Many expect June’s elections to the EU Parliament to bring a radical shift in the profile of the chamber’s 720 MEPs, which may explain why those in EU power are pushing hard on commitments that will be hard to reverse.

Analysis released by classification society, Bureau Veritas (BV), carries a stark warning that waiting for new low-emission fuels and propulsion technologies will not enable the global shipping industry to meet its mid-century carbon reduction...

The World Shipping Council (WSC) is the latest organisation to put forward a Greenhouse Gas (GHG) pricing proposal to the International Maritime Organization (IMO) although it expects elements of different proposals to form a final agreed structure.

Evidence is mounting that zero or net zero emission fuels, powering transatlantic vessels, could achieve cost parity with conventional fuels by 2026, given support from governments and the financial sector increases.

Servicing the energy transition comes at a cost and ports are wrestling with the question of ‘who pays’ in the shared responsibility of addressing climate change.

Attracting new sources of capital will be essential to raise the estimated $75bn of investment needed for the UK’s drive to decarbonise its domestic shipping sector and achieve net-zero over the next three decades.

As the shipping industry is navigating the winds of change it is to blame for it becoming the focus of world regulators rather than other much heavy polluters, according to John Platsidakis.