How countries failed to steer shipping to net zero, and where they go

Appetite for box ship newbuildings not jaded by IMO net-zero failure

The delay to the IMO’s Net-Zero Framework has not deterred new ship orders, with new commissions from liner operators and tonnage providers pushing orderbooks to levels not seen since 2009. Taiwanese mainline operator Yang Ming has put pen to paper for six 8,000 teu methanol dual-fuelled ships at Imabari Shipbuilding and its subsidiary Nihon Shipyard, priced at $117m-$131m each and scheduled for delivery in 2028. Also today, Yang Ming said it ha…

How countries failed to steer shipping to net zero, and where they go

Amid threats and tears, nations failed to sign off on a ground-breaking deal to curb the sector’s huge appetite for fossil fuels.