UNCTAD’s Review of Maritime Transport 2023 calls for a “just and equitable transition” to a decarbonized shipping industry. The sector, whose greenhouse gas emissions have risen 20% over the last decade, operates an ageing fleet that runs almost exclusively on fossil fuels.

The shipping industry is essential for international trade, but it is also an important source of CO2 emissions. To make progress towards climate targets, countries need to monitor CO2 emissions from vessels owned by their ship operator companies.

The Department-related Parliamentary Standing Committee on Transport, Tourism and Culture, present this Three Hundred Fifty-Second Report on 'Functioning of Major Ports in the Country’ . The Committee heard the views of the representatives of the Ministry of Ports, Shipping and Waterways, on the subject on 24th April, 2023.

Shipbuilders lured by a temporary bull market will likely be left stranded as the world transitions away from fossil fuels. They are facing significant risk by overshooting liquefied natural gas (LNG) shipping capacity that is inconsistent with future energy scenarios.

The entire shipping industry must invest urgently in sustainability if it is to withstand future shocks and help prevent another global cost-of-living crisis linked to supply chain disruption, UN trade and development experts UNCTAD said.

Accordingly, the draft Indian Ports Bill, 2022 (“IP Bill 2022”) has been prepared to consolidate and amend the laws relating to ports, for the prevention and containment of pollution at ports, to ensure compliance with the country’s obligation under the maritime treaties and international instruments to which India is a party; take measures for

This report takes a first look at China’s domestic coastal shipping sector and provides recommendations for actionable long-term decarbonization pathways designed to avoid exceeding its current share of transportation-sector CO2.

The COVID-19 pandemic’s impact on maritime trade volumes in 2020 was less severe than initially expected but its knock-on effects will be far-reaching and could transform maritime transport, according to UNCTAD’s Review of Maritime Transport 2021.