China now dominates maritime trade in terms of volume, shipbuilding activity, and construction and ownership of ports around the world. to the point that China’s position puts U.S. economic interests and national security priorities at risk. China’s dominance of overseas ports is well established, but the U.S. policy response is lacking. This policy brief initiates a much-needed conversation and offers […]
This paper examines the viability of green ammonia (NH3) as a marine fuel in the transition to decarbonized shipping. While there is no singular solution for achieving decarbonization, there is increasing recognition on the pivotal role of green ammonia in decarbonizing the shipping sector. By 2050, costs are expected to remain elevated, emphasizing the necessity of policy support for economic […]
This report reveals that an estimated US$335 billion in financing has flowed to maritime LNG in the 5 years since the Poseidon Principals launched on June 18,2019 to address emissions in maritime shipping. The Poseidon Principles are touted as a climate-responsible ship finance framework, yet they only scratch the surface of the scale of investment in maritime LNG due to […]
Monthly report on container prices, availability, and market trends. It covers ports in Asia, the Indian sub-continent and Middle East, Europe, and the U.S. Special focus in this edition on how UK ports like Southampton, Liverpool, and Felixstowe are set to benefit as carriers adjust routes to reduce ETS costs. Starting next year, shipping carriers on Asia-North Europe routes will […]
Geopolitics and climate have emerged as the two wildcards impacting the world’s busiest trade chokepoints, i.e. the Suez and Panama Canals. Daily shipments through the Suez Canal in the Red Sea have dropped by 50% since January 2024, while Panama Canal transit restrictions have led to a 32% decline since October 2023. In this paper, the following questions are addressed: […]
In 2023, the port and maritime industry’s total economic contribution to the United States included an estimated 2.5 million workers earning $214 billion in wages and benefits and generating $311 billion of GDP in the United States. The total economic contribution, or economic footprint, of the port and maritime industry consists of the industry’s operations and capital expenditures in the […]
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