Two bicameral bills were introduced in Congress on March 11 to incentivize the maritime and shipping industries to transition to hydrogen power. “As we grapple with energy affordability and our responsibilities to the future, we need to encourage energy innovation and pursue an ‘all-of-the-above’ approach,” Rep. Gus Bilirakis (R-Fla.) said in a statement. “Hydrogen fuel…

Two of the biggest container lines in the world, the Mediterranean Shipping Company (MSC) and Maersk, have announced the temporary suspension of shipping activities to and from Russia after the country was subject to international sanctions and other isolating measures. The MSC suspension came into effect on March 1 and will cover all access areas…

Shipping companies have registered a record $150 billion in profits with prices rising nearly 10 times while small business owners claim that the major container lines are exploiting their monopolistic positions to charge exorbitant fares. In 2021, the spot rate for a 40-foot container from Asia to the United States was priced at over $20,000…

Shipping companies have registered a record $150 billion in profits with prices rising nearly 10 times while small business owners claim that the major container lines are exploiting their monopolistic positions to charge exorbitant fares. In 2021, the spot rate for a 40-foot container from Asia to the United States was priced at over $20,000…