The coronavirus pandemic and the low oil price environment pose a threat to shipping's decarbonisation drive, Wartsila has warned.
The Finnish marine technology company said the price differential is widening between existing fuels and green alternatives after crude falls this year.
"This, combined with the challenging financial positions of shipowners and operators and with uncertainties concerning developments in the regulatory environment, may raise the barriers for the decarbonisation of shipping," Wartsila added.
