Increasingly, all stakeholders in the shipping industry are realizing the necessity to become more sustainable. There are several reasons for that: political and financial reasons, new environmental legislation, an unquestionable necessity to reduce the emission of greenhouse gases (GHG) in order to combat climate change and preserve the environment, and so on. However, what does this imply for Owners, Charterers, Traders and even Insurers? Will there be a shift in trading patterns and new statutory requirements regarding pollution? And equally importantly, can all stakeholders in the marine industry afford to support sustainability goals? Finally, is it possible to achieve complete green shipping by 2050? We will discuss a number of angles as the shipping sector embraces decarbonization (i.e., using alternative fuels to reduce emissions from ships).
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