In the clearest sign that leading economies are not backing the decarbonisation agenda for the ocean freight industry, the United States and Saudi Arabia have blocked the ratification of the International Maritime Organizations IMO Net-Zero Framework NZF.
It has been widely reported as an unequivocal indication of divided sentiments over stepped-up environmental control of global shipping.
According to Asia Shipping Media ASM, it has unsettled regulators, particularly in Europe.