Shipping Firms' Green Fuel Uncertainties
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container shipping industryReuters
•Container shippers hedging green transition with dual-fuel vessel orders
75% Informative
Maersk, CMA CGM and COSCO have ordered hundreds of new vessels in recent years to help their industry slash greenhouse gas ( GHG ) emissions.
Decarbonizing shipping is important to global efforts to fight climate change because it accounts for about 3% of global greenhouse gases.
The U.N. 's International Maritime Organization has set a goal to zero out shipping industry emissions by 2050 .
Hapag-Lloyd won a two-year contract to provide waste-based biomethane-powered shipping for the Zero Emission Maritime Buyers Alliance that includes major shippers like Amazon , IKEA , and Nike .
Several companies are making investments in other alternative fuels like green methanol and ammonia .
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