Japan’s Maritime Bureau of the Ministry for Land Infrastructure and Transport and Tourism is set to table a radical new proposal including the possibility of a limit on the power and speed of vessels to help the shipping industry meet its target of a 40% reduction in carbon intensity by 2030.

The proposal, which could significantly change the way the industry operates, is set to be put before the Marine Environment Protection Committee meeting in May as part of the IMO’s attempt to come up with a package of measures to reduce shipping’s carbon footprint.