Meeting the IMO 2023 regulations will have quite a significant impact on the supply of vessels in the container shipping market in the long term, Søren Skou, CEO of A.P. Møller – Mærsk A/S, estimates.

As of 2023, the shipping industry will need to meet a new round of vessel efficiency and carbon intensity regulations applying to existing ships. In practice, this means that ships would have to meet a specific Energy Efficiency Existing Ship Index (EEXI) , have an enhanced Ship Energy Efficiency Management Plan (SEEMP) that lays out the vessel’s energy efficiency improvement steps, and determine Carbon Intensity Indicator (CII) rating scheme.