News / As carbon emission rules for ships get tougher, it could trigger modal shift

© Markus Gann Dreamstime.com.

Experts fear the International Maritime Organization’s carbon intensity indicator (CII) regulation will trigger market changes, including a modal shift from shipping to land, hitting feeder and reefer trades.

A collapse in demand as port congestion normalises has reduced shipping rates and incentivised scrapping smaller, older vessels ...