London, 11 April, 2025 - The World Shipping Council has welcomed an unprecedented global agreement at the International Maritime Organization (IMO) today, as a critical next step toward shipping decarbonization. Following a contentious and difficult debate, the IMO reached agreement on a measure to be finalized and adopted in October. The measure establishes a GHG fuel standard and framework that, if adopted, will require continuous reductions in GHG fuel intensity beginning in 2028 with ongoing reductions over the next two decades. IMO is poised to move forward on a topic that has evaded legally binding standards in many other fora for decades. “This is a major milestone for climate policy and a turning point for shipping. Our industry has long been labelled as ‘hard to abate,’ but record industry investment and a new global measure can turn the tide on that,” World Shipping Council President & CEO Joe Kramek said today. (....)