Finnish shipping industry is supported with tens of millions of euros annually. In order for the Finnish maritime cluster to continue to develop, maritime subsidies should be refined towards innovation and eco-efficiency, and security of supply should be considered separately. Subsidies to shipping, the export industry or security of supply?The Ministry of Finance states in … Continue reading Subsidies for maritime security of supply do not recognize the risks of long supply chains and the changing world
There is hardly anything in logistics and maritime transport that has had so rapid development last decades, as digitalisation. Big data, cloud computing, blockchain, autonomous shipping, IoT (Internet of Things), robotics and Artificial Intelligence (AI) are transforming maritime into something we have not seen before. Automation of vessels has been discussed widely recently. However, the … Continue reading Digitalization, blockchain and IoT in maritime transport
Year 2021 was very important for European shipping in its path to zero-emission targets. This year, in June 2021, International Maritime Organisation (IMO) decided on measures to reduce the carbon intensity of shipping by 11% between 2019 and 2026, and that total annual greenhouse gas (GHG) emissions from international shipping should be reduced by at … Continue reading Six steps to reach carbon-free shipping
The coronavirus pandemic hit maritime transport in many ways. Cargo traffic has experienced surprising ups and downs, including the current difficulties that major international ports are experiencing in serving their customers, which has in turn led to an almost worldwide shortage of containers. Very few problems have been seen in cargo traffic in Finland, although … Continue reading Passenger traffic is recovering rapidly from the pandemic, but there are new challenges ahead
Recently, there has been a lot of discussion in the public about LNG-powered ships, which were believed to be a low-emission solution for maritime transport. But according to measurements, they are not. Low-pressure LNG engines emit methane, which a much stronger greenhouse gas compared to CO2. First, let's go back a little bit in history. … Continue reading Is LNG an environmentally friendly fuel for shipping?
The challenges for the Finnish export industry are the long distance to the market and thus high logistics costs. Would port competition help reduce logistics costs? The basic idea of a market economy is that competition between companies creates prosperity. When companies compete with each other, they streamline their operations and serve their customers according … Continue reading Is there competition between ports in Finland?
The International Chamber of Shipping (ICS) proposed yesterday that shipping worldwide should be carbon neutral by 2050 This is a significant tightening on the previous target level. To date, the UN 's International maritime organisation IMO, which regulates world shipping, has set a target that greenhouse gas emissions from shipping should be halved by 2050 … Continue reading Shipping companies want themselves to tighten their emissions targets
The logistics industry is in turmoil. An export container to Asia or an import container from Asia costs many times more than a year ago. In addition, security of supply has deteriorated and delivery times can be very long. The reason is the lack of containers. The world simply does not have enough containers to … Continue reading The logistics industry is suffering from a shortage of containers, but container shipping companies are making a top result – The basics of maritime economics 1