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The Global Shipping Industry is not on track to meet 5% of zero-emission fuel target by 2030

At the recent Global Maritime Forum's annual summit in Athens held from 17-19 October 2023, the latest assessment finds that current scalable zero-emission fuel (SZEF) production in the pipeline would cover just a quarter of the fuel needed by 2030.

Earlier in July 2023, the International Maritime Organisation has revised its greenhouse gas (GHG) strategies and targets, which includes the uptake of zero or near-zero GHG emission technologies, fuels and/or energy sources which are to represent at least 5%, striving for 10%, of the energy used by international shipping by 2030. The end goal is to reach net-zero emissions by 2050. Based on the latest assessment launched at the Global Maritime Forum's annual summit, the global shipping industry is not on track to meet 5% of zero-emission fuel target by 2030.

The global shipping industry accounts for over 80% of the world's trade volume and about 3% of the world's greenhouse gas emissions, with emissions increasing by 20% in just a decade and with forecasted further emission growth up to 30% by 2050. There is an urgent need to decarbonize the maritime transport as soon as possible, while ensuring economic growth. Due to the huge investment costs involved, maintaining the right balance is not an easy feat. While the shipping lines are in transition to cleaner fuels, this switch is still in the early stages and, as high as 99% of the global fleets are still reliant on the conventional fuels. While some of the newer vessels are designed for alternative fuels, the current delivery and orders of such orders are only one-fifth of the requirements to meet the mid-term goals.

The shipping lines have been explicit that the decarbonization costs will be passed on to shippers, who generally accepts that the decarbonization efforts would result in the increase of freight rates. However, there are different expectations between the carriers and the shippers, and lack of transparency on the increased surcharges, which would have to be mitigated in the long run.

With the unprecedented challenges already faced by the global shipping industry, the increase in fuel costs, along with the global economic slowdown would post a major challenge for the industry.

Country Focus – Slovenia

Slovenia, Koper

HIGHLIGHTS

Globelink EG Sol Slovenia, is a market leader NVOCC business in Slovenia. The Slovenian Port of Koper is situated at the point, where the Mediterranean most deeply penetrates into the European continent. Its localization in the north of the Adriatic Sea, between Italian and Croatian borders, make it a strategic point. In addition to Slovenia, harbour's other inland markets include: Austria, Italy, Hungary, the Czech Republic, Slovakia, Bavaria, Poland and the former Yugoslavian countries. These can be reached by the A1, A3 and A11 motorways and over 20 international regular railway connections. Koper is also a port of call for many liner container services from the Mediterranean Sea, Far East and North America. In addition to the aforementioned regions, Africa, Carribean and North Sea are linked with the Slovenian harbour. Port Koper become a leading port operator and global logistics solutions provider for the countries of Central and Eastern Europe.

Globelink Slovenia offices:
• Skofja Loka (Head office)
• Koper

Globelink Slovenia operates own CFS and customs bonded warehouse. With unique procedures and flexibility, Globelink differentiates ourselves from competitors. Being AEO (Authorized Economic Operator) certified makes Globelink Slovenia a reliable partner in logistics chain.

COMPREHENSIVE SERVICE COVERAGE

Globelink Slovenia is ready to offer customers international sea freight, air freight and other logistics services between all countries in Central Eastern Europe and any part of the world. We have a reliable container network with direct sailing to many destinations worldwide.

Fast entry of goods into the EU: flexibility, smooth work during weekends including service of inspections and customs, simplified custom clearance.

Globelink Slovenia is focused to Central Eastern Europe market and offering customers over 30 DRY ports in the region as CFS stations where customers can pick up their cargo.

Another very important solution is Fiscal import clearance in Koper for EU customers. In this case customer can request door delivery with Globelink Slovenia's daily connections to all major countries in the region.

NICHE TRADE LANES

In addition, Globelink Slovenia also offers services to niche destinations as below:
• Pristina - Kosovo
• Tirana - Albania

IT CAPABILITIES THROUGH THE WEB PAGE

Globelink Slovenia website (https://www.globelink-slovenia.com/) seeks to provide the right tools to offer our customers more convenient LCL solutions. Our IT capabilities through the website include:

• Comprehensive Track and Trace system
• LCL quotation tool

The Track and Trace system allows full traceability of export operations, from origin to destination, and ensures the safe delivery of your cargo. Customers will be able to access pictures of their cargo just 30 minutes after it has been delivered into our warehouse and also able to inform them if the end user has removed the goods from the destination warehouse. These unique features distinguish Globelink Slovenia as the market leader at the forefront of technologies development amongst the maritime neutral consolidators in Slovenia.

The LCL quotation tool allows forwarders to obtain a quick, accurate and customized quotation for any Import or Export service. Users can customize the quotations with their company logo and include any other information they require such as sailing schedules, LCL rates and contact details of agents/Globelink offices. This customized quotation can then be passed on directly to the final client.

• For Export service, the tool is also able to provide a fast door (Ex-works) quotation online. Forwarders can then make bookings online and receive shipping instructions and confirmation directly via email.
• For Import service, forwarders can also obtain a schedule with information on the devanning/stripping of the container.

For more information, you may contact our respective Globelink Slovenia offices:

Globelink EG Sol Ltd Slovenia (Skofja Loka – Country Head Office)
Kidriceva 92
4220 Skofja Loka, Slovenia
Ph: +386 4 5024200
Fx: +386 4 5024209
Email: [email protected]

Globelink EG Sol Ltd Slovenia (Koper Office)
Vojkovo nabrežje 30
6000 Koper, Slovenia
Ph: +386 5 850 11 31
Fx: +386 4 5024209