Not ship shape: Global fleet on course to produce double the emissions permitted under a 1.5C carbon budget

clock • 4 min read
Credit: iStock
Image:

Credit: iStock

New study warns $400bn of investment could be at risk, as it urges shipping investors to prepare for the net zero transition or face the 'premature scrapping' of over a third of the global fleet

The global shipping fleet is on course to smash through emissions targets, unless over a third of the world's existing and ordered vessels - together worth more than $400bn - are quickly upgraded to include...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Shipping

Reports: Marine biodiesel prices sink below fossil fuel costs for first time

Reports: Marine biodiesel prices sink below fossil fuel costs for first time

Price of biodiesel for shipping lower than fossil fuel alternatives impacted by Iran war and Strait of Hormuz crisis

Stuart Stone
clock 21 September 2026 • 4 min read
Campaigners raise alarm over opening-up of Arctic shipping routes

Campaigners raise alarm over opening-up of Arctic shipping routes

Latest voyages through the Northern Sea Route prompt fresh calls for more demanding clean fuel standards to tackle black carbon pollution

James Murray
clock 14 September 2026 • 5 min read
Maersk to install 'world's first' Rotor Sail on container vessel

Maersk to install 'world's first' Rotor Sail on container vessel

New Rotor Sail is due to be installed in mid-2027, as part of shipping giant's latest efforts to cut fuel consumption and emissions

clock 04 September 2026 • 2 min read