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global Sea Cargo

The global Sea Cargo consists of the shipping of goods from one destination to another. This includes Bulk dry carriers, Container ships and more. However, there are some new environmental regulations affecting the industry.

Container ships

If you've never been on a container ship, you might not realize how important they are to the global economy. They can move goods from one end of the world to the other in just a few days. When you think about how this type of transportation affects the economy, it's easy to see why the business is doing so well. One of the most important reasons for the boom is the growth of export-driven economies in Asia. In the last few years, the number of cargo containers shipped has gone up because of these markets. As container shipping companies got a bigger share of the market, ports all over the world started to upgrade their equipment and buildings to fit the bigger ships. So, there was more demand for transporting goods on global transport.

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Impact of new environmental regulations

The marine sector is considering new environmental restrictions for international sea cargo this year. As an illustration, the International Maritime Organization (IMO) has specified that by the year 2020, ships must keep the sulfur content of their fuel oil to a maximum of 0.5 percent by weight. The European Union will also start taxing ships in 2023 for carbon pollution. A global shipping emission inventory has been created as a result of a recent study by scientists from the Massachusetts Institute of Technology (MIT) and the Hong Kong University of Science and Technology. The study was funded by the MIT Joint Program on Science and Policy of Global Change. To calculate the consequences of various actions, researchers applied the data to an atmospheric chemistry and transport model. They discovered that a global price on greenhouse gas emissions had the biggest impact.


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