Navigating the marine and logistics insurance sector can be a daunting task due to its inherent complexities and the potential for significant financial losses. SUM Insurance, led by industry veterans, offers specialized insurance solutions tailored to the unique needs of this sector. This article
In a rapidly evolving logistics landscape, Kuehne+Nagel's recent decision to acquire a controlling stake in IMC Logistics could potentially mark a significant strategic move aimed at bolstering the company's market presence and service capabilities. This acquisition aligns seamlessly with
The ongoing labor dispute between the British Columbia Maritime Employers Association (BCMEA) and the International Longshore and Warehouse Union (ILWU) Local 514 has led to a significant lockdown of Canada’s western ports. This conflict has caused major disruptions in port operations and affected
Candela, a Swedish startup, is making waves in the maritime industry with its groundbreaking electric hydrofoil technology. In 2024, the company secured a Series C funding round of $40 million, including a recent $14 million investment led by SEB Private Equity. This financial boost is set to
In a significant move towards enhancing decarbonization compliance within the shipping industry, the FuelEU Maritime (FEM) regulation introduces stricter greenhouse gas (GHG) intensity requirements, which are set to take effect in January 2025. This new regulation is expected to not only reshape
Over the past six years, the maritime industry has witnessed a significant surge in orders for dual-fuel ships, marking a notable shift towards decarbonization and future-proofing fleets. According to data from Veson Nautical, the proportion of container vessels equipped with dual-fuel engines has
