Shipping industry to ensure difficult, radical change under new climate regulations

RegulationsNuts & BoltsComplianceHot SpotsTrade & Border Issues
Written By Jennifer Joslyn

The shipping industry is no stranger to disruptions or change, especially after the past several years. However, environmental regulations are the radical disrupter that could change everything. The United Nations International Maritime Organization (IMO) agency is responsible for maintaining regulations in the global shipping sector and new rules have made it clear the UN is focusing on reducing emissions.

As early as January 2023, ships must measure and report exact carbon intensity indexes and submit those reports on an annual basis to the IMO. Those reports will then be graded against IMO standards and disallowed from shipping rotations if rated too poorly. Additionally, ships must report a minimum of 2% improvement year-over-year to continue in their lettered position.

Read more from More Than Shipping ▶

You also might like...
Chinese Hacking Targets European Cargo Shipping
Chinese Hacking Targets European Cargo Shipping

A top cybersecurity firm, ESET, has uncovered Chinese hacking attempts in the European cargo shipping industry, marking the latest instance of China-aligned groups infiltrating Western economic infrastructure.

Peloton Files Federal Complaint Against Flexport Over Unreasonable Charges
Peloton Files Federal Complaint Against Flexport Over Unreasonable Charges

Peloton has lodged a complaint against digital freight forwarder Flexport with the Federal Maritime Commission, alleging that Flexport's practices resulted in millions of dollars in unreasonable demurrage and detention charges.

Senate Passes $105 Billion Bill to Boost Air Travel Safety and Customer Service
Senate Passes $105 Billion Bill to Boost Air Travel Safety and Customer Service

The Senate passed a $105 billion bipartisan bill to improve air travel safety and customer service.

Biden Administration Proposes Reclassification of Cannabis, Potentially Easing Federal Restrictions
Biden Administration Proposes Reclassification of Cannabis, Potentially Easing Federal Restrictions

The Biden administration is gearing up to make a historic shift by planning to reclassify cannabis under federal law.

Baltimore Files Legal Claims Against Cargo Ship Owners for Bridge Collapse
Baltimore Files Legal Claims Against Cargo Ship Owners for Bridge Collapse

The City of Baltimore is holding the owner and manager of the cargo ship responsible for the tragic collapse of the Francis Scott Key Bridge last month.

California Fast Food Chains Raise Prices in Response to Minimum Wage Increase
California Fast Food Chains Raise Prices in Response to Minimum Wage Increase

Following California's new $20-an-hour minimum wage law that kicked in on April 1, fast food joints across the state have bumped up their menu prices.

March Performance Reflects Continued Challenges for Freight Industry
March Performance Reflects Continued Challenges for Freight Industry

In March, the freight sector didn't quite hit the usual spring upswing, with the Cass Freight Index reporting that both shipments and expenditures mostly mirrored February's figures, falling short of typical seasonal patterns.

Panama Canal Is On the Road to Recovery After Dry Season
Panama Canal Is On the Road to Recovery After Dry Season

After a challenging six months marked by the driest October in 73 years, the Panama Canal is finally seeing a turnaround.

The Big Shift in U.S. Imports: More Containers, Higher Prices
The Big Shift in U.S. Imports: More Containers, Higher Prices

Here’s a quick rundown on the latest U.S. import scene: Inflation’s not the only thing on the rise – we’re seeing a significant increase in imports from China, especially after their factories reopened post-Lunar New Year.

Debate Over Easing CDL Testing Regulations
Debate Over Easing CDL Testing Regulations

The Federal Motor Carrier Safety Administration (FMCSA) has proposed a rule to simplify the process for obtaining a Commercial Driver’s License (CDL), aiming to address the driver shortage in the trucking industry.

California's Minimum Wage Increase Effects Popular Fast Food Pizza Chain
California's Minimum Wage Increase Effects Popular Fast Food Pizza Chain

Recently, Mod Pizza closed five of its locations in California just before the state implemented a significant minimum wage hike for fast food workers.

Progress in Baltimore Bridge Collapse Cleanup
Progress in Baltimore Bridge Collapse Cleanup

The Unified Command, a coalition involving the U.S. Coast Guard, U.S. Army Corps of Engineers, and other key agencies, has started a crucial phase in the aftermath of the Baltimore bridge collapse.

Investigation Launched After New Boeing 737 Incident
Investigation Launched After New Boeing 737 Incident

The U.S. airline regulators are looking into an unusual incident where a part of a Boeing 737-800’s engine came loose during takeoff.

Baltimore Bridge Collapse Has Quick Updates
Baltimore Bridge Collapse Has Quick Updates

In Baltimore, officials have quickly established a temporary shipping route around the Francis Scott Key Bridge collapse site to resume port operations.

Biden Commits to Federal Funding for Baltimore Bridge Reconstruction Amid Criticism
Biden Commits to Federal Funding for Baltimore Bridge Reconstruction Amid Criticism

After the recent collapse of the Francis Scott Key Bridge in Baltimore due to a container ship collision, resulting in six deaths, President Biden announced the federal government's commitment to fully fund the bridge's reconstruction.

Bridge Collapse at Port of Baltimore Upends Local Logistics
Bridge Collapse at Port of Baltimore Upends Local Logistics

The Francis Scott Key Bridge near Baltimore collapsed early Tuesday morning after a huge container ship hit one of its pillars.

U.S. States Gear Up for 2035 Phasing Out of Gas Cars
U.S. States Gear Up for 2035 Phasing Out of Gas Cars

Several states in the U.S., including California, Maryland, Massachusetts, New Jersey, New York, Oregon, Washington, and Rhode Island, plan to ban the sale of new gas-powered cars by 2035.

Baltimore Harbor Bridge Collapse Involving Cargo Ship Dali Claims Lives
Baltimore Harbor Bridge Collapse Involving Cargo Ship Dali Claims Lives

Early Tuesday morning, a major incident occurred at Baltimore Harbor.

Biden’s Bold Electric Vehicle Push
Biden’s Bold Electric Vehicle Push

President Biden has announced America's strictest vehicle exhaust emissions regulations yet, aiming to push the auto industry towards all-electric cars.

California Judge Upholds AB5 in Landmark Decision
California Judge Upholds AB5 in Landmark Decision

In a significant ruling, a federal judge in California rejected a challenge against the state's independent contractor law, AB5, from the trucking industry.

The Panama Canal's Sustainability Struggle
The Panama Canal's Sustainability Struggle

The Panama Canal faced a shipping crisis due to a surplus of capacity, prompting restrictions that affected global trade.

Navigating Turbulence Among Challenges and Strategies in Container Shipping
Navigating Turbulence Among Challenges and Strategies in Container Shipping

The container shipping industry is grappling with a surplus of capacity, leading to a drop in customer rates that Maersk CEO Vincent Clerc described as unsustainable during the company's annual shareholder meeting.

Congress Considers Reversal of Safety Regulation Affecting Young Truck Drivers
Congress Considers Reversal of Safety Regulation Affecting Young Truck Drivers

Congress appears ready to reverse a safety regulation that has hindered younger drivers from participating in a trucking program, as outlined in a bipartisan budget bill.

Danish Investors Push DSV on ESG Concerns in $10 Billion Neom Joint Venture
Danish Investors Push DSV on ESG Concerns in $10 Billion Neom Joint Venture

Danish investors in DSV are pressing the logistics giant regarding environmental, social, and governance aspects of its $10 billion joint venture in Saudi Arabia, supporting the Neom mega-city project.

EU Approves CMA CGM's Acquisition of Bolloré Logistics with Conditions to Safeguard Fair Competition
EU Approves CMA CGM's Acquisition of Bolloré Logistics with Conditions to Safeguard Fair Competition

The European Commission gave the green light to CMA CGM's acquisition of Bolloré Logistics SE, with conditions, following an investigation into potential competition issues.

Supreme Court Faces Social Media Regulation Debate
Supreme Court Faces Social Media Regulation Debate

The US Supreme Court is tackling two crucial cases that could reshape social media's landscape.

Supreme Court Decision Impacts Labor Dynamics at Port of Charleston
Supreme Court Decision Impacts Labor Dynamics at Port of Charleston

The U.S. Supreme Court declined to hear a case involving South Carolina’s ports authority, leaving intact a ruling that mandates the Port of Charleston to employ an all-union labor force at a new container terminal.

Maersk Expands End-to-End Supply Chain Services
Maersk Expands End-to-End Supply Chain Services

Maersk is expanding its services to cover the entire supply chain, including air cargo operations.

FMCSA's Call for Truck Lease Agreements is Combating Predatory Practices for Driver Safety
FMCSA's Call for Truck Lease Agreements is Combating Predatory Practices for Driver Safety

The Federal Motor Carrier Safety Administration (FMCSA) is requesting lease agreements from truck drivers, especially if they suspect predatory or fraudulent terms.

Ammonia as a Marine Fuel is a Double-Edged Sword for Decarbonization
Ammonia as a Marine Fuel is a Double-Edged Sword for Decarbonization

Ammonia has emerged as a potential marine fuel in the quest for decarbonization, but a study from Chalmers University of Technology in Sweden reveals that this alternative may create new environmental challenges.

Jennifer Joslyn
Previous

President Biden shrugs off Xi Jinping’s concerns about semiconductor production
Next

Senior supply chain professions are mostly concerned with high turnover rates