IMO's tougher climate goals will hurt SCI's valuation - India Shipping News

The International Maritime Organisation (IMO) has set tougher climate targets on reducing greenhouse gas (GHG) emissions from ships. This is expected to impact Shipping Corporation of India's fleet and could affect the company's valuation during privatisation. The revised strategy aims for net-zero GHG emissions from international shipping by 2050 and a transition to alternative low-carbon fuels by 2030. However, the average age of Shipping Corporation's fleet and the lack of technologically advanced vessels could make it difficult for the company to meet the IMO targets, potentially leading to financial disadvantages.

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