Business A.M
No Result
View All Result
Tuesday, July 14, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Analyst Insight

Adopting new technologies for greener shipping

by Admin
January 21, 2026
in Analyst Insight

By Emmanuel  Jime

Jime is the executive secretary/CEO, Nigerian Shippers’ Council.

 

The International Maritime Organization (IMO) chose ‘New Technologies for Greener Shipping’ as the theme for this year’s World Maritime Day celebration, reflecting the need to support a green transition of the maritime sector into a sustainable future. The celebration brings together the stakeholders in the maritime sector to acknowledge its achievements whilst brainstorming ways to improve the standards in the industry.

 

The introduction of the 0.5 percent sulphur cap by the IMO in a bid to deal with Greenhouse Gas Emissions (GHG) from ships has given rise to concerns on how vessels can comply and how non-compliance will be dealt with around the world. The shipping industry is an important economic sector that contributes to more than 80 percent of global trade.

 

However, according to S&P Global Platts Analytics, the shipping industry currently accounts for between 2 percent and 3 percent of global carbon dioxide emissions and could be 17 percent by 2050 if left unregulated. Our environment is constantly changing, and as it changes, so does the need to become increasingly aware of the problems that surround and affect it. These environmental problems are prompting the need for renewable and sustainable energy across the world. The theme ‘New Technologies for Greener Shipping’ is one that addresses climate change concerns and other conditions that affect the environment due to shipping activities.

 

Ships are crucial to the global economy and over 85 percent of all the goods and services that enter Nigeria come via the seaports. Considering this, any transition to greener fuels could be expensive, and consumers will most likely be at the receiving end due to the huge technological advancement that is required to adapt to this change.

 

The time has come more than ever before to have concerted, deliberate efforts of all concerned authorities towards adopting measures, not only to implement, but also to put in place accompanying measures to cushion the effects of this change. Africa’s maritime sector is bound to be affected by the IMO 2020 targets and one of the key concerns of African states is the availability, quality and supply of low Sulphur fuel and whether refineries would be able to meet new demands.

 

One of the challenges is that Africa’s maritime sector is still developing and will require resources and capacity-building to strengthen institutions which are responsible for incorporating international conventions into local law, implementing the legislation and policing the environmental legislation.

 

I commend the Federal Ministry of Transportation for recognizing the need to create a platform where such important matters that affect not only the Nigerian maritime industry but the global maritime industry and environment at large can be discussed.

 

Finally, the Nigerian Shippers’ Council is committed to ensuring that the added cost thrown up in the implementation of these new technologies does not increase the cost of doing business at the Nigerian seaports.

 

Excerpt from a goodwill message for the 2022 World Maritime Day (WMD) celebration themed ‘New Technologies for Greener Shipping’, 29 September, 2022.

 

__________________________________________________________

  • business a.m. commits to publishing a diversity of views, opinions and comments. It, therefore, welcomes your reaction to this and any of our articles via email: comment@businessamlive.com
Admin
Admin
Previous Post

Migration and demographic dynamics in Africa

Next Post

What leaders could learn from the life of the Queen  

Next Post

What leaders could learn from the life of the Queen  

  • Trending
  • Comments
  • Latest

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

How UNESCO got it wrong in Africa

May 30, 2017
NGX taps tech advancements to drive N4.63tr capital growth in H1

Insurance-fuelled rally pushes NGX to record high

August 8, 2025

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

State

State Police by design

July 14, 2026
NAAPE moves to shield pilots, engineers with loss-of-licence insurance scheme

NAAPE moves to shield pilots, engineers with loss-of-licence insurance scheme

July 14, 2026
Global airlines are investing heavily in economy class cabins as competition for passengers shifts beyond ticket prices to the quality of the travel experience, prompting carriers to modernise fleets, redesign cabins and enhance onboard services in a bid to strengthen customer loyalty and improve long-term profitability. The renewed focus reflects a transformation in the aviation industry, where economy class, despite offering lower fares than premium cabins, remains the largest contributor to passenger volumes and an increasingly important driver of commercial performance. With millions of travellers continuing to prioritise affordability, airlines are finding that modest improvements in comfort and convenience can translate into stronger repeat business, improved customer satisfaction and higher ancillary revenues. As a result, carriers are directing substantial investment towards upgrading economy cabins through newer aircraft, ergonomically designed seats, advanced inflight entertainment systems, onboard connectivity, enhanced catering and improved cabin service. Industry analysts say the strategy is becoming a key differentiator as airlines compete more aggressively for passengers on both regional and long-haul routes. Unlike business and first-class travellers, whose numbers are relatively limited, economy passengers account for the overwhelming majority of airline traffic, making their overall travel experience increasingly central to airlines' growth strategies. Rather than relying solely on fare reductions to attract customers, airlines are seeking to build stronger brand loyalty by improving the value passengers receive throughout their journeys. "Passenger expectations have changed significantly. Travellers increasingly compare airlines based not only on ticket prices but also on comfort, reliability, connectivity and the overall onboard experience," aviation analysts note. Several of the world's leading airlines have already embraced the strategy. Carriers including Singapore Airlines, Qatar Airways, Emirates, Turkish Airlines, All Nippon Airways (ANA), EVA Air and Cathay Pacific have invested significantly in upgrading their economy cabins through improved seating, larger entertainment libraries, enhanced meal services and customer-focused cabin experiences. Although each airline has adopted different approaches, the underlying objective remains the same: making economy travel more comfortable for the largest segment of their customer base while strengthening long-term commercial competitiveness. Fleet modernisation is playing a critical role in that transformation. Next-generation aircraft such as the Boeing 787 Dreamliner, Airbus A350 and Airbus A321neo are enabling airlines to improve the passenger experience while simultaneously lowering operating costs. Compared with older aircraft, these models offer quieter cabins, larger windows, improved air quality, better humidity control and greater fuel efficiency, creating benefits for both passengers and airline operators. The newer aircraft also reduce fuel consumption and maintenance expenses, allowing airlines to improve customer experience without significantly increasing operating costs over the aircraft's lifespan. Technology has emerged as another major area of investment. Features once reserved almost exclusively for premium cabins, including USB charging ports, wireless internet connectivity, mobile application integration and personalised digital entertainment platforms, are increasingly becoming standard in economy class. Passengers are also benefiting from greater control over their travel experience, with digital services allowing them to access entertainment, communicate onboard and manage various aspects of their journeys more conveniently. The growing investment reflects changing consumer expectations in an increasingly digital travel environment. Recent international passenger satisfaction surveys consistently indicate that airlines investing in cabin comfort, inflight technology and customer service continue to perform strongly in global service rankings. While competitive pricing remains an important consideration for travellers, customer experience has become an increasingly influential factor in airline selection, particularly on medium and long-haul routes where comfort plays a greater role in purchasing decisions. The trend is expected to reshape competition within Africa's aviation industry as airlines expand their fleets to meet growing passenger demand.

Global airlines raise economy class spending to win passenger loyalty

July 14, 2026
US

How Vulnerable Are US Financial Markets?

July 14, 2026

Popular News

  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • Insurance-fuelled rally pushes NGX to record high

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • Nigeria agrees with Russia on first nuclear energy plant by mid 2020s

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

State

State Police by design

July 14, 2026
NAAPE moves to shield pilots, engineers with loss-of-licence insurance scheme

NAAPE moves to shield pilots, engineers with loss-of-licence insurance scheme

July 14, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M