Fossil fuel newbuild phase-out stirs debate

The joint declaration issued at the start of the COP28 conference in Dubai from the CEOs of MSC, Maersk, CMA CGM, Hapag-Lloyd and Wallenius Wilhelmsen calling for a set date for the phase out of traditional powered newbuilds earned many headlines around the world. The Splash Extra editorial team have investigated the proposal and sought comment from top names within shipping on the idea for the lead article in the December issue of the subscription title launched today, a day when nearly 200 nations agreed to move away from fossil fuels for the first time as COP28 closed.

Elsewhere in the bumper issue, there’s an annual review where Splash Extra journalists select the most important shipping stories of the year. Regular markets commentary is included, along with the best analyst commentary, and a dive into the sale and purchase markets while this month’s in-depth feature assesses prospects for the Chinese economy in 2024 with data and comments from the World Bank, JP Morgan, Capital Economics, the International Monetary Fund, Macquarie Bank, HSBC and Standard Chartered among many others.