World Bank submits disputed LNG report to IMO negotiations
The World Bank is attempting to influence negotiations of shipping's green transition at MEPC, the IMO's environmental committee, with a report that criticizes and warns against the use of LNG as a ship fuel.
With the submission of two reports, the World Bank is attempting to exert an influence on the negotiations concerning shipping's green transition at the MEPC, the International Maritime Organization's (IMO) environmental committee, next month.
Hafnia, Torm, Norden and Scorpio Tankers have seen big profits this year in a strong tanker market, which has been highly affected by Russia’s war in Ukraine. The carriers are now sending record-high dividends out to stakeholders.
Demand on the majority of busy container routes is now at its lowest level in three years, an influential analyst bureau reports, saying volumes may continue to plummet beyond the Chinese New Year in February.