Freight struggles with regulatory uncertainty

Lack of clarity is affecting demand for new tankers, but LNG vessel orders are booming

Shipowner group the International Chamber of Shipping wants more clarity over emissions regulations for its members and warns the uncertainty is cutting into new vessel orders. “The order book is small in many sectors of shipping,” says ICS chairman Emanuele Grimaldi, because owners fear investing in vessels that could be rendered obsolete soon by environmental legislation. The ICS “wants regulation to be better known and understood”, and is working “towards clarity”, in conjunction with the UN’s International Maritime Organization (IMO). “Hydrogen and ammonia will play big roles in shipping” Grimaldi, ICS But for now, the lack of certainty is making vessel orders more difficult, Gri