Wärtsilä remains optimistic about the decarbonisation of marine traffic, despite delays in establishing a global carbon price, according to CEO Hakan Agnevall. The Finnish firm has invested in emissions reduction technologies and anticipates rising demand from the International Maritime Organisation’s climate plan, even as third-quarter orders dipped slightly.
The International Maritime Organization has launched a key four-day session in London, seeking to finalize binding global regulations for cutting shipping industry emissions. Delegates are debating the IMO’s Net-Zero Framework, aiming for major emission reductions by 2030 and 2040, while balancing environmental urgency with economic impacts and industry concerns.
The shipping industry faces a crucial transformation as the International Maritime Organization targets net-zero emissions by 2050. With shipping contributing nearly three percent of global greenhouse gas emissions, an upcoming vote in October is vital for establishing a framework that encourages renewable energy projects and facilitates the transition to green fuels.
UK Maritime Minister Mike Kane has unveiled a plan to make vessels in UK waters carbon-free by 2050. The decarbonization strategy aims for a 30% emission reduction by 2030, focusing on larger polluting vessels. The initiative includes integrating shipping into the UK Emissions Trading Scheme and promoting clean technologies like hydrogen and electric fuels.
Marina has introduced the Maritime Safety Plan (MSP) 2025 to enhance safety standards in domestic shipping operations, aligning with the International Maritime Organization’s regulations. The plan aims to promote a strong safety culture, improve governance, and implement advanced navigation systems. Stakeholders gathered to develop actionable strategies for safety enhancement, reflecting a commitment to proactive safety management.
India is striving to become a global leader in the maritime sector, with ambitious goals to drive transformation. Mr. Shyam Jagannathan, Director General of Shipping, emphasized India’s leading role in the industry’s evolution. The country is actively working towards revolutionizing the shipping sector on a global scale, setting new standards for excellence.
India, despite its lag in ship numbers, is poised for growth in sustainable shipping. Umesh Sharad Wagh highlighted the private sector’s role in India’s 2047 vision, emphasizing government support. Panelists discussed the potential of the east coast, importance of cost-efficient logistics, and the need for incentives to invest in green vessels.
