Fundamental changes to the way in which shipping markets operate could help the industry achieve its carbon emission reduction goals, according to classification society ABS.

The IMO is currently considering the affect of slow-steaming and goals-based speed limits in meeting its target of cutting greenhouse-gas (GHG) emissions by 40% in carbon intensity compared with 2008 levels by 2030.

But in a recent report — Setting the Course to Low Carbon Shipping 2030 Outlook 2050 Vision — Houston-based ABS claims...