It is always difficult to fully grasp the magnitude of large events as they are occurring. With that said, few would disagree that the Covid-19 pandemic will be a central character when the story of 2020 is told. It hit the shipping industry hard with massive demand contraction across almost all segments.
I think 2020 will also end up being the year our industry began to fully recognise and embrace the transformation it must undergo to meet the mandate of zero-carbon emissions by 2050 and a 40% reduction in emissions by 2030.
