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Breakbulk March 2023

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6 Journal of Commerce | March 2023 www.joc.com Cover Story Breakbulk & Project Cargo 'A total disconnect' New IMO rule at odds with practical realities: shipping execs By Janet Nodar and Keith Wallis NEW ENVIRONMENTAL REGULATIONS could cause upheaval in the shipping industry, with the potential to aect commercial relationships and opera- tions, reduce available tonnage, and drive freight rates higher, according to industry executives. The multipurpose/heavy-lift (MPV/HL) shipping segment may, in some instances, be able to avoid these new regulations, but it will not escape the larger pressures of decarboniza- tion, nor requirements to collect emissions data. The new rules, the International Maritime Organization's (IMO) energy eĈ’ciency existing ship index (EEXI) and carbon intensity indicator (CII) regulations, went into force as

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