A disappointing year in shipping's aim to decarbonise draws to a close.
Regulatory progress (FuelEU, new ECAs) is being offset by geopolitical setbacks, most notably the stalled IMO Net‑Zero Framework and Norway’s delayed rollout.
Environmental gains from stricter sulphur limits and rapid renewable deployment are tangible, yet the sector faces an “overcast” outlook due to policy uncertainty and external political resistance.
Infrastructure investment in LNG and ammonia bunkering is accelerating, positioning the market to meet growing demand for low‑carbon fuels by the late 2020s.