Global maritime trade costs may increase with zero-emission fuels

Over 80 per cent of global trade by volume and 70 per cent by value, transported via ships, would be notably affected by these cost changes. Small island developing states (SIDs) and least developed countries (LDCs), heavily dependent on imports and exports and distanced from major trade routes, are prone to increased transport costs.

CMA CGM and MPA to collaborate on decarbonisation in maritime industry

The CMA CGM Group (CMA CGM) and the Maritime and Port Authority of Singapore (MPA) have signed agreement to promote decarbonisation, digitalisation, and innovation across the maritime industry. Both the companies have said that they will explore the use of zero and low-carbon marine fuels including e-methanol, e-methane, and biofuels for commercial shipping. The deal

UK maritime industry leaders discuss ABS advances in technology

ABS brought together UK maritime industry leaders to discuss the latest advances in sustainability and digital classification. The UK National Committee Meeting heard how the ABS-classed fleet had grown to 279 million gross tons and secured the number one position in global orderbook share. They were given a glimpse of the future of classification, with