Tanker owner International Andromeda Shipping is moving into carbon trading.

The Monte Carlo-based company has formed a joint venture with Swiss trader Trasteel to provide charterers with carbon credits to offset their emissions.

The company will give charterers of Andromeda's vessels the chance to make zero-carbon voyages.

The company has established the project after enquiries from leading charterers and commodity traders including Trafigura, Vitol, Glencore and Gunvor.