Shipping has commenced its long journey towards decarbonization. But to achieve a breakthrough in eight years, the industry needs to invest heavily in alternative fuels – and make sure they are available.
That’s according to a new report on climate action in shipping from United Nations initiative the Climate Change High Level Champions and maritime consultancy Umas.
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.