’s leaders plan to accelerate the decarbonisation timeline.
The shipping industry faces a generational challenge. It must transition away from fossil fuels as the dominant marine energy source within the lifespan of today’s newbuilt ships, but it must do so amid regulatory, financial and technical uncertainty.
Hear directly from our panel of experts how decarbonisation will shift the competitive landscape of vessel ownership. Is there sufficient progress being made from regulators to support the growth of decarbonised shipping? What actions do companies need to take now? Find out what are the greatest barriers to decarbonising shipping and how those barriers can be removed.
We examine the global scale of the operations that transport and exchange illicit commodities through a network of vessels using similar playbook tactics to evade detection. Our data shows how large and impactful the problem is today – and it’s growing and evolving.
Written by Richard Meade, Managing Editor, Lloyd’s List, and Michelle Wiese Bockmann, Markets Editor, Lloyd’s List
There are deep implications to the decisions that shipowners need to make now on how they will meet emissions targets over the coming years. Whichever route they take, our analysis shows that the transition to zero carbon will have a profound impact across the industry. Part 1 of 2 in the series.
Written by Richard Meade, Managing Editor, Lloyd’s List, and Chris Pälsson, Managing Director, Lloyd’s List Intelligence
Environmental, Social and Governance (ESG) capital requirements will trigger the need for scale, stability, and consolidation - married with long term cargo trends and interests; together stimulating a tectonic shift in shipping business models. Part 2 of 2 in the series.
Written by Richard Meade, Managing Editor, Lloyd’s List, and Chris Pälsson, Managing Director, Lloyd’s List Intelligence