The IMO has adopted a draft amendment to Annex VI of the MARPOL Convention approving a Net-Zero shipping policy framework by or around 2050. Set to take effect in 2028, the “J9 Bridge” style scheme as it is known, sets out a two-tiered carbon pricing mechanism & fuel standard, which if adopted late this year, will make shipping the first industry of any to have a global carbon price agreed with internationally mandated emissions reduction targets.

At a recent webinar hosted by Bureau Veritas Marine & Offshore and OrbitMI Inc., Eleni Chavredaki from the IG Sustainability and Maritime Carbon Solutions Team, shared insights into the commercial and operational shifts expected as the FuelEU Maritime regulation takes effect.

This week, the MEPC meets to discuss new GHG reduction measures, including a maritime emissions levy and updates to the CII framework, aimed at aligning global and regional regulations to streamline maritime decarbonisation efforts effectively.