China Merchants Energy Shipping treads net zero course ‘cautiously’ as IMO plan stalls
- CMES warns the collapse of IMO net zero talks has created a ‘regulation vacuum’, delaying decarbonisation and risking costly regional rule fragmentation
- The company warns fragmented regional rules could raise compliance costs by up to 45% and is building teams to navigate EU regulations
- Contracts with cargo interests will increasingly include cost-sharing clauses to make shippers ‘participants rather than bystanders’ in the transition
One of China’s largest shipowners is betting on flexibility to stay ahead of a fractured regulatory landscape
