Shipowners appear to be feeling pretty sanguine about the introduction of new carbon ratings from January 2023. Yes, there might be some slowing down and some retrofitting, but the initial implications are pretty limited. Or are they? Has the industry genuinely understood the implications of CII? Or are the owners suffering from boiled frog syndrome?

Roger Strevens, Head of sustainability at Wallenius Wilhelmsen and BIMCO deputy secretary general Lars Robert Pedersen assess whether shipping is really ready for the highly technical and widely misunderstood Carbon Intensity Indicator.