This is an important agreement ahead of preparations for global sulfur requirements, says the Danish Shipowner's Association to ShippingWatch regarding the decision made in the IMO on Wednesday. Meanwhile Russia has by all means lost the battle against black carbon.
BY LOUISE VOGDRUP-SCHMIDT
Two highly debated subjects have been put to rest following decisions made in the IMO's Environment Protection Committee (MEPC) Wednesday morning.
The long-term lockdown of major city Shanghai has seriously affected land logistics at one of the world trade’s crucial hubs. It will take time to get infrastructure back to normal, predicts DSV regional head to ShippingWatch.
Industry stakeholders and NGOs describe meetings last week leading up to IMOs climate session in June as a breakthrough for a global CO2 levy considered the single most important tool to decarbonize shipping. ”A huge step forward,” says researcher Tristan Smith.
Coffers are filled with money ready to be spent on investments, but German Schulte Group holds on to its capital for the time being. ”There is simply too much uncertainty,” says Group Chair Heinrich Schulte.