Could coronavirus derail shipping’s decarbonisation agenda?

Is zero carbon shipping on the back burner, or could the economic fallout from the coronavirus pandemic actually help to drive decarbonisation as governments consider stimulus packages and investments to rebuild economic growth, re-setting the carbon trajectory in the process? Richard Meade, of Lloyd’s List, investigates

Newbuilding orders are forecast to hit a 50-year low point in 2020, according to the latest revisions to Lloyd’s List Intelligence’s shipbuilding outlook. If evidence were needed, it seems shipping’s strategic decisions are currently on hold. The multi-billion-dollar question is whether they have been put into hot or cold lay-up.