The International Chamber of Shipping has responded positively to the shipping industry’s new target to decarbonise shipping “at or around” 2050.

As earlier reported, the International Maritime Organization has agreed to target net zero greenhouse gas emissions by around 2050 with intermediary goals set for 2030 and 2040.

ICS deputy secretary general Simon Bennett said shipowners will do “everything possible” to achieve 70% to 80% absolute reduction of greenhouse gas emissions by 2040 included in the new target.