(2) Environmental Impact
The climate and ecological crisis is the greatest threat that humanity has ever faced and the global regulatory framework is evolving to address it.
From the IMO's EEXI (Energy Efficiency Existing Index) & CII (Carbon Intensity Indicator) clauses which are being revised at the Marine Environment Protection Committee (MEPC), to the European Union Emissions Trading Scheme (EU ETS), environmental regulation affecting the industry is continuously evolving.
There is no one solution that will work for all which creates uncertainty, especially where solutions need to be applied to an ageing fleet and investments in new fleets must try to look ahead and seek to reflect the ever-changing regulatory environment.