Shipping Industry in a sentence

He added that “as a country, Nigerian government officials responsible for the shipping industry’s development theoretically know and understand the significance of a fully developed indigenous shipping industry.

In 2023, there have been significant fluctuations in blank sailings across major shipping routes, reflecting the dynamic global shipping industry influenced by factors such as market conditions, disruptions, and demand patterns.

Norwegian shipping giant Höegh Autoliners and Australian green technology group Fortescue joined forces at COP29 in Baku, Azerbaijan, to urge global regulators to fast-track green ammonia as the marine fuel of choice to decarbonize the shipping industry.

The initiative hopes to revolutionise the shipping industry if the world's biggest shipping companies adopt these greener routes.

US-based Blue Alpha Capital estimates suggest liner shipping made a combined US$ 26.8bn profit in Q3, more than twice what the container shipping industry earned in any previous full year outside of the covid era.

The dispute casts a cloud over a shipping industry heading into the new year following a tumultuous 2020 that saw the Covid-19 pandemic disrupt world-wide supply chains and batter conventional shipping strategies.

In 1997, Nedlloyd merged with the British shipping industry leader P&O forming the third largest merchant shipping company in the world.

But a source in the industry says anonymously: “If the shipping industry chose to dispose of its ships in a responsible manner, breaking yards would be forced to improve their methods and conditions, thereby protecting workers such as Mollah.

A report earlier this week detailed that at least 37.5 billion euros in such subsidies were awarded in the Netherlands, notably related to the shipping industry.

Elsewhere, similar attempts to decarbonise the shipping industry are underway.

In the shipping industry, Mongolia is one of the world’s most notorious flag-of-convenience states, and now it seems to be flaunting its sorry record to undermine international sanctions.

Other experts, by contrast, downplayed the implications for prices, saying the shipping industry could weather the fallout with little effect on U.S. consumers.

Recent sustainability-inspired EU legislation known as “Fit For 55” continues to put pressure on the shipping industry as it searches for new strategies to reduce emissions and avoid financial and operational penalties.

That's the same number as the previous three years combined, although still a fraction of the overall 61 incidents recorded across the whole shipping industry in 2022, the analysis found.

The UK, with its unique position bridging these two worlds, must not only continue to invest in its naval capabilities but also strive to foster a deeper understanding and cooperation between the shipping industry and naval powers.

This search for new technology to decarbonise the shipping industry of the country is in line with the IMO's decarbonisation outlook.

This TMS award will be presented to a company which provides technical support services to the shipping industry, and which has demonstrated very high levels of achievement and innovation over the past year.

With its huge network and experience, the shipping industry is primed to be a cornerstone in this initiative.

He adds that while less ice could be a boon for the shipping industry, it would have massive consequences on recreational sports that rely on the seasonal ice coverage.

In December 2022, Mr Helliwell was appointed Chief People Officer at Silverstream Technologies, a market leader in air lubrication technology for the global shipping industry.