In the last 2 years, there has been a significant upswing in oil prices, leading to a decline in economic activity and demand. This trend holds substantial implications for the global economy, particularly within the emerging business landscape. Among the influential risk factors impacting the returns of shipping stocks, none looms larger than the volatility in oil prices.
View Article and Find Full Text PDFThis study analyzes the impact of ASEAN's goal of achieving carbon neutrality by 2050 on climate change and coastal ecosystems by examining carbon emissions and energy usage from 2019 to 2050 using different scenarios to reduce emissions and meet global temperature goals. This research proposes strategies to reduce carbon emissions and mitigate climate change effects on coastal ecosystems, focusing on evaluating CO emissions from ASEAN's coastal shipping sector. Geospatial data was used to analyze ship activity and develop carbon neutrality strategies.
View Article and Find Full Text PDFCoastal ecosystems are facing heightened risks due to human-induced climate change, including rising water levels and intensified storm events. Accurate bathymetry data is crucial for assessing the impacts of these threats. Traditional data collection methods can be cost-prohibitive.
View Article and Find Full Text PDFCoastal ecosystems play an important part in mitigating the effects of climate change. Coastal ecosystems are becoming more susceptible to climate change impacts due to human activities and maritime accidents. The global shipping industry, especially in Southeast Asia, has witnessed numerous accidents, particularly involving passenger ferries, resulting in injuries and fatalities in recent years.
View Article and Find Full Text PDFThe International Maritime Organization has set a goal to achieve a 50% reduction of total annual greenhouse gas emission related to the international shipping by 2050 compared to the 2008 baseline emissions. Malaysia government has taken an initiative to investigate the assessment (cost-effectiveness) of this International Maritime Organization's short-term measure on Malaysian-registered domestic ships although this measure is only for international merchant ship. To achieve this, this paper collected the ship's data from the shipowners from 25 sample ships.
View Article and Find Full Text PDFPort State Control (PSC) is the inspection of foreign ships in national ports assists in the removal of substandard ship commerce from the global sea and ensures that no ship poses a threat to maritime safety and the marine environment. When a clear ground is discovered during an inspection, the inspector has the authority to detain the ship until the flaws are corrected in order to assure safety and reduce pollution hazards. This paper adopted a traditional literature review method using the selected six (6) years data from the inspections conducted by maritime authorities from 2016 to 2021 and incorporate with qualitative and quantitative analysis to ascertain the influence of each risk factor on the number of arrests, including the relationship between risk factors and the type of detain deficiency, which is a critical part of the study.
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