Winners and losers in shipping crisis

Synopsis: Challenges faced by exporters due to steep rise in ocean freight rates and congestion in various ports of the world. Introduction There has been a steep rise in ocean freight rates and congestion in various ports of the world. Indian exporters have complained of increase in freight rates by 300% to 1000% for various… Continue reading Winners and losers in shipping crisis

1 trillion USD required to achieve UN’s Decarbonization Target of Shipping Industry

News:According to a study,at least $1 trillion of investment in new fuel technology is needed to enable the shipping industry to meet U.N. targets for cuts in carbon emissions by 2050. Facts: About Global Shipping Carbon emissions: According to the United Nations,the global shipping industry accounts for around 90% of world trade which happen at… Continue reading 1 trillion USD required to achieve UN’s Decarbonization Target of Shipping Industry