The shipping industry in 2023 is characterized by cautious consumer spending and sluggish container demand growth, coupled with the looming risks of oversupply
Emissions from shipping could grow by 250% by 2050 if no action is taken.
Halving shipping’s emissions by 2050 could require $1.4 trillion in investment.
But the scale of this challenge could be big
enough to spur decarbonization across other sectors, too.