Shipping Giants Forge Ahead with Green Investments Despite Carbon Price Collapse

Despite a collapse of talks over a global carbon price in the shipping industry, most major players continue with their investments in emission-reducing fuels and vessels, according to Reuters analysis of data and interviews with shipping firms, ship brokers, bunker suppliers, and marine technology providers. Last year, the United Nations agency, the International Maritime Organization (IMO), discussed for months a proposed adoption of the so-called Net-Zero Framework, initially proposed in 2023. The framework includes a global fuel…