
A landmark new report The Value of Shipping 2025 from the UK Chamber of Shipping reveals the powerful economic, social, and environmental contributions of the shipping industry to the UK.
The Value of Shipping 2025 report shows that:
– The UK shipping industry employs over 98,000 people directly and supports over 728,000 jobs across the wider economy. Continue reading “The Value of Shipping 2025: the industry’s vital role in powering global trade”
Demand for advanced propeller retrofits and energy saving devices (ESDs) has nearly quadrupled since 2020 as shipping owners and operators look to enhance energy efficiency to meet tightening emissions regulations. However, according to a new Lloyd’s Register (LR) report: Energy saving devices retrofit report: Applying advanced propeller designs to ships, while high-efficiency propellers can deliver fuel savings of between 3-10%, and popular devices such as rudder bulbs can achieve 3.5% reductions, only 1.74% of the global fleet currently features the rudder bulb, the most popular device, from newbuild. 



The Panama Maritime Authority (PMA) has implemented an additional safeguard called Precheck, a screening process that aims to ensure only compliant vessels join the Panama Ship Registry. The Precheck process involves a thorough risk assessment of various aspects related to the vessel, its owner, operator, and/or charterer before applying for the entry into the Panama Ship Registry to ensure that the vessel meets the international standards regarding safety, environmental protection, crew welfare, and to promote cooperation and best practices in the maritime industry.



