World Shipping Council

It doesn't seem to matter.

And so I think thanks in large part to the International Trade Associations, we are a member of the International Chamber of Shipping, but there's BEMCO, there's the World Shipping Council, there's CLIA with the cruise ships.

Collectively, they've come together and every new twist and turn, for example, in the Straits of Hormuz issue, we try and get together, interact with the IMO and try and find a solution together.

to get trapped seafarers out of a war zone.

More than 500 dual-fuel container ships and vehicle carriers are operating around the world, with the total investment in dual-fuel ships, both delivered and on order, surpassing $200 billion.

Now, that's according to data from the World Shipping Council, released this week.

It's from the group's Dual Fuel Fleet Dashboard.

The report shows 503 dual fuel ships in use as of September, and that's up more than 40% compared to the same time a year ago.

And that's happening amid uncertainty over global greenhouse gas regulations.

There are calls for greenhouse gas measures that would help close the cost gap between conventional and alternative fuels, and it would also provide clear, consistent rules for international shipping.

Green fuels cost three to four times more than conventional fuels, according to the World Shipping Council data.

Right now there's no formal guidance on those issues, but the World Shipping Council and others say the lack of a framework means the industry risks facing a patchwork of regional emissions regulations that will add both cost and complexity to global trade.

And I think in the last four or five years, the various shipping associations have become more professional, have put more resources, more time, into putting across their key points, their case, and lobbying with appropriate people.

And I know, you know, certainly from on the container shipping side with the World Shipping Council, which all the CEOs directly get involved with, and a number of us have been co-chairs or chairs of in the past, we've really made a big effort now to put more resources and time into that.

So the World Shipping Council on the container shipping side has really strengthened itself.

It has an active and very vibrant involvement in the Americas, in Europe, in Asia.

We've increased the number of executives in the team.