What Does the Future Look Like for Maritime Shipping?
Trade Article
Prior to COVID-19, maritime transport was responsible for shipping over 11 billion tons of cargo around the world each year. Because of the Coronavirus pandemic, this volume is expected to decrease by 5% or more in 2020, but once conditions return to normal, the United Nations projects steady growth of the industry over the next decade.
January 1, 2020, marked the beginning of a new era for many in the world of fuel and transport as the International Maritime Organization (IMO) marine fuel sulfur cap took effect. The future of maritime shipping has been murky in recent years, as...