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
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 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
“In the next 20 years the maritime industry must rebuild its cargo fleet. If this is done with the radical technologies now available, it will lead to the biggest change in ship design since steam replaced sail in the 19th century”, writes Martin Stopford, the world’s most important maritime economist. The International Maritime Organisation (IMO) … Continue reading Environmental views on shipping, part 2: reducing exhaust gas emissions