GHG reduction targets from cargo owners are set to impact shipping.

Cargo owners are increasingly facing customer and investor expectations to decarbonize their operations. This is taking place at every stage of the supply chain, all the way to the public.

In response, many cargo owners have announced that they are building decarbonization targets into their business strategy. Some are aiming for carbon-neutral or carbon-positive impact by 2040, or even by 2030.

This is likely to increase expectations on the shipping industry to be more transparent, as part of increased GHG emissions reporting requirements throughout the supply chain.