The IMO Net-zero Framework agreed at MEPC 83 last week is the first in the world to combine mandatory emissions limits and GHG pricing across an entire industry sector. The measures include a new fuel standard for ships and a global pricing mechanism for emissions. These measures, set to be formally adopted in October 2025 before entry into force in 2027
Under current and prospective policies from the IMO, EU, and US, the business case for green shipping corridors could improve markedly - but not sufficiently - according to a new report published by UMAS, UCL, and the Global Maritime Forum (GMF). Titled ‘Building a Business Case for Green Shipping Corridors
The ChallengeAn international engineering technology company that strives to develop unique, innovative, sustainable products for their customers needed assistance with designing a marine winch, which is a critical component in the marine industry. This component is used for the control, lifting, and retrieval of remote operated vehicles (ROVs) on sea/ocean fairing vessels.
Former President Donald Trump's return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran's top crude customer, to cooperate, analysts said.Cracking down on OPEC-member Iran would support global oil prices, but the effect could also be offset by other Trump policies