Author: Bahzad Anwar

Maritime Environment Policy and Law

New Methanol Safety Guidelines Released to Help Shipping Industry Navigate Alternative Marine Fuels

As the global shipping industry accelerates its transition toward cleaner marine fuels, the Maritime Technologies Forum (MTF) has introduced a comprehensive set of guidelines designed to help shipowners and operators develop robust Safety Management Systems (SMS) for methanol-fuelled vessels. Developed in collaboration with BIMCO and other leading maritime organizations, the guidance provides practical recommendations aligned with the International Safety Management (ISM) Code to improve safety both onboard ships and ashore.

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Editorial

Op-Ed: CIPS, Shipping Routes, and the Structural Evolution of Global Trade Finance

Global trade is rarely shaped by rhetoric. It is shaped by tonnage, freight rates, port throughput, invoices, and settlement cycles. Long before political narratives emerge, commercial logic quietly determines outcomes. Financial infrastructure, contrary to popular belief, has almost never led trade; it has consistently followed it. From the gold standard to Bretton Woods, and later the rise of a US-dollar-centric settlement architecture, payment systems evolved in response to where goods flowed and how frequently ships sailed, not the other way around. China’s Cross-border Interbank Payment System (CIPS) should be understood within this historical continuum. It is less a geopolitical declaration than a commercial response to a changing geography of trade. As the Bank for International Settlements has repeatedly observed, payment systems tend to adapt to trade patterns rather than redirect them (BIS, 2022).

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