The maritime industry, reliant on traditional fuels for decades, faces challenges in meeting emission standards with alternative fuels. Shipyards may struggle to adapt, impacting profitability. Dr. Ahlgren’s “Dual Fuel Strategy” suggests combining fossil fuels with electric power. Transitioning to alternative fuels poses challenges in energy density, safety, and infrastructure.
Leaders in the maritime industry recently gathered at SMW 2025 to discuss the challenges and opportunities in the sector. Jeremy Nixon highlighted political processes and security issues affecting container trade, while Zahid Osman emphasized the impact of conflict on global trade. James Marshall shared optimism about market recovery and the industry’s strategies for decarbonization.
Eni, Fincantieri, and RINA have joined forces to release a groundbreaking report on sustainable maritime transport. The collaboration, with the support of Bain & Company Italy, aims to drive decarbonization in the sector towards a Net Zero target by 2050. The study explores various decarbonization options and future scenarios.
Union Commerce Minister Piyush Goyal discussed India’s ship-building potential at the 12th Biennial International Conference on Ports, Shipping & Logistics 2025. He emphasized the government’s efforts to promote the sector and the need for more flagged vessels. Goyal highlighted India’s port capacity expansion, reduced ship turnaround times, and the importance of enhancing the logistics ecosystem.
The Fuel EU Maritime Regulation, effective from January 1, 2025, mandates vessels over 5,000 gross tonnage to reduce greenhouse gas emissions gradually. Shipowners must submit a monitoring plan by August 31, 2024, to adhere to the reporting system. Non-compliance penalties can be steep, but options like pooling and trading surplus compliance balances offer flexibility.
The shipping industry faces manageable impacts to cargo despite recent disruptions like the closure of the Port of Baltimore. However, Journal of Commerce Executive Editor Mark Szakonyi warns against complacency, as growing geopolitical threats may pose new challenges that cannot be easily overcome.
