News / DNV/GL predicts shipping industry will miss IMO 2050 CO2 reduction targets unless drastic action is taken

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The shipping industry will miss the climate change reduction targets set by the International Maritime Organization (IMO) unless it ’future-proofs’ newbuilds and continues to invest.

According to new research from classification society DNV/GL, the problem lies in the fact that no shipowner can invest in new technology today and be assured that that it won’t be obsolete within the space of a decade or two.

“Ships built today will have to compete with vessels coming onto the market in five, 10 or ...