Skip to content
Search AI Powered

Latest Stories

Port authority group calls for stricter caps on maritime carbon emissions

IAPH says industry should phase out CO2 emissions from shipping by 2050

iaph Climate-and-Energy-scaled.jpeg

The global trade association for port authorities is pushing for a faster path to phase out carbon dioxide emissions from maritime freight vessels, according to a statement from the International Association of Ports and Harbors (IAPH).

The statement follows a meeting in London this week of groups from the international maritime community, who discussed revising the International Maritime Organization (IMO) Greenhouse Gas Emissions (GHG) Strategy.


When drafted in 2018, that strategy had called for cutting annual greenhouse gas emissions from international shipping by at least half by 2050, compared with their level in 2008, and working towards phasing out GHG emissions from shipping entirely as soon as possible in this century.

The original strategy was due for a planned revision by 2023, and IAPH says that update should set a more ambitious goal to reach a zero-emission target by 2050. “As climate science clearly demonstrates, for the world to stay on a 1.5°C pathway, international shipping needs to decarbonize by 2050 at the latest. Hence, IAPH supports all proposals calling for phasing out CO2 emissions from shipping by 2050, and the setting of respective intermediate targets for 2030 and 2040 to define a predictable pathway,” IAPH’s technical director, Antonis Michail, said in a release.

IAPH also supported the early adoption of mid-term measures consisting of a technical regulatory instrument such as the GHG Global Fuel Standard and a market-based measure (MBM). “IAPH considers the early implementation of a global MBM to be essential in bridging the price gap between conventional and low- and zero-carbon fuels and hence stimulating the very substantial investments needed in the supply and value chains of such fuels and making them commercially viable,” Michail said.

According to IAPH, a global MBM could generate revenues for investments in port and land infrastructure for low- and zero-carbon fuels, in developing countries in particular. That approach could both drive decarbonization and also contribute to an equitable energy transition of shipping. 

Some maritime sector companies have already begun transitions to cleaner-burning fuels in containerships, in line with the “IMO 2020” regulations designed to curb air pollution by banning ships from using fuel with high sulfur content. However, clean fuels and engines are still made in quantities too small to support an industry-wide transition, so some groups are also calling for a plan for the IMO to raise funds from global shipping companies to back research and development in the area.



Recent

More Stories

AI image of a dinosaur in teacup

The new "Amazon Nova" AI tools can use basic prompts--like "a dinosaur sitting in a teacup"--to create outputs in text, images, or video.

Amazon to release new generation of AI models in 2025

Logistics and e-commerce giant Amazon says it will release a new collection of AI tools in 2025 that could “simplify the lives of shoppers, sellers, advertisers, enterprises, and everyone in between.”

Benefits for Amazon's customers--who include marketplace retailers and logistics services customers, as well as companies who use its Amazon Web Services (AWS) platform and the e-commerce shoppers who buy goods on the website--will include generative AI (Gen AI) solutions that offer real-world value, the company said.

Keep ReadingShow less

Featured

Logistics economy continues on solid footing
Logistics Managers' Index

Logistics economy continues on solid footing

Economic activity in the logistics industry expanded in November, continuing a steady growth pattern that began earlier this year and signaling a return to seasonality after several years of fluctuating conditions, according to the latest Logistics Managers’ Index report (LMI), released today.

The November LMI registered 58.4, down slightly from October’s reading of 58.9, which was the highest level in two years. The LMI is a monthly gauge of business conditions across warehousing and logistics markets; a reading above 50 indicates growth and a reading below 50 indicates contraction.

Keep ReadingShow less
iceberg drawing to represent threats

GEP: six factors could change calm to storm in 2025

The current year is ending on a calm note for the logistics sector, but 2025 is on pace to be an era of rapid transformation, due to six driving forces that will shape procurement and supply chains in coming months, according to a forecast from New Jersey-based supply chain software provider GEP.

"After several years of mitigating inflation, disruption, supply shocks, conflicts, and uncertainty, we are currently in a relative period of calm," John Paitek, vice president, GEP, said in a release. "But it is very much the calm before the coming storm. This report provides procurement and supply chain leaders with a prescriptive guide to weathering the gale force headwinds of protectionism, tariffs, trade wars, regulatory pressures, uncertainty, and the AI revolution that we will face in 2025."

Keep ReadingShow less
chart of top business concerns from descartes

Descartes: businesses say top concern is tariff hikes

Business leaders at companies of every size say that rising tariffs and trade barriers are the most significant global trade challenge facing logistics and supply chain leaders today, according to a survey from supply chain software provider Descartes.

Specifically, 48% of respondents identified rising tariffs and trade barriers as their top concern, followed by supply chain disruptions at 45% and geopolitical instability at 41%. Moreover, tariffs and trade barriers ranked as the priority issue regardless of company size, as respondents at companies with less than 250 employees, 251-500, 501-1,000, 1,001-50,000 and 50,000+ employees all cited it as the most significant issue they are currently facing.

Keep ReadingShow less
photo of worker at port tracking containers

Trump tariff threat strains logistics businesses

Freight transportation providers and maritime port operators are bracing for rough business impacts if the incoming Trump Administration follows through on its pledge to impose a 25% tariff on Mexico and Canada and an additional 10% tariff on China, analysts say.

Industry contacts say they fear that such heavy fees could prompt importers to “pull forward” a massive surge of goods before the new administration is seated on January 20, and then quickly cut back again once the hefty new fees are instituted, according to a report from TD Cowen.

Keep ReadingShow less