How freight shippers are trying to get greener

Shipping is the backbone of the global economy, carrying more than 80% of traded goods. But it also accounts for about 3% of man-made carbon dioxide emissions, with the overwhelming majority of the world’s fleet running on fossil fuel. If the sector is to decarbonize in line with the 2015 Paris agreement on climate change, it needs to move beyond oil. Last year, for the first time, the majority of gross tonnage ordered was capable of running on alternative fuel, including liquefied natural gas. Maersk has ordered 25 ships that are capable of running on methanol, with the first making its maiden voyage this year, and it’s not alone.