​International Maritime Organization head: Green shipping to shake up global trade

Decarbonizing the shipping industry could significantly alter global trade as emerging supply chains for alternative fuels and vessels offer new opportunities for developing economies, the head of the United Nation’s International Maritime Organization told Inside U.S. Trade this week. “It's a transformation,” IMO Secretary-General Arsenio Dominguez said in an interview. Over short distances, zero-emission technologies like sail, electric and battery-powered vessels will become more viable, Dominguez said, creating supply chains for new low or zero-emission vehicles. Alternative fuels like ammonia,...