BIMCO says it continues to add to its portfolio of carbon clauses to support the industry, as the shipping industry faces an increase in decarbonization regulations.
The new regulations could add as many as 200 Chinese chip companies to a trade restriction list that prohibits most U.S. suppliers from shipping goods to the targeted firms.
UN sanctions ban countries from selling oil to North Korea, except in small quantities, in an attempt to repress its economy to prevent it from further developing nuclear weapons.
With a barrage of sustainability laws and regulations across the globe, most companies are under-prepared to meet their obligations when it comes to reporting their emissions.