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Finding the right green fuel in quantities needed is the problem facing shipowners today

Imagining the world as Klaus Schwab and his World Economic Forum (WEF) would like it to be, one finds it takes shape rather like George Orwell's world of Big Brother's Inner Party and Outer Party, but brightened by a forced cheeriness of Aldous Huxley's drugged-out Brave New World.

There's lot to imagine. Sometimes Deep State schemers go a bridge too far when acceptance of transgenderism is blocked by popular revulsion, when the designated hero, Bud Light's sexually indeterminate Dylan Mulvaney is viscerally rejected and reviled by beer drinkers worldwide. But the means of national independence, via legislative power have been dissipated and usurped by civil servants and state-created NGOs, ie, the Deep State, aka the administrative state.

Coping with blocked Suez Canal: An issue we have dealt with before, though this time with containers

In response to the escalating Red Sea crisis, leading online container logistics platform Container xChange has issued a comprehensive report detailing the far-reaching effects on container trading and leasing rates worldwide.

The report explores the intricate dynamics of the crisis, shedding light on the unprecedented surge in container prices and leasing rates, as well as the ripple effect on global trade routes.

Looking through the glass darkly, German insurance giant is gloomy, but the worst is not the surest

German insurance giant Allianz's summary of the current state of world maritime affairs is that shipping is increasingly subject to growing volatility and uncertainties from war and geopolitical events, climate change risks, such as drought in Panama and the resurgence of piracy off Somalia.

In one sense all seems connected to difficulties in the Suez and Panama canal - one serious the other not so much. The problem with Panama, that of low water levels, is really simply a reduction in throughput - something that will fix itself over time, perhaps even within the current rainy season.

New regulation leaves owners and operators holding fuel liability risks

Greater regulatory demands and penalties for non-compliance - affect shipowners and shipmanagers from January 2025 in the shape of Europe's FuelEU Maritime.

Implementation brings an accountability dilemma for shipping as it is the Document of Compliance (DoC) holder who will be responsible for fuel selection, and could therefore face penalties - contrary on the ‘polluter pays’ principle.

 

China Trade Specialists

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