Welders repairing a ship in dry dock
Freight struggles with regulatory uncertainty
Lack of clarity is affecting demand for new tankers, but LNG vessel orders are booming
Shipowner group the International Chamber of Shipping wants more clarity over emissions regulations for its members and warns the uncertainty is cutting into new vessel orders. “The order book is small in many sectors of shipping,” says ICS chairman Emanuele Grimaldi, because owners fear investing in vessels that could be rendered obsolete soon by environmental legislation. The ICS “wants regulation to be better known and understood”, and is working “towards clarity”, in conjunction with the UN’s International Maritime Organization (IMO). “Hydrogen and ammonia will play big roles in shipping” Grimaldi, ICS But for now, the lack of certainty is making vessel orders more difficult, Gri
Also in this section
21 February 2025
While large-scale planned LNG schemes in sub-Saharan Africa have faced fresh problems, FLNG projects are stepping into that space
20 February 2025
Greater social mobility means increased global demand for refined fuels and petrochemical products, with Asia leading the way in the expansion of refining capacity
19 February 2025
The EU would do well to ease its gas storage requirements to avoid heavy purchase costs this summer, with the targets having created market distortion while giving sellers a significant advantage over buyers
18 February 2025
Deliveries to China decline by around 1m b/d from move to curb crude exports to Shandong port, putting Iran under further economic pressure
