Why shipping may not have a choice when it comes to net zero
Banks, insurers and cargo interests are helping shipowners make the transition, but some companies will find themselves without access to capital, cargo or cover
The private sector is now racing ahead of the IMO’s decarbonisation trajectory with increasingly robust requirements to hit zero emissions by 2050 and greenwashers need not apply. That accelerated ambition will ultimately ensure that access to finance, insurance cover and cargo is restricted to those companies prepared to align themselves with strict commitments