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The firm's revamped GHG 2.0 Rating product has been revised to bring its methodology in line with the IMO's EEXI regulation.

The shipping industry has long played a significant role in globalisation and international trade, linking businesses and consumers globally. However, as the demand for shipping grows, so have the environmental concerns associated with it. According to the Third IMO GHG Study (2014)1, the shipping industry is estimated to be responsible for 3.1% of annual global CO2 and 2.8% of GHGs on a CO2e basis. These large quantities of pollutants are expected to triple by 20502, raising concerns about their impact on climate change and global health3.

Hyundai Merchant Marine (HMM), South Korea's largest shipping company, has ordered four 38,000-ton heavy-lift ships from China's Huangpu Wenchong.

Norvic Shipping welcomed into the fleet an energy-efficient Ultramax vessel Norvic Copenhagen from Imabari Shipyard.

The maritime industry breathed a sigh of relief as West Coast ports inked a labor agreement. The next challenges: the effects of climate change, a tepid global economy, new environmental regs, and a looming capacity glut.