The Nigerian shipping industry will need to invest about $3.4 trillion in the next 30 years to replace the existing fleet in line with the sector’s decarbonization plans.

An industry top analyst and Non-Executive President of Clarkson Research Services Limited, Mr. Martin Stopford, made the projection while giving a keynote address during Capital Link’s decarbonization in the shipping forum.

For more information, please see https://guardian.ng/business-services/maritime-industry-needs-3-4-trillion-to-replace-existing-ships/