The shipping industry is essential to international trade. Although perceived as highly polluting due to the reliance on fossil fuel power generation, this sector remains the least harmful transportation mode for greenhouse gas emissions (“GHG”) per ton of freight transported.

Shipping remains the most cost-effective, energy efficient, and sustainable means of transporting the world’s goods. That’s the good news. But in an environment of ever-increasing decarbonization regulation, can owners profit from new technology?

US and Britain shaped a global system in the immediate post World War II period. In reality, it was a system designed to project American power onto the global stage.

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On 18th June 2019, 11 banks with collectively over $100bn in assets and representing nearly 20% of the global ship finance signed a global framework agreement called the Poseidon Principles.

As many readers will know, I left Clarksons in 2008, leaving many friends behind, but found no shortage of fully qualified mates to join me in a new ship brokerage company.

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At the 70th Marine Environment Protection Committee meeting in 2016, the International Maritime Organisation (IMO) decided that steps needed to be taken to reduce the sulphur content of the fuel oil used by ships to, among other reasons, mitigate climate change.

On 2 August, Japan removed South Korea from its ‘white list’ of countries that enjoy preferential treatment in trade. According to a study by the Korea Economic Research Institute, Korea’s GDP would fall an estimated 5.4% if Japan’s export controls break the flow of intermediate goods between the two countries by 45%.

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