The CEOs of five global shipping lines have called on politicians to name a date to ban fossil-fuel powered newbuildings.

The companies — CMA CGM, AP Moller-Maersk, Hapag-Lloyd, Wallenius Wilhelmsen and MSC Mediterranean Shipping Company — did not identify a date for the fossil-fuel ban.

But the chief executives said in a joint declaration at the COP28 summit in Dubai that the only way for the industry to achieve its decarbonisation goals is to transition to green fuels quickly and on a large scale.