News / Lack of transparency holds back green growth in shipping, says Carbon War Room

Increased transparency could be the only way for shipping to become more environmentally friendly.

The Carbon War Room, an environmental think-tank, has been set up by a group of entrepreneurs with the founding principle that the market would ultimately force shipping companies to reduce emissions.

However, it would appear that belief is under threat after the organisation completed a major study in conjunction with University College London, which discovered that more-efficient ships have failed to command higher charter fees since the financial crisis began ...