The Silent AI Revolution in Shipping

Without a doubt, the ongoing technological developments brought on by the emergence of AI changed how we live, work and conduct our daily business. However, the technical applications and advantages of industry-specific AI tools in various business areas has received far less media attention and academic research compared to the vast volume of material publicized on the social, political and macroeconomic effect of generative AI tools, such as ChatGPT. Studies on the application of AI to shipping are particularly rare. Munim et al. found only 56 articles when conducting a keyword search in the literature on the ISI Web of Science database. Therefore, this article will attempt to summarize the various uses of specific AI tools in maritime logistics and explore their potential benefits.

The Black Fleet: An Introduction to Shipping Sanctioned Oil in 2023

It has been precisely 371 days since a G7 oil cap took effect limiting the price levels at which Russian oil could be bought and sold in the world’s largest economies, finally agreeing in the fifth of December in 2022 on measures designed to punish Moscow for the invasion of Ukraine and to cripple an industry that fuels the Russian war effort in Ukraine. But, widely discussed is the efficiency of achieving these goals themselves.

Ammonia: The Fuel of the Future

Overall control and reduction of global greenhouse gas emissions of the maritime industry, regulated by the IMO (International Maritime Organization), encourage the development of low-carbon or carbon-neutral fuels. During the past years, such efforts have resulted in the increasing adaptability of a number of green fuel solutions that aim for better sustainability, and efficiency and encourage innovation. The most commonly used alternative fuels are Liquified Natural Gas (LNG), Liquefied Petroleum Gas (LPG), hydrogen (H2), ammonia (NH3), methanol (CH3OH), and biofuels.

The role of finance and climate regulations in the maritime shipping industry

This article summaries the main aspects of the event “Maritime financing – An exploration of the role of finance in the shipping industry” in which the speakers answered some crucial questions regarding the world of maritime shipping and the role that finance plays in it, paying attention to the topics of shipping decarbonization and emissions regulations.

COVID-19 as a cause of congestions and delays in firms’ supply chain

The last two years will be remembered in history books as the Covid-19 pandemic, when all over the world people were forced to stay at home and limit human contact. These restrictions pursued by governments in order to fight the virus will remain in our minds as the main detrimental effect that Covid-19 had on our society. However, some consequences were not so simple to be detected but still represent concerns that will demand attention by authorities in the next future.

China’s New Silk Road, The Middle East, and Covid-19

Long before the discovery of the New World and roundness of the Earth, it was the Silk Road that connected the East and the West economically, culturally, and politically. The famous travels of Marco Polo were also set through this route. For almost 2 thousand years, from the 2nd century BCE to the 18th century, this road was the largest trade network in the world. Now, after more than 200 years, China is willing to make the Silk Road great again!