Vessels must reduce their use of fossil fuels by 50% by the end of the decade to align the industry with Paris climate goals.

That is the conclusion of a new report from the Maersk Mc-Kinney Moller Center for Zero Carbon Shipping, the not-for-profit Danish research and development organisation.

The centre is urging shipping players to take “immediate collective action on an unprecedented scale” to remain on track to limit global warming to 1.5