Industry calls on UN to develop MBMs

Viable alternatives to fossil fuels do not yet exist for large trans-oceanic ships Photo: Bloomberg

Shipping bodies BIMCO, CLIA, International Chamber of Shipping and the World Shipping Council, along with other industry groups, have submitted a proposal to the IMO, urging it bring forward discussions around market-based measures (MBM) by several years and incentivise the global fleet to transition to new fuels and technologies.

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