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Home > All news > International News, Shipping > Shipping industry could lose $10 billion a year battling climate change by 2050

Shipping industry could lose $10 billion a year battling climate change by 2050

November 1, 2023
Reading Time: 2 minutes
Dredge ship in the Mississippi River combating low water levels due to climate change.
Dredge ship in the Mississippi River combating low water levels due to climate change.

Singapore - Severe drought has caused water levels in the Mississippi River to drop so low that ships have been running aground. To keep commerce flowing, the U.S. Army Corps of Engineers is now using a dredge ship to push out silt in the river near Vicksburg, Mississippi. The chief of navigation for the corps told local media the low water level can cause a major financial impact.

It is just the latest in a growing number of disruptions hitting the

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