Top Risks Facing the Cargo Shipping Industry

Responsible for shipping 90 percent of the world’s trade, cargo ships are part of the global economy’s backbone. The international cargo shipping industry transports goods with an estimated value of $4.5 trillion on an annual basis and is projected to increase by about 4.7 percent in the coming years. ... Read More

Electrification and Energy Storage: Future Fossil Fuel Alternatives

Reducing fossil fuel consumption and cutting down on marine pollution are points of interest for the maritime industry as a whole. With the implementation of the updated shipping regulations known as IMO 2020, shipping companies are looking for ways to oblige to new rules through alternative methods of energy. ... Read More

Zero Emission Global Shipping: What it Means For Maritime Transport

The global shipping industry is not only massive and far-reaching, but it’s also continuing to grow at a rapid pace. Thousands of ships around the world carry billions of dollars of goods, such as food, autos, and electronics across every ocean. Those ships run mostly on fuel known as ... Read More