Around 90% of global goods are transported by sea. And while just approximately 5% of that travels directly through the Strait of Hormuz, Iran's effective closure of the key passage is having a ripple effect,

Calling it a “European-led neocolonial export of global climate regulations,” the Trump administration has threatened new measures against nations that vote for mandatory greenhouse gas (GHG) limits on international shipping and establishes a pricing ...

Nations are trying to reach an agreement to charge commercial vessels a fee for their emissions in what would effectively be the world’s first global carbon tax. The International Maritime Organization, which regulates international shipping, set a ...

As tensions continue in the Middle East, the impact is now spreading beyond land and into global shipping lanes, with the Strait of Hormuz emerging as the epicentre.

The U.S. has succeeded in blocking a global fee on shipping emissions as an international maritime meeting adjourned Friday without adopting regulations. The world’s largest maritime nations had been deliberating on adopting regulations to move the ...

Nearly 200 shipping companies said Monday they want the world’s largest maritime nations to adopt regulations that include the first-ever global fee on greenhouse gases to reduce their sector’s emissions. The Getting to Zero Coalition, an alliance of ...

The International Maritime Organization held its latest round of negotiations to discuss how to move forward on the climate regulation of the shipping industry. Campaigners said growing support for the world's first-ever global emissions levy meant it was ...

Blockchain technology, initially developed as the backbone of cryptocurrencies like Bitcoin, is now making waves in the shipping industry. With its ability to provide secure, transparent, and tamper-proof records, blockchain is poised to revolutionize ...