Shipping accounts for 3% of global greenhouse gas emissions, putting pressure on the maritime industry to decarbonise and adopt cleaner fuels. Regulatory policies that incentivise low-carbon technology and deliver emissions accountability will be an essential driver of sustainable operations. To decarbonise shipping, progressive support from regional and national authorities is required to attract the right investment, stimulate demand, and develop the necessary infrastructure to adopt sustainable fuel solutions.

As the global energy industry transitions towards cleaner fuels and sustainable business models, opportunities for new multi-sector partnerships will be increasingly viable. Collaboration among governments, energy producers, shipowners, fleet operators, fuel bunker producers and ports will be key in creating a cleaner, more sustainable industry. In addition, infrastructure development for alternative energy carriers, such as hydrogen, will help create a platform for multi-stakeholder partnerships across heavy industries.

Technology has a vital role in transforming the maritime industry and digital transformation will be key to resiliency amidst disruptions. Digitally advanced and data-driven operating models, that incorporate technologies such as artificial intelligence (AI), data analytics and blockchain, are increasing efficiency while lowering emissions and improving end-to-end visibility of maritime value chain metrics. Leveraging intelligent technologies in shipping and logistics will result in more resilient and responsive global supply chains, ultimately strengthening trade flows worldwide.