Shipping industry to ensure difficult, radical change under new climate regulations

RegulationsNuts & BoltsComplianceHot SpotsTrade & Border Issues
Written By Jennifer Joslyn

The shipping industry is no stranger to disruptions or change, especially after the past several years. However, environmental regulations are the radical disrupter that could change everything. The United Nations International Maritime Organization (IMO) agency is responsible for maintaining regulations in the global shipping sector and new rules have made it clear the UN is focusing on reducing emissions.

As early as January 2023, ships must measure and report exact carbon intensity indexes and submit those reports on an annual basis to the IMO. Those reports will then be graded against IMO standards and disallowed from shipping rotations if rated too poorly. Additionally, ships must report a minimum of 2% improvement year-over-year to continue in their lettered position.

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Jennifer Joslyn
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