The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Buyers in Europe and the US will have to wait longer for their supply of goods, as Chinese factories are forced to reduce production, according to Financial Times.

The US Coast Guard boarded a container ship that dragged its anchor near to a Southern California undersea pipeline that was the source of an oil spill earlier this month.

More working hours in US ports could help ease the burden in the chaotic freight market, says FMC chair Daniel B. Maffei. The entire supply chain is under pressure, according to a debate with participation from World Shipping Council and Kuehne+Nagel, among others.

Think tank InfluenceMap has mapped out how well global companies like Unilever, Ikea and Maersk are performing in terms of meeting climate requirements and whether their words match their deeds. Ambiguous communication stands in the way of Maersk reaching the top, the think tank explains to ShippingWatch.