TT Club, as a leading international freight transport and cargo handling insurer, recognises equipment-sharing agreements as an efficient use of resources but flags potential liability issues if appropriate insurance cover is not in place.
Someone falling into a deep coma four years ago in December 2019 and re-awakening today might be forgiven for believing that little had changed in the world of deep-sea containers.
Uncertainties over the future supply and cost of carbon-neutral fuels are compelling reasons for shipowners, ports, and other stakeholders to consider all technology options for reaching net zero.
The European Union Emissions Trading System (EU ETS) for shipping landed with a colossal splash on 16 May this year, when it was officially adopted and finalised.
The European Union Emissions Trading System (EU ETS), which has been in effect since 2005, will extend its scope to the maritime shipping industry starting in 2024, presenting unprecedented operational and financial challenges within the European Economic Area (EEA).
In the vast expanse of the maritime industry, where operational complexities and environmental imperatives collide, the need for optimisation and collaboration has never been greater.
Denmark has been a policy frontrunner in reducing greenhouse gas emissions, planning to slash its footprint by 70% (vs 1990 levels) by this decade's end towards carbon neutrality in 2050.
