
Carbon Pricing Is Coming to Shipping, but the Hard Part Starts After the Vote
In April 2025, the IMO approved a net-zero package that combines a mandatory fuel standard with an emissions pricing mechanism.

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In April 2025, the IMO approved a net-zero package that combines a mandatory fuel standard with an emissions pricing mechanism.

For years, “shadow fleet” talk sat in the compliance corner of maritime. It was about paperwork, ownership layers, flag swaps, and price-cap evasion. In late 2025, it started looking like a kinetic security issue.

For almost two years, the Red Sea and Bab el-Mandeb risk pushed major carriers to reroute around the Cape of Good Hope. That detour became the new baseline, not a short-lived workaround.

Shipping talks a lot about new fuels such as methanol, ammonia, and even hydrogen show up in conference slides and newbuild press releases. Ports do not have that luxury.

The Black Sea has become an increasingly high-risk area for seafarers in recent weeks. As military activity intensifies, commercial shipping in the region is facing growing operational and safety challenges.