Momentum to decarbonize ocean shipping emissions is building. Consequences for future newbuilding orders and freight rates could be game-changing.
First came the landmark 2018 decision by the International Maritime Organization (IMO) to halve greenhouse-gas emissions by 2050. Then came the Poseidon Principles from shipping banks in 2019, with lenders vowing to publicly disclose portfolio carbon emissions.
Now, some of the world’s largest bulk cargo shippers have launched Sea Cargo Charter (SCC),...
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