Global services trade recovering but below pre-pandemic levels- WTO barometer
Director-General, WTO, Dr. Ngozi Okonjo-Iweala The latest barometer index reading of is above the global services trade activity index and above the baseline value of 100, suggesting that the volume…
Eurozone strong growth story jeopardised by supply bottlenecks
Slowing growth, higher prices The flash composite PMI fell to in September from 59 in August, clearly undershooting the consensus expectation (). The weaker confidence was across the board: in…
Top global companies call for zero emissions shipping by 2050
More than 150 leading companies and organisations including oil majors and port authorities on Wednesday called for the global shipping industry to be fully decarbonised by 2050, urging governments to…
Shipping: Driving growth in a disrupted world
IMO Secretary General, Kitack Lim By Kitack Lim It is a pleasure to welcome you to IMO Headquarters today and to see many of you in person again. I also…
U.S. crude, fuel stocks fall in wake of Hurricane Ida – EIA
President, Joe Biden United States crude stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday. Crude inventories fell by million barrels in the week…
UK proposes zero emissions from global shipping by 2050
The United Kingdom government has called on the International Maritime Organisation IMO to target zero emissions from global shipping by 2050. At the start of London International Shipping Week LISW…
CMA CGM suspends all spot container freight rate increases
The measure announced on September 9 is effectively immediately covering all the French group’s brands - CMA CGM, CNC, Containerships, Mercosul, ANL, and APL. Spot rates for container shipping have…
ICS proposes global carbon levy, IMO ‘Climate Fund’
As the maritime industries across the world come under growing pressure to act now on decarbonisation the International Chamber of Shipping ICS has proposed a global carbon levy. The “Climate…
Seafarer vaccination rate low at just 15.3% – Neptune Indicator
The rate of seafarer vaccination has remained very slow, stands at just cent according to a survey by the Neptune Declaration Crew Change Indicator. The monthly crew change survey of…
World’s first CO2 capture plant installed on Japanese bulker
World's first carbon capture unit on an ocean going vessel Carbon Capture unit installed for testing on a Japanese bulker. A Japanese project to test carbon capture on ships has…
