LONDON, June 12 -- The companies that move the world's coal, grain and iron ore did better on carbon last year, and it was not enough. That is the uncomfortable shape of the news from shipping's own climate scorecard: the industry's most willing decarbonizers improved their performance in 2025 and still slipped further from the line they promised to hold, because the line keeps moving away from them.

The scorecard is the Sea Cargo Charter, a voluntary disclosure pact whose 32 signatories, charterers and operators that together handle roughly 14 percent of the world's seaborne bulk trade, publish their emissions against the trajectory the International Maritime Organization says the sector must follow. The 2026 edition of the report, rele...