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

Also in this section
22 April 2025
Saudi Arabia is growing as a geopolitical and diplomatic force amid an increasingly fractured world
22 April 2025
Modest downward revisions to 2025 supply belie the longer-term damage to E&P from a weaker oil market
16 April 2025
Israel continues to strike new oil and gas concession agreements and gas exports continue to rise, but an overreliance on Egypt remains the big concern
15 April 2025
Loss of US shipments of key petrochemical feedstock could see Beijing look to Tehran with tariffs set to upend global LPG flows