Vessel pollution Photo 216758646 © Markus Gann Dreamstime.com
© 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 – around 25% of the sub-6,000 teu fleet over 20 years old.

And, as a cascade of new tonnage arrives in 2023 and 2024, the economics for this smaller subset will become increasingly precarious.

In its current ...

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.