Cargo Owners for Zero Emission Vessels (COZEV) announced Thursday it gained 10 new retailers, bringing the total number of companies committed to switching all of their ocean freight to vessels that use zero-carbon fuels by 2040 to 19.
Zero-carbon fuels are expensive, if available at all right now. Building or retrofitting ocean vessels to run on those fuels also takes time and resources.
The industry will need many demand signals such as large retailers joining COZEV to scale production,...
https://www.freightwaves.com/news/19-retailers-committed-to-zero-carbon-shipping-fuels-by-2040