ICS: Political instability putting maritime’s green transition in jeopardy

Uncertainty over fuel availability and infrastructure puts at risk ambitions to meet decarbonisation targets, reinforcing the need for a clear plan of action to mitigate risk, according to a new report from the International Chamber of Shipping (ICS).

More than 130 C-suite decision makers, half of them shipowners and approximately 35% consisting of ship managers, provided insight for the report into the issues preoccupying them and how they are placed to manage their impact.

Political instability, financial instability and cyber-attacks were also among the top risks identified in the ICS Maritime Barometer Report.