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Ocean Freight Market Update – March 2021

Heavy port congestion and vessel delays continue worldwide. The liner shipping industry is facing unforeseen heavy port congestion and vessel delays worldwide. The situation is adding to the severe lack of vessels, forcing carriers to blank sailings from China just at a time when these sailings could be generating record revenues. Source: DHL

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Investment needed to decarbonize shipping

Investment needed to decarbonize shipping

According to this report, reducing emissions from shipping in line with the IMO’s 2050 goal would require between $1-1.4 trillion of land-based and ship-based investment between 2030-2050. The aim of this insight brief is to gauge the capital investment needed to achieve decarbonization outcomes in line with the IMO Initial Strategy. Source: Global Maritime Forum

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Global Shipping Index – February

The global shipping index continued its rise in Feb-21, jumping by a further 9.6% month-on-month to 131.82 points. The index is now substantially higher than at any time since its inception and coincides with significant increases across many trades. Source: Xeneta

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Shore power: barriers and solutions

Shore power: barriers and solutions

New research highlights that Government support for “shore-power” is essential to unlock a triple-win of cleaner air, lower climate pollution, and smart 21st century electricity grids in UK ports. Shore-power, the provision of electricity for ships while in dock so they don’t need to use their diesel engines, is taking off in Europe, but is […]

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Port of LA: Strong Start to 2021

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