Green shipping push to lift pandemic-hit shipbuilding orders
The coronavirus-led economic slowdown has forced a review of newbuild plans, but shipbuilders may receive a fillip from the global drive to cut emissions as shipowners look for the best options in the future
Lloyd’s Register says deepsea zero-emission vessels need to enter the fleet by 2030 to meet the IMO’s 2050 decarbonisation goals. As such, shipowners obliged to meet these targets are expected to make decisions on either retrofitting existing tonnage or building new vessels to run on fuels complying with IMO 2050 decarbonisation goals in the next five years