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Japanese earthquake could cost $3.4 billion a day in lost seaborne trade.

Panama saves whales and protects world trade.

Vietnam, China trade accusations after Vietnamese fishing boat sinks.

Kenya urges Africa to expand ports to spur maritime trade.

Iranian Warships Repel Pirates' Repeated Attacks on 5 Trade Vessels.

Container shipping rise bodes well for world trade.

Workers dig round the clock on Suez Canal expansion, hoping for surge in East-West trade.

UK Ports Unveil Huge Post-Brexit Trade Plan.

Mike POMPEO Says Melting Sea Ice Opens 'New Passageways' For Trade.

About 90% of global trade is moved by cargo ships which are collectively responsible for about 2.2% of the world's total Green House Gas (GHG) emissions (similar to that emitted by international aviation).

About 90% of global trade is moved by cargo ships which are collectively responsible for about 2.2% of the world's total Green House Gas (GHG) emissions (similar to that emitted by international aviation).

Will ships without sailors be the future of trade?

European Shipowners Welcome CO2 Emissions Trading.

Invasive species are spreading into northern latitudes and threatening food and water security. Alaska's aquatic environments support some of the world's most productive wild salmon fisheries. Yet, the influx of invasive species increases the strain on the ecosystems, cultures, and economies that depend on these fisheries. Especially worrisome is the potential transmission of aquatic invasive species (AIS) such as zebra mussels (Dreissena polymorpha), quagga mussels (Dreissena bugensis), or Asian clams (Corbicula fluminea) through the trade and traffic of recreational watercraft from AIS-infested regions. Since neither invasive mussels nor clams have been found in Alaska waters, there is opportunity to prevent introductions of invasive molluscs and avoid catastrophic impacts to some of the world's last intact ecosystems. To date little data are available to guide human response to reducing the risk of transmitting freshwater AIS that affect critical natal habitat for Alaska's salmon fisheries. This study triangulated existing data on watercraft registrations and inspections with key informant interviews to establish a first estimate of introduction rates for watercraft-related AIS. Results show that at least 129 used and motorized watercraft are estimated to enter Alaska annually from dreissenid-infested regions with an estimated 47 reaching Alaska freshwater uninspected. These watercraft are entering Alaska through both land and marine pathways. The study points toward the need for a collaborative response among state, federal, tribal, and local agencies, and watercraft owners to devise effective prevention. Response opportunities include inspections and decontaminations at critical control points, and an increased outreach and education campaign for watercraft users. Policy implications for salmon fisheries are discussed should AIS become established in Alaska. Also, the costs, and the long-term sustainability of a prevention program are discussed.

Excessive CO2 emissions and increased total costs of liner shipping are the two main problems affecting the environmental and economic benefits of liner companies under the European Union Emission Trading System (EU ETS). To address the upcoming EU ETS, we propose a carbon and cost accounting model for liner shipping that accurately calculates CO2 emissions and total cost of liner shipping. We conduct a case study that a containership operates on the liner route from the Far East to Northwest Europe. The results show that the sailing stage plays a pivotal role in CO2 emissions from liner shipping, accounting for 94.70% of CO2 emissions. Among four types of fuel, CO2 emissions from liner shipping using MGO is the largest, while CO2 emissions from liner shipping using methanol is the smallest. Methanol, as an alternative fuel, proves to be a better choice than LNG for CO2 control of liner shipping. The relationship between sailing speed and CO2 emissions follows a U-shaped curve for the selected containership. Notably, speed reduction is effective in carbon control of liner shipping only when the sailing speed exceeds 8.29 knots. Under the EU ETS, sailing speed is a key variable affecting the total cost of liner shipping. Speed reduction may not always be cost-effective. When keeping the total cost of liner shipping unchanged, sailing speed should be reduced as the EU allowance (EUA) price rises within a certain range. For the selected containership using MGO and HFO, the most economical sailing speed is 8.29 knots, corresponding to the increase in EUA price of 304.95% and 261.21%, respectively. If EUA price continues to rise, speed reduction will become ineffective in controlling the total cost of liner shipping. This model can enhance the environmental and economic benefits of liner companies, meet compliance requirements of the EU ETS, and provide a new perspective for carbon and cost control of liner shipping.

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EUROPEAN UNION lawmakers in their three legislative bodies - Council of Europe (member state leaders), European Commission (civil servants) and Parliament (elected members) - are moving to include shipping in their carbon emissions tax scheme rather than wait for the UN to devise global rules, a course the shipping industry prefers.

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