Sustainability has emerged as a new trend in the business world. The global business fraternity is now actively collaborating with private and public entities in their respective countries to adopt, promote, and practice environmentally conscious measures across various sectors and business domains. Shipping ranks third in the transportation sector for carbon dioxide emissions, accounting for 11% of total emissions. As a result of increased demand for maritime freight and increased global trade, the sector’s carbon footprint—mainly from CO2—is expected to increase by 50% to 250% by 2050 if preventative measures…