Zencargo Market Update: 2nd October 2023
Oct 02, 2023
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Oct 02, 2023
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The United Nations Conference on Trade and Development (UNCTAD) highlights the urgent need for a fair transition to a decarbonised shipping industry, focusing on cleaner fuels, digital solutions, and equitable changes.
Shipping is responsible for 80% of global trade volume and 3% of global greenhouse gas emissions.
According to UNCTAD, the transition to cleaner fuels is in its early stages as 99% of the world’s global fleet is still reliant on conventional fuels. However, 21% of vessels on order are designed to run on alternative fuels.
UNCTAD’s appeal for a fair and equitable shift towards a low- and zero-carbon future in the global shipping industry aims to secure widespread commitment and regulatory measures to address the growing environmental issues confronting the maritime sector.
If you’re interested in how sustainable regulations will affect the shipping industry, have a listen to our most recent episode of Freight to the Point. We’ve featured David de Picciotto, CEO and Co-founder of Pledge to get his insights on how sustainable regulations impact shippers and businesses and the consequences of not being compliant.
Listen to it here.
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European Bank Holidays
We anticipate a shortage of availability and the occurrence of delays around the bank holiday periods. Plan ahead and allow extra time for your products to be delivered.
Oct 3 – Germany
Oct 5 – Portugal
Oct 9 – Spain*
Oct 10 – Austria*
Oct 12 – Spain
Oct 23 – Hungary
Oct 26 – Austria
Oct 28 – Cyprus, Czech Republic, Greece
Oct 30 – Ireland (Eire)
Oct 31 – Germany*, Slovenia
Nov 1 – Austria, Belgium, Croatia, France, Germany*, Hungary, Italy, Lithuania, Luxembourg, Poland, Portugal, Slovakia, Slovenia, Spain
Nov 2 – Belgium*, Lithuania
Nov 4 – Finland, Sweden
Nov 9 – Spain*
Nov 11 – Austria*, Belgium, France, Poland
Nov 15 – Austria*, Belgium*
Nov 17 Friday Czech Republic, Slovakia
Nov 18 – Croatia, Latvia
Nov 20 – Latvia
Nov 22 – Germany*
Nov 30 – Romania
*Not in all regions
The information that is available in the Weekly Market Update comes from a variety of online sources, partners and our own teams. Click below to learn more about how Zencargo can help make your supply chain your competitive advantage.
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