Finland's economy is highly dependent on world trade. Due to its geographical location, sea transport is the most significant form of transport in Finland - especially now that trade with Russia has decreased considerably. In 2023, the Finnish foreign trade was just under 230 billion euros, of which almost exactly half was imports and half … Continue reading How did Finnish sea transport volumes look like in 2023?
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Emissions trading is changing shipping
The trading of greenhouse gas emissions in the European Union now extends to shipping. In 2024, shipping companies must buy allowances for 40 percent of their emissions, and in 2027, already one hundred percent. What does it mean? For example, in Finland, it was calculated in 2022 that the costs of trading emission allowances will … Continue reading Emissions trading is changing shipping
Money Guides the Maritime Green Transition
It is often said that ‘the only green the maritime sector follows is the dollar’. The maritime green transition will become true when it is financially justifiable and increases the competitiveness of shipping companies. Environmental regulations In 2018, the International Maritime Organization (IMO) set a goal of reducing greenhouse gas emissions of shipping by 50 … Continue reading Money Guides the Maritime Green Transition
Competitiveness of a maritime cluster
The number of successful companies in a maritime cluster can be considered as a measure of competitiveness of a regional maritime cluster. In order for these companies to settle and also stay in the area, the area must also be attractive, i.e. it must offer resources such as capital, labor, skills and subcontracting opportunities, and … Continue reading Competitiveness of a maritime cluster
Finland’s export’s dependence on sea transport is decreasing all the time – How in the future?
In 2022, only a good half of the value of Finnish exports was transported by sea. The share of sea transport in exports is decreasing all the time, while the share of services is increasing. What will be the need for Finnish sea transport in the future, when the green transition can even make Finland … Continue reading Finland’s export’s dependence on sea transport is decreasing all the time – How in the future?
How did Finnish sea transport volumes look like in 2022?
In 2022, Finland's foreign trade by sea was 95 million tons. The amount varies every year, but in practice, for the last 20 years, foreign trade by sea has remained at the same level. Figure 1. Finland's foreign trade by sea (source: Statistics Finland, Statfin). About 10 percent of this foreign trade was on trucks, … Continue reading How did Finnish sea transport volumes look like in 2022?
The development of maritime safety in the Baltic Sea, how does the war in Ukraine affect it?
Statistics show that major oil accidents in the world's seas and, above all, the amount of oil spilled into the sea have decreased year by year. This information is of course gratifying, but what is the situation in the Baltic Sea? Figure 1. The amount of oil spilled into the sea in oil accidents 1970-2022. … Continue reading The development of maritime safety in the Baltic Sea, how does the war in Ukraine affect it?
Will Santa Claus arrive this year?
A year ago, we were worried to read how global supply chains were at a standstill. Media around the world were writing that Christmas presents would not reach children by Christmas - and that's what really happened in many families. The reason for Santa's problems was the ports. Dozens of huge container ships full of … Continue reading Will Santa Claus arrive this year?