News / Shipping faces two fronts in the war on emissions

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Customers and lenders alike are hoping to drive decarbonisation in the shipping industry via a two-pronged attack on the wallet.

At London International Shipping Week (LISW), it was announced that bank signatories to the Poseidon Principles will renegotiate their lending targets for shipping this month, ultimately with the aim of curtailing the available capital, in the hope of stimulating greater investment in emissions reduction devices and low-carbon fuels.

And this week, the Zero Emission Maritime Buyers’ Alliance (Zemba) issued a request ...