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China has rapidly established itself as the world’s dominant shipbuilding power, marginalizing the United States and its allies in a strategically important industry. In addition to building massive numbers of commercial ships, many Chinese shipyards also produce warships for the country’s rapidly growing navy. As part of its “military-civil fusion” strategy, China is tapping into the dual-use resources of its […]
The marine insurance industry is playing an increasing role in supporting shipping’s decarbonisation. The Poseidon Principles for Marine Insurance have published their third annual disclosure report, providing insights into the climate alignment of insured shipping fleets. This year’s report, with contributions from nine signatories and nine affiliate members across ten countries, reflects the sector’s commitment to sustainability and improved emissions […]
This report provides the latest update on the status of the European-controlled fleet for the year 2024 and assesses the economic impact of the European shipping industry for 2021, which is the latest year for which economic indicators were publicly available for the European shipping industry The European shipping sector’s turnover, which inherently measures the direct and indirect economic impact, […]
In the Americas, vessels continue to arrive in Halifax off proforma, primarily due to weather over the North Atlantic. In Europe, the leading story is France where labor action in dispute against the pension reform continues and new work stoppages must be expected throughout March and beyond. Saint John (CASJB) – Vessels arriving in Saint John are experiencing minor delays […]
Hydrogen and ammonia, used in internal combustion engines or fuel cells, are expected to be important in the necessary fuel transition towards 2050, even though there are challenges related to technology readiness, fuel availability, and cost. This paper outlines how DNV can assist shipowners in obtaining approval for ammonia – and hydrogen – fuelled ships in today’s immature regulatory landscape. […]
On the global level of shipping, the EU is still a large player compared to most regions in the world. The European shipping fleet is one of the largest in the world, representing around 35% of the world fleet in terms of global tonnage across all segments. The European shipping industry is a relevant contributor to the EU economy, accounting […]
Mounting geoeconomic tensions, protectionist policies and trade disputes signal likely disruptions ahead. Recent shipping trends also suggest a slowdown, with falling freight indices indicating weaker industrial activity, particularly in supply chain-dependent sectors. This report presents new trade data and projections across regions, industries and sectors, covering 2024 and early 2025. While global trade reached a record $33 trillion last year, […]
The U.S. Trade Representative (USTR) has proposed imposing significant port fees on Chinese-built vessels, a move that could disrupt global trade and increase shipping costs. The proposal, part of a Section 301 investigation, aims to counter China’s dominance in the shipbuilding industry, which has surged to over 60% of the global market share. The USTR accuses China of unfair practices, […]
The growth in cargo owners’ willingness to pay (WTP) a premium for green shipping is slowing in a market that remains largely unregulated and reliant on voluntary actions. As a result, the previous momentum toward zero-carbon shipping is stagnating. The remaining strong interest in green shipping is driven primarily by European customers, especially those with high value to volume cargo […]
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