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European legislators agreed Thursday to an ambitious deal on cutting shipping emissions and accelerating the switch to green maritime fuels, with 80 percent of emissions to be cut by 2050.&nbsp; European Parliament rapporteur&nbsp;Jörgen Warborn described the agreement as “the world’s most ambitious path to maritime decarbonization.”&nbsp;&nbsp; “No other global power has drafted such a comprehensive framework to tackle maritime emissions,” Warborn said in a statement. “This is truly ground-breaking.” &nbsp; The&nbsp;provisional agreement between the European Parliament and European Council negotiators sets out a fuel standard for ships that steadily increases the use of renewable and low-carbon fuels to lower emissions.&nbsp;...

The provisional agreement between the European Parliament and European Council negotiators sets out a fuel standard for ships that steadily increases the use of renewable and low-carbon fuels.

Container shipping

Container lines

Europe agrees to ‘ground-breaking’ shipping decarbonization deal 

Ocean carriers’ schedule reliability rose in April amid falling volumes 

Market headwinds push CMA CGM Q1 revenue, profit sharply lower

CBP rules US chassis manufacturer evaded tariffs on China-sourced parts

Shippers bemoan lack of progress in ocean visibility despite heavy investment 

Hydrogen-driven barge debuts on Europe’s inland network 

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The port congestion in Asia and North America that compromised vessel on-time performance during the pandemic began to ease last fall with declining cargo volumes, and the reliability improvements have accelerated since. 

The carrier's CEO said inflation and destocking in global markets heralded a “phase of normalization” for container shipping.

The ruling could place an additional burden on US chassis manufacturers to ensure their subcontractors are using US materials or paying duties on parts from China. 

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Ocean carriers’ schedule reliability rose in April amid falling volumes

Market headwinds push CMA CGM Q1 revenue, profit sharply lower

CBP rules US chassis manufacturer evaded tariffs on China-sourced parts