Shipmanagment and ESG

ESG (Environmental, Social, and Governance) is going to drive investment decisions in shipping and when the platitudes have melted away on shipowners’ websites and real continuous improvement measuring has started, shipmanagers will have to show their colours. However, they find themselves in a tight position in terms of what they can do to help clients reach their stated ESG goals as managers are given ships to manage which they did not build, and in which they cannot be expected to invest their own money to improve environmental performance.