The IMO’s greenhouse gas emissions targets for 2030 and 2050 are confusing decision-making and creating uncertainty over newbuilding choices.
That was the message from several famous names who this month addressed shipowners at the biennial meeting of the Costas Grammenos Centre for Shipping, Trade and Finance.
Onassis Foundation president Anthony Papadimitriou summed up the conundrum shipowners face: “Who will invest today at the end of 2019 to take delivery of a ship in 2023 that may become obsolete by 2030?”
In response to the IMO targets, shipbuilders are increasingly moving to offer dual-fuel options on all ship types.
