Consensus at the International Maritime Organization (IMO) meeting of its Marine Environment Protection Committee (MEPC 84) this week remained elusive, with the US leading countries opposed to the proposed Net-Zero Framework (NZF) for greenhouse gas (GHG) reductions. But by late Friday evening, the majority of member states eventually reached an agreement on the J7 document, which sets out future work for the Intersessional Working Group on Reduction of GHG Emissions from Shi

BIMCO has introduced a new standard contract aimed at the fast-developing market for shipping liquefied carbon dioxide, as carbon capture projects begin to move from concept to execution. The world’s largest shipping association’s Documentary Committee has adopted CO2TIME 2026, a time charter party designed specifically for the carriage of liquefied CO₂ (LCO₂). It marks the first standard form tailored to this segment, where shipping is expected to play a key role in linking

IMO Secretary-General Arsenio Dominguez opened the 84th session of the Marine Environment Protection Committee (MEPC 84), in 27-04-2026 at London, urging Member States to find convergence and make meaningful progress on the IMO Net-Zero Framework to cut global shipping emissions, and set an example of effective multilateralism. The meeting covers a range of environmental issues, including actions to address: • Reduction of greenhouse gas emissions from ships • Energy efficie

source: IMO As of April 22, 2026, the International Maritime Organization (IMO) is actively pushing for net-zero shipping by 2050 , focusing on new passenger ship "green" pilot projects and implementing AI-driven fuel optimization systems in Mexico. Key negotiations are underway for a global carbon price on shipping, alongside calls for a realistic Net Zero Framework and increased security alerts near the Strait of Hormuz. Key IMO Updates & News: Decarbonization Efforts: The

source: IMO The shipping industry stands at a pivotal moment as it faces urgent decisions that will shape its future in the race to reduce emissions. The International Maritime Organization (IMO) has restarted discussions on a global green shipping strategy, while the European Commission is reviewing how the Emissions Trading System (ETS) applies to shipping. These developments come amid growing pressure to achieve net zero emissions and maintain a level playing field for shi

The European Commission has taken the first concrete step towards operationalizing the Carbon Removals and Carbon Farming (CRCF) Regulation, adopting a piece of legislation that paves the way for future development. The Commission has adopted the Implementation Regulation, which sets clear roles, responsibilities, and rules around the certification of carbon removals and carbon farming units, underscoring the importance of transparency and credibility for these operations. I

Independent analysis reveals regulatory and economic barriers could leave the EU 40% below 2030 underground carbon storage targets. The European Union’s ambitious carbon storage targets under the Net Zero Industry Act (NZIA) are unlikely to be met, according to new research from Wood Mackenzie. The study, commissioned by ExxonMobil , OMV Petrom , Shell , and TotalEnergies , but conducted independently, finds that Europe’s available CO2 injection capacity by 2030 will reach o

SHUTTERSTOCK archive photo The agreement, which calls for zero greenhouse gas emissions by 2050, was opposed by the US, while Greece, like Cyprus, had previously expressed serious reservations. The vote by members of the International Maritime Organization (IMO) on the proposed new net zero carbon emissions framework (IMO Net Zero Framework – NZF), supported by the European Union, China and other states, has been postponed for a year . The decision came out, during the Inter

source: EU The European Commission has identified the need to scale up and invest in clean energy infrastructure and technologies, such...

Prinos offshore facility The greek government is eyeing the Recovery Fund deadlines and in the face of the existing risk of derailing the...

A group of leading shipping companies, including major Greek interests, are calling in a joint statement for changes to a United Nations...

source: WSC European maritime policy is at a critical juncture, as the debate on the harmonisation of the European Emissions Trading...

The European Commission is preparing to unveil a proposal by the end of 2025 that would shield EU exporters in high-emissions...

The British Compressed Gases Association (BCGA) will explore how the EU’s new Carbon Border Adjustment Mechanism (CBAM), often referred...

The EU is on track to cut its net greenhouse gas emissions by 54% from 1990 levels by 2030, just short of its legally binding 55% target,...

source: imo.org The IMO finally agreed past Friday, on the first binding targets for shipping to reduce greenhouse gas emissions from...

A group of the world's largest and most important shipowners has expressed "serious concern" about the direction of talks at the IMO...

photo: courtesy of IMO The International Maritime Organization ( IMO ) is on the cusp of implementing the world’s first global emissions...

source: imo.org Thirteen additional countries supported a global carbon levy on shipping at the International Maritime Organization (IMO)...

INTERTANKO managing director Tim Wilkins. Photo Splash247 INTERTANKO managing director Tim Wilkins has highlighted significant...