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Industry backs United Nations $5 billion "moon-shot" programme to decarbonise shipping

Responding to the UN Secretary-General’s call for “urgency and ambition” on climate change, the entire global shipping industry is giving “full and unequivocal” backing to a moon-shot proposal submitted by governments, to catalyse the complete decarbonisation of maritime transport by deployment at s... Please follow the link to continue reading.

Demand

We forecast that crude tanker cargo volumes will grow 1.0-2.0% year-on-year in both 2024 and 2025. The average sailing distance is predicted to increase 7% in 2024 due to ships avoiding the Red Sea and the Suez Canal but fall approximately 5.5% in 2025 as we assume that ships may be able to return... Please follow the link to continue reading.