Short-term decarbonisation measures at the International Maritime Organization, as their negative reception by parts of the shipping industry and public opinion, have rattled some Greek and Cypriot shipowners.

The reaction comes after the United Nations body unveiled a package of measures that will ratchet down carbon intensity of existing ships by 2% per year from 2023 to 2026.

“We don’t want the IMO to lose its voice and credibility,” Polys Hajioannou, the vice president of the Cyprus Union of Shipowners, told a Capital Link conference on 17 June.