DNV head of maritime Knut Orbeck-Nilssen says the decarbonisation of shipping is slowing, leading to a growing gap between policymakers’ expectations and what the industry can deliver.

He cited the trends he believes signal the slowdown in an interview with TradeWinds in Athens in early June, and his comments have been echoed by shipping executives.

Ship scrapping rates are the first indicator, Orbeck-Nilssen said.