MARKET REPORT

The International Maritime Rescue Federation (IMRF) released its #FutureSAR Report as part of the organisation’s ongoing campaign to raise awareness of the impacts and effects of climate change on global maritime search and rescue (SAR) operations.

Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a new report launched by technology group Wärtsilä.

Deploying their most efficient vessels on specific routes, alongside informed fuel and technology strategies are the key for ensuring the shipowners comply with the Fuel EU and EU ETS regulations, according to a new Lloyd’s Register report.

The maritime industry is standing at the brink of a transformative era—one defined by a commitment to environmental consciousness and sustainability.

With the increasing demand for environmental, social and governance (ESG) reporting in the maritime, offshore and oil and gas industries, many owners and operators are incorporating ESG criteria into their operations.

The findings are based on a survey of respondents from across the maritime sector and conducted in association with 15 shipping organisations, spanning ship owners and managers, classification, technology, ports and marine services.

Environmental Defense Fund (EDF) and Lloyd’s Register (LR) Maritime Decarbonisation Hub, in collaboration with Arup, introduced the Sustainable First Movers Initiative Identification Tool, a system to help shipping stakeholders align investment decisions that support the maritime energy transition away from fossil fuels.

ABS shines a light on the maritime industry’s complex regulatory environment in a major new report summarizing the latest global regulatory developments and guidelines, as well as their impact on the maritime industry.