Comment / OceanX Radar: Shipping's Net-Zero hits US roadblock... but rates are up

ID 21335810 © 350jb | Dreamstime.com

Massive disappointment at IMO on Friday, with the decision on the net zero framework postponed by a year. The pressure from the US government worked. On the one hand we should expect more regional and local legislation on the subject, which will make things a bit more messy, on the other hand we will see global legislation simply slow down. Older vessels will stick around longer and those fancy new ones that can support more modern, cleaner fuels, will ...