In order to achieve carbon neutrality in the future, the shipping industry needs to explore the commercial development of new fuels, and work is well under way. Synthetic fuels, ammonia, battery installations and hydrogen fuel cell solutions are battling for position.
The Dogger Bank offshore wind project off the coast of the UK is progressing, with the SSE Renewables and Equinor joint venture firming up agreements with key suppliers. Other offshore wind developments off the coast of the UK are also moving at pace.
On June 5, 2017, the UAE, Bahrain, Saudi Arabia and Egypt suspended all land, air and sea links with Qatar. Three years on, Qatar Airways is seeking compensation but the project logistics market has proven to be resilient.
A petition filed by Wisconsin-based crane manufacturer Manitowoc Company in late December has sparked an investigation by the US Department of Commerce into whether the import of mobile cranes into the USA threatens to impair national security and harm domestic manufacturing.