Creative destruction

“The history of shipping is full of innovations that have raised some shipping companies and brought others down.” The maritime industry has undergone several revolutions over the centuries. Steam replaced wind as the main power source for ships a century ago, and internal combustion engines followed. Container shipping has been a huge revolution, speeding up … Continue reading Creative destruction

The green transition of maritime transport, where are we now?

The green transition of shipping is not a new thing. As early as 1997, the International Maritime Organization (IMO) began  a discussion on reducing carbon dioxide emissions from shipping. The first regulation regulating the energy consumption of new ships, called EEDI, came into force in 2011. Since then, the IMO's regulations for reducing greenhouse gases … Continue reading The green transition of maritime transport, where are we now?

Smaller ships are already undergoing significant changes

Regional emission targets effectively guide development towards low emissions My doctoral student Riina Otsason defended her thesis on reducing carbon emissions from ships at Tallinn University of Technology just before Midsummer. Her case study Environmental and Techno-Economic Assessment of Decarbonization Pathways for Ships Below 5,000 GT focused on urban and archipelago shipping vessels and other … Continue reading Smaller ships are already undergoing significant changes

The Strait of Hormuz Blockade Has Caused a Global Energy Crisis

The Economist, one of the world’s leading business magazines, wrote a few weeks ago: “Whatever happens in the Strait of Hormuz, energy markets have been changed for ever”. The Strait of Hormuz separates the Persian Gulf from the Indian Ocean. In The Persian Gulf are located the export ports of major oil and gas exporters … Continue reading The Strait of Hormuz Blockade Has Caused a Global Energy Crisis