Global Shipping Emissions Deal Sinks After Last-Minute Collapse

Global Shipping Emissions Deal Sinks After Last-Minute Collapse

A decade-long effort to make the shipping industry the first to adopt binding international emissions targets has fallen apart—this time not over science or technology, but timing and cost. The breakdown leaves oil demand from marine fuels largely untouched for now, a relief to refiners and traders watching for signs of a forced pivot toward costly biofuels or ammonia blends. The International Maritime Organization (IMO) meeting in London this w…

Landmark global shipping deal in tatters after US pressure

A landmark deal to cut global shipping emissions has been abandoned after Saudi Arabia and the US succeeded in ending the talks.

Landmark deal to cut global shipping emissions in tatters after US pressure

A landmark deal to cut global shipping emissions has been abandoned after Saudi Arabia and the US succeeded in ending the talks

International Chamber of Shipping disappointed that Member States have not been able to agree

Thomas A. Kazakos International Chamber of Shipping disappointed that Member States have not been able to agreeLondon – The International Chamber of Shipping (ICS) comments following the conclusion of the International Maritime Organization’s (IMO) Extraordinary Session of Marine Environment Protection Committee (MEPC) meeting held in London to discuss the Net-Zero Framework for the shipping industry. The framework would have created the first g…