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Navigating the Storm: Russia’s Resilient Shipping and Transportation Industry

Shifting Tides in Russian Shipping The Russian shipping and transportation sector has undergone significant changes due to tighter sanctions and the departure of central logistics and transport companies. The Russian-Ukrainian military conflict in February last year impacted the market negatively, but it also presented growth opportunities for domestic businesses to replace foreign competitors. Maxim Tolstobrov, […]

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Recovery on the Horizon: Global Freight Volumes Inch Towards Stability

Global freight volumes show hints of reaching their lowest levels in Q1 2023, suggesting the industrial cycle may be approaching its nadir. This development provides possible support to oil prices later in 2023. A Glimpse of Improvement The Netherlands Bureau of Economic Policy Analysis reports a 1.1% decline in global freight volumes during the first

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The Maritime Revolution: Unlocking the Potential of Europe’s Blue Economy

The Growth of Maritime Transport in the EU The EU Blue Economy Report’s sixth edition highlights the rising importance of maritime transport within the European Union. Accounting for 74% of the goods traded to and from the EU in 2021; it demonstrates that maritime transport is the most carbon-efficient mode of transport, producing lower greenhouse

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Battery Tankers: Powering the Future of Renewable Energy Transmission

A groundbreaking Japanese project has released design details for its innovative battery tankers, set to revolutionize the renewable energy sector by forming the basis of a power transmission network. These vessels will efficiently distribute green energy generated in high-potential regions to areas with greater demand. The ambitious venture builds on earlier proposals from Japanese startup

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Celebrating National Maritime Day: Honoring the Heroes of American Maritime

National Maritime Day: A Historical Tribute Every year on May 22, the United States commemorates National Maritime Day. This day was designated in 1933 to pay tribute to the SS Savannah, which embarked from Georgia to England in 1819, becoming the first steam-powered ship to traverse any ocean successfully. The US Merchant Marine: Pillar of

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G20: Catalyzing Funding for the Blue Economy Transition

The G20 has the power to accelerate funding for the blue economy shift by exploring innovative financial instruments like debt-for-nature swaps, blue bonds, and outcome-based payments. With India’s G20 presidency, a Think20 engagement group has been established to address how sustainable development goals can be achieved. Closing the Biodiversity Finance Gap To reach the Global

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Florida Maritime Industry: A Major Economic Driver and Provider of National Security

Celebrating National Maritime Day in Florida On May 22, National Maritime Day, Florida Secretary of Commerce Laura DiBella met with representatives from the American Maritime Partnership (AMP) and the Florida Maritime Partnership in Jacksonville. Together, they acknowledged the significant economic contributions the more than 65,000 men and women of the American maritime industry bring to

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