Shipowners face an ultimatum in 2023, upgrade their Carbon Intensity Indicator (CII) technology to comply with new laws or scrap their vessels.
New Carbon TargetsThe move comes as the International Marine Organization (IMO) in July announced new carbon targets, which include a 20% reduction in emissions by 2030, a 70% reduction by 2040 (compared to 2008 levels), and the ultimate goal of net-zero emissions by 2050. Chris Birkert, AkzoNobel Marine’s Coatings Segment Manager,...
https://mfame.guru/imos-pivotal-shipping-announcement-can-push-many-vessels-to-scrappage/