Shipping market review: diverging trends across global shipping sectors
December 19, 2025
In April 2025 the IMO advanced draft rules that pair mandatory GHG fuel-intensity cuts with a two-tier levy (Base vs. Direct Compliance) starting in 2028, tightening from 4%/17% to 30%/43% by 2035 and feeding a new Net-Zero Fund. With only ~3.7% of 5,000-GT-plus ships dual-fuel capable, most of today’s fleet would pay for non-compliance or invest in ZNZ-fuel retrofits/newbuilds—implying higher freight […]
