Shipping decarbonisation
The shipping sector accounts for over 80 percent of the world’s trade volume and an estimated three percent of all GHG emissions globally.


With 5,000 shipping and chartering voyages a year, we recognise the importance of supporting the decarbonisation of the shipping sector, both with our own fleet and across the industry. Areas of work include:
- Maintaining a modern fleet and calling for a global price on carbon for shipping fuels;
- Advocating for change through industry forums such as the Global Maritime Forum, World Economic Forum’s First Movers Coalition, and through dialogue with member states of the International Maritime Organisation (IMO);
- Trialling several new fuels, including co‑sponsoring the development of alternative fuels and investing in innovative on-board emission capture technology;
- Co-sponsoring MAN Energy Solutions’ development of ammonia marine engines;
- Ordering four Medium Gas Carrier vessels, capable of being powered by and supplying low-carbon ammonia;
- Investing in wider efficiency measures such as silicone hull coating, wake equalising ducts, ultrasonic propeller antifouling technology and continuous underwater hull cleaning and propeller polishing.