Trafigura urges prompt climate regulation of shipping

The legislation of shipping's transition to sustainable production cannot come soon enough, said Trafigura's head of decarbonization at ShippingWatch's conference Tuesday. The industry should work towards regulation to avoid stricter demands in the future.

"We know we are not in a position to adapt quickly enough without political regulation," said Rasmus Bach Nielsen on Tuesday during ShippingWatch's conference Decarbonizing Shipping. | Photo: PR / Trafigura

The shipping industry should do everything in its power to initiate the green transition immediately – otherwise, it'll be too late, and, as a consequence, shipping will be subjected to stricter environmental demands in the future.

This was the call from one of the world's largest commodity traders, Trafigura, where Global Head of Fuel Decarbonisation Rasmus Bach Nielsen is encouraging the shipping industry to work intently towards a global regulation of the sector.

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