Ships on the brink as $400B fleet faces climate shakeup
In the UK, according to a University College London Energy Institute report, over one-third of the global shipping fleet, valued at $400 billion, faces stranding or premature scrapping unless it transitions to zero-emission technology. The study, funded by Oceankind and the Kühne Foundation, warns that tightening climate policies could make many fossil-fuel-reliant vessels unprofitable. Ships […]
