VPS Group’s Steve Bee and Emilian Buksak dissect IMO’s new binding Net-Zero Framework for shipping, detailing the implications of its global fuel standard and economic measures
Fuel/Energy Type: Other
Pricing carbon: Developments and hurdles
Carbon pricing mechanisms are gaining traction, but a global deal remains elusive.
A historic course correction: How the world’s shipping sector is setting sail for net zero
Long overlooked as a major contributor to global greenhouse gas emissions, the shipping industry is now at the forefront of a unique display of international cooperation. The shift signals that even the world’s largest transport sector can be steered toward climate accountability.
Climate-driven changes to ocean colour fuel urgency ahead of UN summit
The colour of the world’s oceans is changing – a visible sign of climate disruption that scientists say could have wide-ranging consequences for marine life. The shift comes as world leaders prepare to meet in Nice next month for a major United Nations summit on ocean conservation.
IMO Net Zero Framework: Clarity is Still Needed to Address Implementation Challenges
A lot of unknowns are yet to be determined over the next few months and years, in order to the shipping industry to gain full clarity around the implementation of the recently agreed IMO Net Zero Framework.
International Maritime Organization Takes Big Step to Support Global Net-Zero Goals
The climate crisis demands action across all sectors. It’s the shipping industry’s turn given it is estimated to contribute 3% climate warming gases.
The business case for a sustainable blue economy
Despite its huge value, the blue economy faces a significant investment gap, including from perceived risks and regulatory uncertainty.
Advancing Data Sharing Practices: BIMCO’s Energy Efficiency Data Sharing Clause 2025
The adoption of the BIMCO Energy Efficiency Data Sharing Clause for Time Charter Parties 2025 marks an important addition to BIMCO portfolio of clauses promoting energy efficiency and sustainability. This clause constructs a balanced framework that encourages collaboration between owners and charterers to enhance data sharing practices. This is achieved through the utilisation of existing onboard sensors and, where necessary, the installation of additional sensors on vessels.
Global Maritime Forum releases its inaugural Impact Report, showcasing progress on shipping decarbonisation and human sustainability
The Global Maritime Forum has published its first-ever Impact Report, detailing the organisation’s contributions to shaping a greener, fairer, and more resilient maritime industry in 2024.
UK project trials carbon capture at sea to help tackle climate change
The world is betting heavily on carbon capture — a term that refers to various techniques to stop carbon pollution from being released during industrial processes, or removing existing carbon from the atmosphere, to then lock it up permanently.