Shipping has outperformed most other industrial sectors when it comes to the reduction of carbon emissions over the last decade, according to Clarksons Research.

The shipbroker calculates that CO2 emissions for the shipping industry declined by around 14% across the period 2009-2019.

In contrast, IEA data shows that both passenger vehicle and road freight CO2 emissions increased by 20%, with growing vehicle volumes globally of 1bn to 1.6bn