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If green corridors are to hit their targets and fulfil their function, 2024 must be a breakthrough year in which front-running initiatives begin to execute their plans and others are primed to quickly follow. Success hinges on accelerated effort within the corridors, swift introduction of fit-for-purpose measures by the governments and a willingness of the broader shipping ecosystem to get behind the frontrunners. Source: Global Maritime Forum
The Middle Corridor (MC) is a multimodal transport corridor connecting China to Europe, which takes three times longer than the Northern route (via Russia) and is comparable in duration to the maritime route. As a result, it has consequently held a lower priority for long-distance trade. The Middle Corridor has been receiving elevated attention following Russia’s invasion of Ukraine. but is complicated with its numerous border crossings, transshipments between modes and operational inefficiencies.
Low water levels are not only impacting sea trade via the Panama Canal but also in other parts of the world. This report looks at the Rhine in Germany, one of the key veins of inland water transport in Europe.
Wind-assisted propulsion systems (WAPSs) are seen as a technology that could reduce the fuel consumption from ships and, consequently, lower their greenhouse gas (GHG) and other emissions. The potential of wind assisted propulsion systems as a power source in the shipping sector is analysed in a new report released by the European Maritime Safety Agency (EMSA). The report was commissioned by EMSA under framework contract EMSA/OP/43/2020 to a joint venture of the American Bureau of Shipping, CE Delft and Arcsilea.
In 2023, third quarter volumes performed better than previously predicted. In particular, back-haul and regional trades performed better, so expectations have lifted for the fourth quarter as a consequence of this. The forecast for total full year volumes has therefore risen by 0.5 percentage points. While the growth forecast for all trades in 2024 remains unchanged at between 3% and 4%, we have lowered our forecast for head-haul and regional trades by 0.5 percentage points to between 3% and 4%. Source: BIMCO
Russia’s war of aggression against Ukraine has had both a significant direct impact on the maritime sector notably by disrupting maritime activities in the area. The war is likely to have further structural impacts on maritime trade routes and maritime decarbonisation. The war has directly affected maritime transport in the Black and Azov seas, including a halt of the activities in Ukrainian ports and the export of agricultural products through the Black Sea.
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