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ICS: Green agenda will ruin a lot of shipowners

The green agenda, which includes ballast water and fuel systems, will be enormously expensive for shipping and force many operators on their knees, warns the International Chamber of Shipping.

The green agenda in international shipping will cost operators hundreds of milllions of USD, and the coming environmental requirements will be particularly hard on the companies that are currently struggling with massive debts.

The warning comes from the Chairman of the International Chamber of Shipping (ICS), Masamichi Morooka, on the three-day conference Connecticut Maritime Association in the United States, which ends today, Wednesday, according to the newsletter Sustainable Shipping.

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