Nuclear Shipping Greenhouse Gas Emissions In 2018 the International Maritime Organization (IMO) adopted the aim of reducing greenhouse gas emissions from shipping by 50% by 2050 compared with 2008. It is estimated that shipping accounts for 2.6% of global CO2 emissions. In 2017 global bunkering totalled 8.9 EJ, with 82% being heavy fuel oil and
International Hydrographic Organization introduces modernised Hydrographic Geospatial data standard To break away from the fixed and inflexible architecture of S-57, the International Hydrographic Organization (IHO) is introducing an advanced hydrographic geospatial data standard to the maritime industry. This new data framework is known as S-100 and provides enhanced support in managing a wider variety of
Port Automation Evolution of Intelligent Technology Vs Actual Operation of Port Equipment Due to the deepening levels of port automation and intelligence the degree of equipment automation and the complexity of maintenance operations have increased substantially. Consequently the evolution of intelligent technology has led to significant shifts in the types and quantities of issues encountered
Vietnam Rising Economy of Southeast Asia Vietnam once considered as an isolated country is now a middle-income country with a dynamic, enterprising and young population and an increasingly important U.S. partner. In the year 2023 the President of USA and the then General Secretary Nguyễn Phú Trọng agreed to elevate the U.S.-Vietnam relationship to a
Embracing Green Shipping Conventional Shipping Sustainability from Carbon Emissions Perspective Sustainability is an integral component of the Maritime sector. Statistically the shipping industry contributes 3% of global CO2 emissions which is meagre when compared to road transportation at 17% where the transition towards a cleaner and green mode of road transportation has been relatively smooth
Insurance Costs Surge on Red Sea Routes Isn't it intriguing that only the major container lines and not tankers, LNG and bulk carriers have diverted from the Red Sea routes. A Suezmax tanker with a load of 750,000 barrels priced at $80/bbls is a cargo worth around $60 million. At a war risk insurance of
