Climate Change

Liner Shipping Reduces Sailing Speed Amid Environmental Concerns and Changing Market

As the COVID-19 pandemic recedes, global shipping is experiencing a shift in operations.  According to the world’s largest shipping association, BIMCO, liner operators increased average sailing speeds by up to 4% during the pandemic to accommodate strong demand and port congestion. In contrast, the first quarter of 2023 saw a 4% year-over-year decrease in average sailing […]

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