Five things to watch: Regulation
Anticipating regulatory changes to shipping was once a slow and relatively predictable affair. That is no longer the case. A series of decisions culminating with a landmark deal in mid-April to adopt a Paris Agreement for the shipping industry and cut ships’ greenhouse gas emissions is just the latest example of a shift in environmental responsibilities for the industry to contend with, but the complexity of the legislative landscape is growing at a fearsome pace
Environmental regulation is the long-term trend, but shipping must first contend with a wide-reaching transparency regulation coming soon
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